Improving livestock production

Christopher

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Christopher

Member since

February 2015

On-time repayments

73 installments • 32%

About Me

My name is Asiedu christopher from the Brong Ahafo Region of Ghana. I reside in Berekum which is a municipal within Brong Ahafo with Sunyani as its Regional capital, it has a mixture of all the tribes making it a beautiful atmosphere to enjoy the differences in the variouse ethnic groupings.The indigenes mostly cocoa farmers and have a unique dance called adowa and kete. I have a degree in in education from University of Winneba and a teacher by profession. I am currently into livestock production and my hobbies include listening to news and surfing the internet for current trend in marketing and business. My interest grew for this as a result of personal needs and desires, as income is the one of the most satisfying factors of an individual’s life. Hence the need to engage in an activity that will lead to a multiple source of income because you are likely to have a negative impact if your one source of income is challenged. Income from multiple sources is one of the most required trends of present requirements and lifestyle. People with ordinary or average income generally face a greater impact on their lives when their single source of income is challenged there by affecting their physical and mental health.

My Business

Livestockproduction for meat and milk is what I do as the demand for beaf and milk huge from the table top food vendor to the restaurant are all demanding beef for various delicacies. During festive season I do sell some for meat. The company was initially started as a hobby. Considering the prospects of the business and industry as a whole, which was informed by the persistent and continuous growth in demand for cattle products, Ghana beef imports have more than tripled in the past few years as Ghana's domestic cattle sector continues to decline and can only supply around 10 percent of beef demand in the country. This has actually made the business enjoy fair advantage. The non-existence of competition in operating jurisdiction is an added strength to my operations. The major threat of business in this venture has to do with rapid increases in prices of its inputs especially feed and medication/vaccines. The possible outbreak of disease in the cattle house is another threat. Apart from my product being wholesome, flexible credit policy is also what keeps my customers to me, as I have daily, weekly and monthly policy. I seek to expand my production capacity and increase output by 60% next year and so it is imperative to keep the business on sound footing as well as my customer base hence the need for the Loan. My typical cost is based on the feed which $650,$150 to the payment of the monthly salary of my employee and other overhead cost $300 . Christmas and moslem festivities are acually the period i make profit over and above 100%.The profit from my business basically goes into reinvestment in growing the business and helping few friends who are in financial need.

Loan Proposal

This laon when honoured will basically be used to buy feed for the Cattle. Also veterinary services will be paid for and fuel for the generator and other miscellanous.
Feed for cattle= $60
Veterinary service=$25
miscellanous=$15
Upon ingecting this money into the business, it will help me buy more cattle and employ additional hands. i expect my profit to inrease by 20% averagely.