Sheep farming & tricycle for transportation

Mustapha Mohammed

Techiman, Ghana

100% repaid

Entrepreneur

Name

Mustapha Mohammed

Location

Techiman, Ghana

On-time repayments

241 weekly installments  •  91%

About Me

I attended my primary education in a village called Aworopataa near Ahansua in Techiman Municipality.My father was a peasant farmer with eleven(11)children. I was the first born but due to financial problems,i was instructed by my father to assist him in farming as a first born. I struggled to convinced my uncle to beg my parents to send me to school. But my father was not interested to send me to school. I was therefore rejected by my father instead of helping him in farm.I moved to stay in Techiman with my uncle partially while with my parents looking for job to take myself to school at the tender age of 12yrs.Still in primary school. Gaining a job as a truck pusher in Techiman market,with my master Kwadwo Moses (may his soul rest in perfect peace) who helped me in sending me to school.
In middle school, i was enrolled to take part in common entrance of which i passed successfully in gaining admission into secondary school in 1988-1989 academic year. Looking at my seriousness in school and financial problems i was considered as brilliant but needy student. I was given a scholarship in the school. Graduated and i was appointed to teach as pupil teacher.
Now,with a little salary i managed to open a scratch sheep rearing (animal farm)to assist my work and my family.
I therefore wouldn't like my children suffer
the way i struggled. That is why i need assistance from your reputable organization to help me expand the rearing of the animal and again use part of the accrued profit to do more ventures like barbering salon, tricycle to transport feedings to the animal house and to the market for their sales and more. Thank you.

My Business

I buy and sell all kinds of sheep breeds to support my family as a living.
This is very lucrative job as people who wanted in large quantity i do supply them for both retail and wholesale that is one or more.
I choose this kind of business because the demand and supply is good and high in demand and considering the profit margin is not bad.The cost involved in buying their feeding and vaccination or drugs are moderate and the profit margin is not all that bad as comparing the expenditure and the income, the income is more than the expenditure which the profit margin is very high.
The cost of buying one sheep is between 350Ghs and the cost of selling the sheep within one year will be the twice of the cost of buying that is 700Ghs per one for the season or at times higher during occasion like Christmas , Easter etc
Again, Islamic festivities like Ramadan(Edul-Fitr)and Edul-Adha(sacrifice) where animals are used for these occasions.
Moreover, we have traditional festivities as well where animals are used.Traditional festival in my community like Apour festival, Adae festival and all kind of traditional occasions animals are used.
The profit was at times used to reinvestment in growing the business home improvement and used to settled children school fees and invent more lucrative businesses like barbering salon, trotro(transport)etc

Loan Proposal

I will use the loan to purchase feeding,medicines(both external and internal drugs)and wheel barrow or tricycle all at the cost of $1000 dollars.
The feeding as usual is for the livestock and the drugs will be use to treat the livestock diseases especially tapeworm,hookworm and many animal diseases.Also,the wheel barrow will be use to transport the livestock drops and to carry the feeds of the animal as well as the tricycle.The loan is going to help my family and my community at large because i will use the income to purchase learning materials for my family and needy but brilliant students in my community.
My expectation with this loan is raise my profit margin higher and always at least 90% increase at all times.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$970.82

Date disbursed

Aug 25, 2017

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $31.94

Mustapha opted to pay $286.38 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

W

winfried

Seoul, Republic of Korea

Tavin

Ottawa, Canada

P

PHU99

Zwingenberg, Germany

M

mbarbier

United States

K

Katka

St Albans, United Kingdom

BS

Brandon S

United States

MS

Mike Sutherland

United Kingdom

John Sercel

Florence, United States

Paul Buchheit

Mountain View, United States

Ask Mustapha a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...