Loan to boost my livestock business

Kenneth Okpechi

Accra, Ghana

41% repaid

Entrepreneur

Name

Kenneth Okpechi

Member since

October 2020

On-time repayments

36 installments  •  53%

About Me

My name is Kenneth Okpechi, I am a resident of Adenta in the greater Accra region of Ghana, a member of zidisha, i am married with three children, I hold a Degree in administration, from the University of Ghana legon, Masters in finance and soon graduating from a PhD programme in management with a University in Cambodia. I am into animal and poultry farming. I also operate an NGO , where I take care of orphans and the less privileged .aside these, I run other businesses in the area of distance learning programs facilitation, Agent to the following companies ; electricity company of Ghana , Ghana water company, Mtn, Vodafone Ghana, and a supermarket operator .
I use the little profit i make to support the orphanage and my family as well .i am very successful in business and i have challenges footing the expenses of the Orphans and the less privileged in my care due to this recent time of covid 19 ,in fact it started affecting my business because schools, churches and general activities were at a halt. Including our foreign donors and remittances we receive during visitation was halt , so I took the step to venture into poultry/ animal farming , which I started about three months ago, but still doing my other businesses along side .I started to raise about 300 cockerels and it was very interesting, some got sick and I had to build a sick bay for them , likewise some of the animals. As you can see in the post .
In this few months of experience, I want to venture in a bigger space and raise more and even include , layers , broiler, Turkey,
I will need your support towards my business, I also promise to remain faithful in repayment so that I can get a maximum support in the feature to build my business to the international market.
In case of failure in repaying, my dept, I will pay off from my personal savings over the years, my wife and friends who also serve as my business partners will pitch into help in case of any default, I believe that their wouldn't be a problem as far as paying back is concern because of my multiple streams of income and revenues.

My Business

I am into all sorts of businesses, the first one is green mountains: Ltd .
We are dealers in glosories, provisions, baby care , beauty and health, electricity and electronics ,men and women wear , electricity company of Ghana light vending, collection of Bill: water bill, light bill, money transfer services etc
I use my profit to support the orphans, homeless, and the vulnerable. And my family too. This company is dully registered and approved under the laws of Ghana to operate business.
The second one is: distance learning programs, helping the youth that are less privileged gain a sponsored admission to further their education, as such become great men and women in our society.
The third one is the Animals/ poultry farm which I started about three months now , I have the .small and medium size of pigs and the poultry as well.

Loan Proposal

I am a livestock farmer, and a member of this community, I need an additional loan to boost my livestock business, I currently have about 1957 birds and I have a lot of orders waiting for supply, but need to feed the birds for a few weeks more to be ready for sell.i am faithful in repayment, and will always remain faithful if given the loan.

Income Source

Repayment will never be a problem because I am also on time in my payment, so with or without the pandemic, I will repay back my loan because my business is the daily type that moves.my family and friends can also pay back on my behalf, or I can take money from my savings and repay back the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$740.50

Date disbursed

Feb 20, 2021

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $26.59

Credit risk payment: $106.48

Optional expediting fee: $53.18

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