Loan to expand my poultry and vegetable farm
Micheal
Bimbago, Ghana
1% repaid
Entrepreneur
Name
Micheal
Member since
October 2016
On-time repayments
114 installments • 6%
About Me
My name is Michael Fuonin, a native of bimbago in the northern region. I am the first of seven children an am currently studying HND agricutural engineering in Bolga Polytechnic. Currently am working with Sebteck communications, a recharge card dealer in Bolga. i use my monthly salary of 100 cedis to finance my vegetable farming and poultry farm from which i support myself and my siblings through school and daily responsibilities.
My Business
I own and manage a vegetable and a poulrty farm of about 200 birds. i use the droppings and litter from the birds to fertilize my vegetable farm in order to reduce cost of buying fertilizer. on daily basis am able to collect 7-10 crates of eggs which i sell out to purchase feed as well as other equipment to support my business and my family. due to the expensive nature of meat, most people have resorted to buying eggs in order to supplement the daily protein requirement.
my level of expertise in agriculture necessitated my choice of business so that i can apply my knowlege to help myself and my family.
i also produce and sell carrot and pepper through irrigation for sale.
I use some of the income to buy insecticides, fungicides and pesticides and also use some to pay for hired labour both the vegetable and poultry farm respectively.
i also save my pprofits, reinvest some in my business and also use some to pay my school fees and that of my siblings.
Loan Proposal
With a loan of 534 GHS, i will spend 270 GHS to buy 100 day old chicks (layers ) layers for my farm. I will also use 120 GHS to buy amprocox, a coccidiostat and other medical supplies for my farm and I will also buy feed word 130 GHS for my birds whiles the rest will cater for other emerging cost with time.
I anticipate a profit of 300 GHS and as an entrepreneur, my focus is to grow my business so i will reinvest 175 GHS to buy 50 more birds and 100 GHS to lease more land for my vegetable farm. the remaining profit will go a long way to keep my family in a lot of ways
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$131.00
Date disbursed
Dec 21, 2016
Repayment status
Late
Projected term
24 months
Other loans
Lenders
San Francisco, Netherlands
United States
United States
Summary
Amount repaid
$0.73
Amount remaining
$130.27
Expected completion
Jan 19, 2019
Status
Repaying late
Installment amount
$1.22
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 31, 2016 | $0.73 | Dec 23, 2016 | $0.73 |
| Jan 7, 2017 | $1.22 | ||
| Jan 14, 2017 | $1.22 | ||
| Jan 21, 2017 | $1.22 | ||
| Jan 28, 2017 | $1.22 | ||
| Feb 4, 2017 | $1.22 | ||
| Feb 11, 2017 | $1.22 | ||
| Feb 18, 2017 | $1.22 | ||
| Feb 25, 2017 | $1.22 | ||
| Mar 4, 2017 | $1.22 | ||
| Mar 11, 2017 | $1.22 | ||
| Mar 18, 2017 | $1.22 | ||
| Mar 25, 2017 | $1.22 | ||
| Apr 1, 2017 | $1.22 | ||
| Apr 8, 2017 | $1.22 | ||
| Apr 15, 2017 | $1.22 | ||
| Apr 22, 2017 | $1.22 | ||
| Apr 29, 2017 | $1.22 | ||
| May 6, 2017 | $1.22 | ||
| May 13, 2017 | $1.22 | ||
| May 20, 2017 | $1.22 | ||
| May 27, 2017 | $1.22 | ||
| Jun 3, 2017 | $1.22 | ||
| Jun 10, 2017 | $1.22 | ||
| Jun 17, 2017 | $1.22 | ||
| Jun 24, 2017 | $1.22 | ||
| Jul 1, 2017 | $1.22 | ||
| Jul 8, 2017 | $1.22 | ||
| Jul 15, 2017 | $1.22 | ||
| Jul 22, 2017 | $1.22 | ||
| Jul 29, 2017 | $1.22 | ||
| Aug 5, 2017 | $1.22 | ||
| Aug 12, 2017 | $1.22 | ||
| Aug 19, 2017 | $1.22 | ||
| Aug 26, 2017 | $1.22 | ||
| Sep 2, 2017 | $1.22 | ||
| Sep 9, 2017 | $1.22 | ||
| Sep 16, 2017 | $1.22 | ||
| Sep 23, 2017 | $1.22 | ||
| Sep 30, 2017 | $1.22 | ||
| Oct 7, 2017 | $1.22 | ||
| Oct 14, 2017 | $1.22 | ||
| Oct 21, 2017 | $1.22 | ||
| Oct 28, 2017 | $1.22 | ||
| Nov 4, 2017 | $1.22 | ||
| Nov 11, 2017 | $1.22 | ||
| Nov 18, 2017 | $1.22 | ||
| Nov 25, 2017 | $1.22 | ||
| Dec 2, 2017 | $1.22 | ||
| Dec 9, 2017 | $1.22 | ||
| Dec 16, 2017 | $1.22 | ||
| Dec 23, 2017 | $1.22 | ||
| Dec 30, 2017 | $1.22 | ||
| Jan 6, 2018 | $1.22 | ||
| Jan 13, 2018 | $1.22 | ||
| Jan 20, 2018 | $1.22 | ||
| Jan 27, 2018 | $1.22 | ||
| Feb 3, 2018 | $1.22 | ||
| Feb 10, 2018 | $1.22 | ||
| Feb 17, 2018 | $1.22 | ||
| Feb 24, 2018 | $1.22 | ||
| Mar 3, 2018 | $1.22 | ||
| Mar 10, 2018 | $1.22 | ||
| Mar 17, 2018 | $1.22 | ||
| Mar 24, 2018 | $1.22 | ||
| Mar 31, 2018 | $1.22 | ||
| Apr 7, 2018 | $1.22 | ||
| Apr 14, 2018 | $1.22 | ||
| Apr 21, 2018 | $1.22 | ||
| Apr 28, 2018 | $1.22 | ||
| May 5, 2018 | $1.22 | ||
| May 12, 2018 | $1.22 | ||
| May 19, 2018 | $1.22 | ||
| May 26, 2018 | $1.22 | ||
| Jun 2, 2018 | $1.22 | ||
| Jun 9, 2018 | $1.22 | ||
| Jun 16, 2018 | $1.22 | ||
| Jun 23, 2018 | $1.22 | ||
| Jun 30, 2018 | $1.22 | ||
| Jul 7, 2018 | $1.22 | ||
| Jul 14, 2018 | $1.22 | ||
| Jul 21, 2018 | $1.22 | ||
| Jul 28, 2018 | $1.22 | ||
| Aug 4, 2018 | $1.22 | ||
| Aug 11, 2018 | $1.22 | ||
| Aug 18, 2018 | $1.22 | ||
| Aug 25, 2018 | $1.22 | ||
| Sep 1, 2018 | $1.22 | ||
| Sep 8, 2018 | $1.22 | ||
| Sep 15, 2018 | $1.22 | ||
| Sep 22, 2018 | $1.22 | ||
| Sep 29, 2018 | $1.22 | ||
| Oct 6, 2018 | $1.22 | ||
| Oct 13, 2018 | $1.22 | ||
| Oct 20, 2018 | $1.22 | ||
| Oct 27, 2018 | $1.22 | ||
| Nov 3, 2018 | $1.22 | ||
| Nov 10, 2018 | $1.22 | ||
| Nov 17, 2018 | $1.22 | ||
| Nov 24, 2018 | $1.22 | ||
| Dec 1, 2018 | $1.22 | ||
| Dec 8, 2018 | $1.22 | ||
| Dec 15, 2018 | $1.22 | ||
| Dec 22, 2018 | $1.22 | ||
| Dec 29, 2018 | $1.22 | ||
| Jan 5, 2019 | $1.22 | ||
| Jan 12, 2019 | $1.22 | ||
| Jan 19, 2019 | $0.73 | ||
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