Loan to start mushroom production

Kossonou Yao

Kumasi, Ghana

28% repaid

Entrepreneur

Name

Kossonou Yao

Member since

August 2015

On-time repayments

226 installments  •  54%

About Me

My name is Kossonou Yao, i come from a small town in the Ashanti region of Ghana called Mampong. i am from a family of three children of which i am the eldest. i am a married man with three kids. i went to Kumaca senior high school to attain my Senior high school certificate. i also went to Garden city Univesity to attain my Degree in Business studies certificate. i am now living in Kumasi Breman, i started poultry farming in the year 2004 which i did not find it easy and passed through some hardship and with this hardship i continued to do the farming .My profits allow me to better support the needs of my family . Always learning new methods about my profession is my favorite sport.

My Business

My business is poultry farming . there is a high demand for birds and eggs, i have the competitive advantage over the others but since i have less equipments and low income to purchase the required medicine i am only able to rear a few. i provide my town with quality birds and eggs and also i employed two workers initially but to cut down cost i have maintained only one for the mean time . i chose this business because its my passion and i love doing it. My typical cost is the feed and i use the profit i gain to support my children tuition fees and also use some to take care of my family. i also reinvest in growing the poultry farming. i plead the Zidisha lenders to come to my aid so that i can continue this business in order to support my family, since i'm the bread winner.thank you.

Loan Proposal

As the adage goes that don’t put all your eggs in one basket, and it was once stated at Zidisha Blog, I have been searching and planning on another project I can add to my poultry business. A friend and a member of Zidisha introduced me to Mushroom Production. I have learn about it on internet and have visited a mushroom production center. The center is at Techiman in the Brong Ahafo Region of Ghana. It is the mushroom production center for the whole West Africa with sponsorship from USDA and others. I have taken time to learn how it is done, where to get materials etc.
I am now interested in it and want to add it to my poultry business but it needs capital. I am now seeking for another loan of $2920 .00 so that I can start the production. If I am able to start it, it will raise my income level, create job for others and provide food for many. Speaking of the quick financial profitability of mushroom someone said :( this is a hot cake. Another to add is a fast food.)
Thank you my Lenders thank you Zidisha Team.

Feedback

4

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  • Mary    Jan 25, 2018

    Once again, an excellent borrower!!!

    Log in to reply • Share
  • Mary    Oct 25, 2017

    Kossonou Yao is a model Zidisha Borrower. I would highly recommend funding any future loans for him!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,964.13

Date disbursed

Nov 13, 2017

Repayment status

Late

Projected term

28 months

Cost to entrepreneur

Service fee: $80.65

Lenders

G

guenter

Bremen, Germany

melissapmeier

United States

Richard

Shrewsbury, United Kingdom

Thomas

Sweden, Sweden

roark22

Geneva, Switzerland

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

Katja

Switzerland

TL

Tao Luo

United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

J

JB

Germany

AK

Adam Kazwell

United States

DO

Denis Ontiveros

Guildford, United Kingdom

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