Purchase of grains and cassava stem cuttings
Samson
Bauchi, Nigeria
100% repaid
Entrepreneur
Name
Samson
Member since
July 2019
On-time repayments
44 installments • 30%
About Me
My name is Samson. I am a Nigerian, I am an entrepreneur and i also work in the aviation industry. I am into poultry farming, I hope to become a major player in the agricultural sector in the nearest future. My dream is to grow my business to become the biggest supplier of birds not just in Nigeria but in the West Africa region.
I have a passion for the aviation industry and I hope to invest in it. However this is rather a long term vision. I believe my experience as an aviation security will count when the time for massive investment comes.
My Business
I am into poultry farming as well as agriculture. I also have a reliable source of income being a staff at the airport.
I also have a small scale retail shop where I sell some commodities at retail price. This line of business really need massive investments.
Loan Proposal
Having tried out my hands in poultry farming and doing pretty well. I have decided to go into farming. I have cleared a couple of land by employing the services of labourers. These lands are now ready to be cultivated hence the need to buy seeds. I have decided to buy maize grains and cassava stem cuttings. The maize grains will be planted first followed by the cassava stem cuttings a couple of weeks later. I hope to make good returns at the end of the farming season.
Income Source
The Corona outbreak has dealt a host of businesses a blow but some of us are still able to get by one way or the other. I'm a poultry farmer as well as having a retail store. Restaurants and fast food joints have reopened and my poultry patronage has increased. I will be able to finance the proposed loan from my personal income from poultry.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$131.00
Date disbursed
May 26, 2020
Repayment status
On Time
Projected term
7 months
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