Purchese and sales of drugs for veterinary use

Salihu Arimiyawu Sariki

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Salihu Arimiyawu Sariki

Location

Kumasi, Ghana

On-time repayments

321 weekly installments  •  92%

About Me

I will be 35 in December; i am the only male and last born child in a family of six children. As an ordinary Ghanaian child, been brought up in Muslim dominated area and by Muslim parents, I grew to become a good practicing Muslim. I started my basic education in an English and Arabic basic school in my neighbourhood, where i had a good foundation in circular education as well as good moral and religious values.
During my secondary education, all though innocent i became a victim of a demonstration that was staged by the student body against teachers. I was wrongfully accused of been one of the leaders of the demonstration and was therefore suspended indefinitely. Living with a poor and illiterate family, i found myself in a very hard and difficult situation. But i was very determined to achieve success in life which i know the best way to succeed in life is to be educated. But my parent could not afford to pay for my education any longer after the mess i created. I realized that i can make some money if I commercialize my hobby which is photography. Thanks to God with determination i am now a graduate.
As stated earlier on, i started my own business as a photographer because i needed to raise some funds to carter for my education, praises to God i am now a professional photographer as well as a Bsc marketing holder . Also last year, i decided to diversify in to livestock rearing and selling and the business looks promising if i can raise enough capital.
I live in Aboabo, a neighborhood within Asokore Mampong Municipal Assembly in Kumasi. A densely populated area, the people are mostly Muslims. The two major festivals that are celebrated in the area are Eid-Adha & Eid Fitr festival.
I have been blessed with four children two males and two females, the first child Arimiyawu who is nine years old was named after my father, he is in class three and wants to become a doctor in future. Zaliya is the name of my second child and so far the most brilliant of them all. She wants to become a lawyer in future.
My grandfather was a professional photographer and I have had a camera in my hand for as long as I can remember. When I have finished a portrait session, wedding, or an event, I not wait to get home, load the images on my computer and see what I have captured. Then I love going into Photoshop to make them even better and presenting them to the client. It’s such a thrill and so gratifying when they love their images.

My Business

I am into livestock business where I buy, raise and sell sheep and cows for a profit.
It is a known fact that as long as humans exist, there will always be need for food and the two major sources of food for mankind are crops and animals. This lead to an increase in the demand for meat products in this world. As well, i found it very rewarding when i started the business. One of the major reasons why the demand for sheep and cow is very high especially in my community is that, apart from sources of food for mankind, the people of my area who are dominantly Muslims use sheep and cows for their naming ceremonies, sacrifices during Edi-Adah festivals and many other occasions like marriage celebrations, funeral celebrations e.t.c.
My choice for Sheep and cow breeding and selling as a business is because, it is very lucrative and a profitable venture, more especially if you raise a good number of them but to do that needs much or high capital. However, for an entrepreneur to succeed in such a venture, patience is required as well as understanding the cycles of your business.
Costs and revenue of my Sheep and cow Production business include;
1) Establishment Costs: These are those costs that are associated with the establishment of a new or transitioning operation. Examples of establishment costs include: Purchases of livestock, fencing costs, watering system e.t.c.
2) Variable Costs: These are those costs that change directly with an increase or decrease in flock size example feeding and medication.
3) Fixed Costs: Fixed costs or overhead costs do not change as a result of an increase or decrease in acreage. Examples of fixed costs include land taxes, rent and rates.
With the production of sheep and cow, the revenue or return is mainly from the sale of the livestock.

Loan Proposal

During the course my business which is rearing and selling of livestock, I came to realised that livestock farmers spend a huge sums of money in buying veterinary medicine for their livestock. It is therefore my plan to use my nest loan to go in to that line of business which i have already made a contact with the local suppliers of these drugs. Example of such drugs include Bendazole suspension, Wamazole, Vitamin B. complex, Tylos, Iron, Multivitamin, Ivermectin etc. After talking to my contacts i got to realised that I need about 1000 to 1500 dollars to begin with.
This business is going to help me increase my revenue and also make me financially strong. It is also going to make these drugs accessible to my co farmers around my area of operations.
I am expecting my profit to increase by at least 20% and continue to increase as time goes on.
Thank you
Salihu Arimiyawu Sariki

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,089.78

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: 5% of $1,089.78 = $40.45

Credit risk payment: $161.80

Lenders

G

guenter

Bremen, Germany

S

Siegerman1

Portland, United States

W

Wade

United States

TH

tom hd

United Kingdom

Benjamin Kniaz

Boston, United States

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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