Raising livestock (chicks)

Victor Ogundiran

Ibadan, Nigeria

100% repaid

Entrepreneur

Name

Victor Ogundiran

Location

Ibadan, Nigeria

On-time repayments

90 weekly installments  •  100%

About Me

My name is victor Ogundiran. Am excited joining this community. I reside in Ibadan. My farm is located at Akinyele local government Oyo state. I also operate a buying and selling point not far from the farm.

My Business

I produce dayold Turkey poults for sale every week. And I also sell mature table size broilers and Turkey. I also have a store not far from the farm where I sell farm produce like garri in bulk, yam flour also in bulk. I sell to retailers who go and resell.
I am a graduate B.Sc Agric university of Ibadan with specialisation in animal science. The main costs is the purchase of dayold chicks, purchase of feed and drugs. The revenue is from the sale of 4weeks old broilers a nd 6 weeks old Turkey and day old turkey poults.
The profit is used for children expenses in school and taking care of the home. while a part is also plowed back into the business.

Loan Proposal

If this loan is approved,I intend to use it to support the feeding of my Broiler chicks. Feeding is a major cost in Broiler production and it is where much of the capital expenditure goes . Feeding cannot be compromised in Broiler production because it determine the outcome of the enterprise. As it is often said the way you lay your bed so you lie on it . Broiler as a species are fed ad-libitum for good result.

Income Source

I thank God that I have always been able to pay my loans as at when due even during the lockdown. I sell 4 weeks old Broiler every week and I have a retail stand where I display and sell. A 4 weeks Broiler now sells for 800 naira and I do sell more than 20 in a week. My stand is already known by customers because I always stock it so there is regular demand for the product. Moreso people are buying now in preparation for the coming muslim festival.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$151.67

Date disbursed

Jun 11, 2021

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $7.58

Credit risk payment: $22.75

Optional expediting fee: $15.17

Lenders

OlyRhys

Olympia, United States

J

jerryq

Redding, United States

M

markus61

cologne, Germany

Frank Termathe

Frankfurt Main, Germany

Robert

Sweden

JD

Jeff DePree

United States

Carla

Amsterdam, Netherlands

James Douglass

Sydney, Australia

Ask Victor a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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