Expand my poultry farm

Linda Prempeh

Accra, Ghana

6% repaid

Entrepreneur

Name

Linda Prempeh

Location

Accra, Ghana

On-time repayments

216 weekly installments  •  88%

About Me

Linda Prempeh is my name; I was born on 14th December, 1983 in Akronpong in Ghana. My parents are Opayin Kwadwo Prempeh and Millicent Otwiwa. My father is a subsistence farmer and my mother a petty trader. I was the second child of my parents and the first girl; therefore, I helped a lot with household chores at the same time as schooling.

It was my mother’s desire and wish that I and my siblings go higher in education. However, there were financial difficulties at home, therefore the need that I also assist my parents in their subsistence farming and petty trading to raise additional money for family upkeep and for paying our school fees. I successfully excelled in my basic education certificate exams and entered secondary school. While schooling, I was still selling food items such as fish, secondhand clothing, etc. to earn extra income in supporting my parents. Excelling well in my secondary education, I gained admission into Accra Polytechnic, where I studied Higher National Diploma (HND) in Secretaryship and Management Studies. After my national service, I proceeded to the University of Cape Coast (UCC) where I studied for a bachelor’s degree in management (Hons).

After my degree, due to the lack of jobs, I ventured into poultry farming, where my own people were complaining that this is “no go zone for women.” Currently, for the past five years now, I have 2000 layers and 800 broilers with four permanent and three casual staffs.

My Business

My business plan is to expand my poultry farm and also employ additional hands.
Ghana is a peaceful nation, with a lot of hotels and restaurants, for which demand for poultry birds and eggs is high. Also, the demand for litters as a manure by farmers is high.

My poultry farm business is now the only source of income for the family. I am able to supply crates of eggs to the market women from Accra, Madina, Kaneshie, etc. and also poultry birds to hotels and restaurants in these areas and many others.

During the public holidays, demand for poultry products are high, more also during the raining season where many people stay indoors for many hours when demand for egg tea, coffee and other beverages are high. Hotels, companies, churches, individuals, etc. are demanding poultry birds for their clients, staff, and members as a gifts. Also, both live and dressed birds are in high demand by restaurants. With the farming season not too far, farmers also start looking for manure to fertilize their farms. I am expecting a very high demand for poultry products during the coming raining season (around May-November).

My interest in Zidisha loan is still as result of it's lower fees charge. I hope Zidisha team would approve and disburse this loan to enable me to increase the birds so as I can make a good profit in order to repay the Zidisha loan, pay my staffs and provide for my household.

Loan Proposal

Loan Proposal
I intend to invest the fund in my poultry farm business if approve and disburse to me. The following are some of the items I intend to use the fund to purchase.

1. Purchase 180 Bags of maize as poultry feed @ $ 670
2. Purchase drugs and vitamins for treatment @ $ 290
3. Buy new day old chick layers/broilers/guinea fowls @ $ 370
4. Pay for the water and light bill @ $ 140
5. Maintenance, labor, miscellaneous etc 135

In total, a loan amount of $ 1,605 for my poultry farm business. If granted this loan, it can help me keep the two employed permanent staffs at the farm, and one additional casual staff, till maturity stage of these

Income Source

The outbreak of Coronavirus pandemic in Ghana has lead to the closure of our borders, this has lead to temporary ban of the importation of foreign poultry products for domestic use. This has lead to high demand of locally produced poultry products.
This has lead to higher demand of my broilers and egg and this can help me repay my Zidisha loan when given.

Show original English  

About Me

Linda Prempeh is my name, Born on 14th December, 1983 in Akronpong in Ghana.
My parent is Opayin Kwadwo Prempeh and Millicent Otwiwa. My father is subsistence farmer and my mother a petty trader. I was the second child of my parent and the first girl; therefore I helped a lot with house hold chores at the same time schooling.
It was my mother’s desire and wish that I and my siblings go higher in education, however, there was financial difficulties at home, therefore the nee that I also assist my parent in their subsistence farming and petty trading to raise additional money for family up keep and for paying our school fees.
I successfully excel in my basic education certificate exams and entered Secondary school. While schooling, I was still selling food items such as fish, second hand clothing etc. to earn extra income in supporting my parent.
Excelling well in my secondary education, I gained admission into Accra Polytechnic, where I studied Higher National Diploma (HND) in Secretary Ship and Management studies. After my national service, I proceed to University of Cape Coast (UCC) where I studied for bachelor’s degree in management (Hons). After, my degree, due to lack of job, I ventured into poultry farming, where my own people were complaining that this is “no go zone for women”.
Currently, for the past five years now, I have 1500 layers and 1000 broilers with four permanent and three causal staffs.

My Business

My business plan is to expand my poultry farm and also employ additional hands.
Ghana is a peaceful nation, with a lot of hotels and restaurants, for which demand for poultry birds and egg is of high demand. Also, the demand for litters as a manure by farmers is also on high demand
My poultry farm business is now the only source of income for the family. I am able to supply crates of egg to the market women from Accra, Madina, Kaneshie, etc and also poultry birds to hotels and restaurants in these areas and many others.
During the public holidays, demand for poultry products are high, more also during the raining season where many people stay indoor for many hours, demand for egg tea, coffee and other beverages are high.
Hotels, companies, churches, individuals etc are demanding poultry birds for their clients, staffs, members etc as a gifts, and also to sale both live and dressed birds to restaurants is of high demand.
With the farming season not too far, farmers also would soon start looking for manure to fertilizer their farms.
Currently, I am expecting a very high demand for poultry products during the coming raining season ( around May-November). My interest in Zidisha loan is still as result of it's lower fees charge by the zidisha team.
I hope zidisha team would approve and disburse this loan to enable me increase the birds so as I can make good profit in order to repay the Zidisha loan, pay my staffs and provide for my household.

Loan Proposal

Loan Proposal
I intend to invest the fund in my poultry farm business if approve and disburse to me. The following are some of the items I intend to use the fund to purchase.

1. Purchase 180 Bags of maize as poultry feed @ $ 670
2. Purchase drugs and vitamins for treatment @ $ 290
3. Buy new day old chick layers/broilers/guinea fowls @ $ 370
4. Pay for the water and light bill @ $ 140
5. Maintenance, labor, miscellaneous etc 135

In total, a loan amount of $ 1,605 for my poultry farm business. If granted this loan, it can help me keep the two employed permanent staffs at the farm, and one additional casual staff, till maturity stage of these

Feedback

4

None

None

  • Joost    Dec 2, 2018

    Neatly repaid.

    Log in to reply • Share
  • Joost    Apr 14, 2018

    Neat on time repayments. Great status update.

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    • Linda Prempeh    Apr 16, 2018

      Joost, thank you very much for your good words of encouragement. God bless you.

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  • Margaret    May 29, 2017

    Linda paid off her loan early and was a pleasure to work with. I would gladly lend to her again and encourage others to do the same.

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    • Linda Prempeh    Apr 16, 2018

      Margaret, thank you very much. I'm always grateful to you all for your good work of support.

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  • Dean Suminski    May 29, 2017

    Congratulations on paying off your loan. More chickens, more chickens.

    Log in to reply • Share
    • Linda Prempeh    Apr 16, 2018

      Dean, thank you. Yes, there are more chickens. I wish you are in Ghana for some chickens

      Log in to reply • Share


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Loan Info

Disbursed amount

$1,657.23

Date disbursed

Jun 27, 2020

Repayment status

Late

Projected term

15 months

Cost to entrepreneur

Service fee: 10% of $1,657.23 = $153.49

Credit risk payment: $230.41

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