To purchase day-old chicks

Benedict

Adoato, Ghana

23% repaid

Entrepreneur

Name

Benedict

Member since

July 2015

On-time repayments

160 installments  •  71%

About Me

I grew up in Adoato a suburb of Bantama in Kumasi in the Ashanti region, been raised by a single parent with two brothers and a sister. I started my primary education at St Anthony R/C at Bantama and completed my JHS education at 2 Brigade basic School. I furthered on to Kumasi Academy Senior High School with grade 12. After my secondary education I pause for two years to work to get some money for my tertiary education. I furthered on to Kumasi polytechnic now kumasi Technical University and did Accountancy. After my national service I save the little allowance to start a little poultry farm. I was very focus with my education since i knew that was the only chance to break the poverty cycle. with a backyard home land I have manager to start a poultry farm out of my national service allowance and the amount I earn from my salary as a government worker. Ghana is very rich in culture as we have a large or variety of tribes or ethnic groups in ghana. as an Asante we have land rich with minerals and fertile for farming been blessed with a alot of rivers and a natural lake. my child want to become a politician in the future to change the ideology of the African politician. A better person for Africa. I like football alot, as from infancy I enjoy playing football a lot.

My Business

I am a poultry farmer and as well as a government woker. poultry farming in Ghana is very lucrative in Ghana. the eggs produce by the chicks have a very high demand. the faces are bought by cocoa farmers to use as manure. the chicks after two years are sold which also have a high demand. poultry farming is very good business which grows up fast if only you have the capital to buy the inputs. it is very demand as very home take in egg and chicken. since childhood I love animal farming and I also had the opportunity to work for a poultry farmer which gave me the needed experience to work as a poultry farmer. i choose this kind of job because I love the work and also have the needed experience require for the work. the revenue a get from the farm is p lough back to the business and part also planing to go into maize farming as is the main input for the chicks. I plan to pay the loan from my monthly salary earn at my place of work , so that the amount I earn from the poultry farm can be use for expansion purposes.

Loan Proposal

I will start by thanking very body on board of the zidisha for this dream a reality. Little by little my poultry farm is increasing. I have even attach an onion farm to it. The new loan am taking will allow me to purchase new day old chick to my poultry farm. This cost 1.5dollars in Ghana. This Will allow me to purchase about 500 new day old chicks to add up to already existing ones. This will increase my profit thereby adding a new staff to the farm.
This also increase my profit margin by 20 percent more.
Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$743.00

Date disbursed

Jul 13, 2018

Repayment status

Late

Projected term

9 months

Lenders

MarktheMormon

Sandy, Utah, United States

roark22

Geneva, Switzerland

Vratik Krocik

Prague, Czech Republic

Emily

San Francisco, United States

E

EJOBIV

United States

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