Name
Allan
Member since
July 2015
On-time repayments
38 installments • 34%
I am a businessman and a small scale farmer too
Currently working in an IT firm and doubling it up with agriculture (cash crops) and chicken rearing for my day-to-day business to support my family too.
I am therefore applying for this loan to strictly help me acquire more materials for my businesses and my farm.
I started my business way back in 2012 and despite some struggles in the beginning I was able to stabilize more so because of this platform and am managing well at the moment.
Poultry farming and mixed farming.
I am venturing in rearing birds on my farm - mostly chicken and planting cash crops (for sale and use at home)
Currently I wish to expand the poultry house to accommodate more birds (chicken) for the upcoming holidays.
I will use the loan to buy more heads of chicken and seeds for my far too; considering we are heading into a season where the demand will be relatively high plus also putting into considering that I now have a wide client base hence high consumption.
I will equally use the loan in the following manner:-
19.43 Dollars for buying a variety of new seeds for my farm.
9.71 Dollars for planting labour and farm toiling expenses.
29.14Dollars for buying more heads of chicken.
9.71 Dollars for expanding and renovating the chicken house.
14.57 Dollars for purchasing chicken feeds and medicine product for my chicken.
4.86 Dollars for purchasing fertilizers for my farm.
6.34 Dollars for miscellaneous expenses like transport costs e.t.c
The benefits will be creation of sufficient supply of vegetables and chicken meat and products to my client base.
I expect an increase of close to 194.27 Dollars
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Oct 10, 2015
Repayment status
On Time
Projected term
5 months
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