Entrepreneur
Name
Peter
Member since
April 2015
On-time repayments
173 installments • 79%
About Me
I was born in a family of five as the first born,I went to primary school through Collage,I din't go to a nice Collage because of school fees and my siblings,After collage i started a church with the principle that i would not get any money from it but support it,i lost all my friend , but now people who are joining us are growing in many ways, in business I started farming when i was very young and was inspired by my Grandfather,I raised chicken which paid my school fees,and had some left for my pocket money,Because of the passion in farming ,I live in a culture where people depend on farming ,but the don't do it smart,and i want to be a solution and let them know and see that farming is business,not just a way of life.
My Business
After venturing into mixed farming afew years ago I can see the fruits of my labor. I started with poultry the moved to dairy cows,and all this has been through Zidisha. Now I have 500 layers and another 250 chicks to replace the layers once they are old in the next six months. I then bought some. Dairy cows venturing into production of milk I have three and four haifers and thee bulls. From these. I am able to pay school fees and support my family and the less fortunate in the community. This loan iam applying today I want to raise ten young bulls for butcher at the end of the year a will be buying them for seven thousand fatten them and sale the after a year for 40k.my strategy is for the current project the chickens and cow pay for the bulls. From which I plan to buy land at the end of the year after selling them and borrowing another loan. Thanks Zidisha.
Loan Proposal
With the proposed amount i want to by and incubator to hatch the eggs that i get from the farm.The small incubator goes at 300 dollars and this will hatch between 60-100 eggs per three weeks,The remain 50 dollars i will buy a brooder to keep the chicks.With this available i will increase my profit since i will not only be selling eggs or chickens but also selling chicks to other farmers at 1 dollar per one a day old chick.With all this is set i will make a profit of 7 dollars daily on additional to current profit.with this increment to my income i will be able to pay my loan on time and expand the farm by bringing in other varieties of animals and birds,which is my next plan.Thanks Zidisha for making my Dream come true.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$352.00
Date disbursed
Nov 3, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Taiwan
United States
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