Entrepreneur
Name
Raphael
Member since
July 2015
On-time repayments
89 installments • 85%
About Me
My childhood has been a struggle to survive since l am ninth born. I have to do a lot of work from weeding on peoples farms for a fee to selling food staffs to support my mother who was more or less a single parent. I walked for miles to school from basic level to the Junior high school and even at Tertiary I have to be a house help to earn money to support myself but in all these I was able to have Tertiary education because I did not give up hope of becoming independent by working and studying hard. I started this farm from savings made during the time I was teaching as service personnel. I was finding it difficult to get job in public service and a student I thought introduced me to pig farming by lending me three piglets to start with in agreement that when they females deliver I will pay it back with three piglets. That is how it all started.
My Business
I sell piglets and boars because it of high demand especially piglets for starters in pig farming. It is more profitable because I used GH cedis 600 for live stocks and feed, and at the end of half of the year earn at least GH cedis 2,200 as my net profit. With this that I use to pay for my rent, children school fees and pig feeds for the next season which I must say takes bulk of my profit.
With help of Zidisha now I have moved my business to the next stage of given piglets to young needy Junior High School final year students who are interested in pig farming as a way to set them up to earn money to continue their education. I give beneficiaries three piglets for a start only to repay me with the same number of piglets after eighteen months. It is my hope that with Zidisha on board I can help the first identified young up coming Junior High School Graduate to start with feed been added to the piglets I give.
Loan Proposal
The loan will be used to buy following for feed preparation:
1. Salt $2.50
2. 2 bags of milled maize grains $10.60
3. Wheat bran $10.60
4. Pig vitamins $ 5
5. Feed phosphate $ 10
6. Soybean meal $27.50
7. Oil seeds extracts $7.50
8. Copra cake $ 15
This loan when received will help increase my disposable income as it going to help my profit to increase. With this I will be able to start my housing project and also the loan will help me to breed more pigs especially piglets for starters and this l am expecting to double my profit from at least GH cedis 2,200 to 4,000
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 29, 2015
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Summary
Amount repaid
$113.00
Amount remaining
$0.00
Date repaid
Jan 27, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $7.50 | Aug 9, 2015 | $7.50 |
| Aug 16, 2015 | $7.50 | Aug 9, 2015 | $0.25 |
| Aug 16, 2015 | $7.25 | ||
| Aug 23, 2015 | $7.50 | Aug 29, 2015 | $7.50 |
| Aug 30, 2015 | $7.50 | Aug 30, 2015 | $7.50 |
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $2.50 | Sep 24, 2015 | $2.50 |
| Oct 4, 2015 | $2.50 | Sep 24, 2015 | $2.50 |
| Oct 11, 2015 | $2.50 | Oct 12, 2015 | $2.50 |
| Oct 18, 2015 | $2.50 | Nov 2, 2015 | $2.50 |
| Oct 25, 2015 | $2.50 | Nov 2, 2015 | $2.50 |
| Nov 1, 2015 | $2.50 | Nov 2, 2015 | $2.50 |
| Nov 8, 2015 | $2.50 | Nov 2, 2015 | $2.50 |
| Nov 15, 2015 | $2.50 | Nov 17, 2015 | $2.50 |
| Nov 22, 2015 | $2.50 | Nov 23, 2015 | $2.50 |
| Nov 29, 2015 | $2.50 | Nov 29, 2015 | $2.50 |
| Dec 6, 2015 | $2.50 | Dec 7, 2015 | $2.50 |
| Dec 13, 2015 | $2.50 | Dec 14, 2015 | $2.50 |
| Dec 20, 2015 | $2.50 | Dec 24, 2015 | $2.50 |
| Dec 27, 2015 | $2.50 | Dec 24, 2015 | $2.50 |
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $7.50 | Jan 5, 2016 | $7.50 |
| Jan 17, 2016 | $7.50 | Jan 5, 2016 | $7.50 |
| Jan 24, 2016 | $7.50 | Jan 5, 2016 | $7.50 |
| Jan 31, 2016 | $7.50 | Jan 5, 2016 | $7.50 |
| Feb 7, 2016 | $7.50 | Jan 16, 2016 | $7.50 |
| Feb 14, 2016 | $10.50 | Jan 27, 2016 | $10.50 |
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