Inventory for poultry feed and veterinary services

Nelson

Accra, Ghana

34% repaid

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How it Works

Entrepreneur

Name

Nelson

Member since

May 2014

On-time repayments

171 installments • 25%

About Me

ABOUT MYSELF
My name is nelson Ahaikonu from the Volta Region of Ghana. I reside in Madina, a suburb of Accra the cpaital of Ghana and it has a convergent of all the tribes making it a beautiful atmosphere to enjoy the differences in the variouse ethnic groupings.The indigenes of The Greater Accra are called the The Ga's and they are predominantly Fishermen, they are very kind people and have a unique dance call Kpanlogo which is perculiear to tribe only. I have a degree in Banking and Finance from the Methodist University College. I am currently a poultry farmer and my hobbies include listening to news and surfing the internet for current trend in marketing and business strategic application from leading mentors (wealthy) for my business development and enjoy singing. My interest grew for this as a result of what I saw happen in the Military Barracks from my Dad, where every soldier was encourage to have his backyard farming and it was a beautiful sight to behold when you visit the farm. Feeling unfulfilled in my previous work propel me to actually start this couple with a business plan competition I partook in and place 5th was really a turning point in my life. The money from the operation goes into purchasing inputs like day old chicks, feed, medicines are just a few of what I buy to keep the business running smoothly.

My Business

ABOUT MY BUSINESS
Layer production for eggs is what I do as the demand for eggs is huge from the table top food vendor to the restaurant are all demanding eggs for various delicacies. During festive season I do few Broilers for meat. The company was initially started as a hobby. Considering the prospects of the business and industry as a whole, which was informed by the persistent and continuous growth in demand for poultry products, Ghana poultry imports have more than tripled in the past few years as Ghana's domestic poultry sector continues to decline and can only supply around 10 percent of poultry demand in the country. This has actually made the business enjoy fair advantage. The non-existence of competition in operating jurisdiction is an added strength to my operations. The major threat of business in this venture has to do with rapid increases in prices of its inputs especially feed and medication/vaccines. The possible outbreak of disease in the poultry house is another threat. Apart from my product being wholesome, flexible credit policy is also what keeps my customers to me, as I have daily, weekly and monthly policy. I seek to expand my production capacity and increase output by 60% next year and so it is imperative to keep the business on sound footing as well as my customer base hence the need for the Loan. My typical cost is based on the feed which $650 and other overhead cost $300 . Christmas is acually the period i make profit over and above 100%,It actually takes 6 months for the birds to start laying eggs so production must start ahead of time and so i have to buy Day old chicks , feed , and medication especially must be bought to start the production process.The profit from my business basically goes into reinvestment in growing the business and helping few friends who are in financial crises. I will be supporting my partially adopted daughter who still lives with father but have helped her complete her secondary education awaitint to further her educationto the tertiary level from my profit as i have a small savings for her in that direction.

Loan Proposal

Th is laon when honoured will basically be used to buy feed for the poultry as they are at the laying stage so adequate and timely feeding should be adhere to strictly to make best right eggs, Also veterinary services will be paid for and fuel for the generator and other miscellanous.
Feed for layers= $650
Veterinary service=$50
Fuel for generator=$100
New Feeders=$50
miscellanous=$100
Upon ingecting this money into the business, it will help me maintain the correct ration and be ready for any eventualities and make more profit. The profit from this will also her me support my partially adopted daughter to further her tertiary eduaction. i expect my profit to inrease by 75% averagely.