Loan to buy three additional cattle to my livestock

Nicholas

Techiman B/a, Ghana

100% repaid

Entrepreneur

Name

Nicholas

Member since

October 2015

On-time repayments

134 installments  •  62%

About Me

I joined the Zidisha family in 2015 when I was 22 and still in school. Series of loan from the group has really helped me mostly in my education through the University as well as my business. My 1st and 2nd loan was geared towards my education. I then started a cattle rearing business with my 3rd loan from zidisha. I am currently an employed accounts officer in one of the biggest roofing companies in Ghana. I can also boast with more than 10 cattles from my animal farming business which is a part time work

My Business

My interest in animal farming at a tender age didn't die down as I made it a reality with the help of Zidisha. I started 3 calves in July 2017. As I speak, I have 16 cattles in my farm. I reserve some times from my busy work schedules to manage my farm. I wish to acquire additional cattle there by multiplying my livestock before December 2018. My only challenge is providing enough feed for them. Cattle rearing in Ghana is now profitable. A calf may be acquired for $150 and then later be sold for not less than $600 when they mature. That is about 400% increase in value. This has really boost my interest in taking this business to the next level.

Loan Proposal

I am requesting for a further zidisha loan to buy 3 additional calves and feeds for my stock. I have been able to construct a better structure for the existing stock with enough space for extra stock. I wish to expand this business in a gradual but speedy way. I will repay the loan from my monthly salary as an accounts officer. I will also do my very best to give this cattle business a firm grounding.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$274.00

Date disbursed

Nov 13, 2017

Repayment status

On Time

Projected term

9 months

Lenders

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

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