Hello house,

I require a 'counterpart-funding loan' of about 750k naira to finance a 1M naira, 5 hectare paddy-rice project .

do u knw that u can get loan from BOI (bank of industry)....If u are interested I can link u with someone who works in the Kaduna branch to give u the breakdown how u can go about it.

wajaja:
do u knw that u can get loan from BOI (bank of industry)....If u are interested I can link u with someone who works in the Kaduna branch to give u the breakdown how u can go about it.

Ok, i would like that very much. please go ahead and link me up

BMusdapha:


Ok, i would like that very much. please go ahead and link me up

this is the guy phone 07067324459.....call him.... he will give u the breakdown how to go about it. just tell him from lekan.

wajaja:


this is the guy phone 07067324459.....call him.... he will give u the breakdown how to go about it. just tell him from lekan.

Thanks, would do that in the morning

That's the spirit. Good luck, man.

BMusdapha:
Hello house,

I require a 'counterpart-funding loan' of about 750k naira to finance a 1M naira, 5 hectare paddy-rice project in Demsa LGA, Adamawa State, starting October this year, 2017.

I am willing to pay up to 40% interest on the loan sum at the end of harvest, in 4 months time, starting from the time the project commences in October.
In addition, I am willing to offer my first degree certificate (in Mech Engr) as well as my NYSC discharge certificate as neo-collateral for the funding.
I am also willing to arrange for at least two (2) farm visits before the dry-season farming ends, on my account (travel and accommodation).

Any willing investor can reach me via this email address stsctcadat@gmail.com or through whatsapp on +2348168063192.

I look forward to hearing from ya'all.
Cheers

What abt partnership?
08038144685 Watapp

Good evening Nairalanders,
Still open to suggestions and offers,.. do keep them coming
NO idea should be made to waste

Goodluck you

Happy Sunday people,

Its been one(1) week since i made this post, and I am thankful to all who have suggested, contributed and even offered to partner with me.

In the next 5days, the project should kick-off (thankful about that). I hope this large community would be very much around when we come to share our success stories/lessons in a bit

Thanks to everyone again!

So, over the weekend, I met and heard from some important people on this thread...

As a result, I will be making an important update when i return from my farm later this evening

Ya'll do have a great day ahead

Cheers!

Sorry to all who have been expecting this piece, I know it took a little too long.

Here is a detailed break-down of the project cost projection and others. Yield estimate is pegged at 100bags per hectare (from my previous attempt using a hectare)

Unless otherwise indicated, all monetary figures are in Nigerian naira (NGN)

The whole operation has been split into three phases
1. Pre-planting operations
2. Farming proper
3. Harvest/marketing

Below are the cost estimates involved

1. Pre-planting operations

Land lease 5hectares 25,000
NPK and Urea (mixed) 20bags 160,000
Chicken and goat excrement 25bags 75,000
Sinking of shallow boreholes 5 boreholes 50,000
Fittings for the boreholes 5boreholes 20,000
Water pumps 3pumps 75,000
Rice seedling 10 bags 25,000

Sub-total 430,000

2. Farming Proper

Transplanting of seedlings (25persons,14 working days) 98,000
Fuel for Irrigation (5pumps 8hours daily 40working days) 97,875
Weeding (25persons 10working days) 40,000
Fertilizer/manure application (25persons 3working days) 10,000
Security (2people, 2months) 20,000
Miscellaneous expenditure 150,000

Sub-total 415,000

3. Harvest/Marketing

Cutting 50 decametres squared 35,000
Packing 50 decametres squared 5,000
Threshing 200NGN per bag(using projected yield figure) 100,000
Winnowing/Bagging (using projected yield figure) 150,000
Transportation to SALES point (using projected yield figure) 175,000

Sub-total 465,000

GRAND TOTAL 1,310,000 NGN


Get in touch with me

080,96037229

Passing shots

1. All price estimates and yield projections quoted here are SOLELY peculiar to my locale, prices may differ from other parts of the country

2. The purpose of this detailed write-up is for the sake of skeptical but willing investors who want more than just a plan. They need specifics

3. Regardless of how things go (regarding investors), i plan on taking my first step this weekend, since the journey of a thousand miles must begin with a step

4. The prospects are good enough (I tried out a hectare before), and this cud do some magic for everyone involved

5. Get in touch with me 080,96037229

Best Regards, everyone!

So how successful did this endeavor become?

It did well,...…...I have one more season to go, before chronicling everything I have learnt and achieved via the endeavour. My next major post on the thread should be July 2020.

I'm off season now and on vacation. Hope you are good @Obinnau?

BMusdapha:
It did well,...…...I have one more season to go, before chronicling everything I have learnt and achieved via the endeavour. My next major post on the thread should be July 2020.

I'm off season now and on vacation. Hope you are good @Obinnau?

alright, I will await the post.
I am good bro. And well done on the initiative, I know it's not easy, I have been there too, though I didn't quite pull through with mine.