THROUGH THE SUPPORT FROM REP, I HAVE BEEN ABLE TO PURCHASE A FEED MIXING MACHINE: THE JOURNEY OF MR. KORANTENG IN THE POULTRY BUSINESS
“I’m a satisfied about the level of progress now and I’m sure you can witness firsthand that life is okay for me. I am very happy now with little burdens as compared the days when I used to produce at small scale compared to the current rate of production”. With these encouraging statements, Mr. J.A. Koranteng, a client of the Nkawkaw BAC, walks us down his pivotal presence with REP’s assistance.
Mr. Koranteng of J.A. Koranteng Farm and Feed and the Kwahu West BAC’s way cross in 2013 after the Municipal had been selected to indeed execute REP. The BAC was sensitizing Local Business Associations (LBA’s) within the municipality when they met Mr. Koranteng, who was a member of the Poultry Farmers Association, took an interest in the good news that the BAC was preaching. Consistent with his goals, things have ended up useful for him. Through the BAC’s help has seen his profit from his poultry business increased by somewhere around 400 percent. “I used to make GH¢ 4,100 from my business when I was mixing the feed manually. In any case, today I make benefit in abundance of GH¢16,400. monthly”.
Before having an encounter with REP through the BAC, Mr. Koranteng had 600 birds in his farm, and also was producing poultry feed on a small scale. Poultry feed was mixed manually, through the use of shovel. He was able to produce a half tonnage of feed (10 bags) daily. He had employed two people working on his farm.
In 2016, Mr.Koranteng began a relationship with REP that has helped to improve his business, income and livelihood. He has benefitted from training programmes in business management and financial management. Again, he as also benefited from Community based training in Poultry rearing. Be that as it may, his most noteworthy gift from the relationship with REP has been the loans he had received under the Rural Enterprises Fund (REDF) component under the programme.
Mr.Koranteng expressed the desire to expand his poultry feed business. With support from the BAC, He approached the Mumuadu Rural Bank, a participating financial institution of REP, for financial support to acquire the feed mixing machines. He was given a loan of Twenty-five thousand Ghana Cedis (GH¢ 25,000.00) under the Programme’s Rural Enterprises Development Fund. He was again, supported to access another loan of Thirty-five Thousand Ghana Cedis (GH¢35,000.00) from the same bank to support him as working capital.
Today, Mr. Koranteng is able to produce 2 tonnage (40 bags) of poultry feed daily. He has also increased the birds from 600 to 1400. He has also hired additional workers making a total of five workers. “Through the Support of REP, I have been able to purchase a feed mixing machine at a cost of Eighteen Thousand Ghana Cedis (GHȻ18,000.00). This has helped me increased the production of poultry feed and the number of birds that I am currently rearing. The birds produce an average of thirty crates daily. I now supply poultry feeds to farmers within and outside my district. Proceeds from the poultry business have been used to pay my children’s school fees and other expenses at the tertiary level”.
He is hoping to expand his business through the purchase of additional feed mixing machine to enable him produce more of the poultry feed to supply to more customers beyond the municipality in the years ahead. He also has a vision of employing more workers to reduce the unemployment situation within the municipality.