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750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 2:36pm On Jul 30, 2017 |
Hello house, I require a 'counterpart-funding loan' of about 750k naira to finance a 1M naira, 5 hectare paddy-rice project . |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Viking007(m): 2:41pm On Jul 30, 2017 |
Your terms are good & You seem to know exactly what You're doing. Good luck. |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by wajaja: 4:06pm On Jul 30, 2017 |
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. |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 6:04pm On Jul 30, 2017 |
wajaja: Ok, i would like that very much. please go ahead and link me up |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by wajaja: 6:25pm On Jul 30, 2017 |
BMusdapha: this is the guy phone 07067324459.....call him.... he will give u the breakdown how to go about it. just tell him from lekan. |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 8:46pm On Jul 30, 2017 |
wajaja: Thanks, would do that in the morning 1 Like |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Haddock(m): 4:04pm On Aug 01, 2017 |
That's the spirit. Good luck, man. |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 6:57pm On Aug 01, 2017 |
BMusdapha: What abt partnership? 08038144685 Watapp |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 7:02pm On Aug 02, 2017 |
Good evening Nairalanders, Still open to suggestions and offers,.. do keep them coming NO idea should be made to waste |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 7:37pm On Aug 02, 2017 |
Goodluck you |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 1:26pm On Aug 06, 2017 |
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! 1 Like |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 8:23am On Aug 08, 2017 |
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! 1 Like |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 5:24pm On Aug 09, 2017 |
Sorry to all who have been expecting this piece, I know it took a little too long. |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 5:32pm On Aug 09, 2017 |
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 |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 6:28pm On Aug 09, 2017 |
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! |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Obinnau(m): 6:53am On Aug 20, 2019 |
So how successful did this endeavor become? |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Nobody: 11:34am On Aug 20, 2019 |
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? |
Re: 750k Loan For Paddy-rice Farming In North-eastern Nigeria by Obinnau(m): 7:09am On Aug 21, 2019 |
BMusdapha: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. |
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