MrKong:

12% interest rate I suppose which is far more logical and fairer than the greedy NEGPRO please let me have the details of this bank, CBN at best would give them money for agric projects at 9% pls visit their website or ask around, this is asides the management fees and other charges you would pay upfront

I'd say Bank of Agriculture and most micro finance banks...how many banks have you contacted anyway? and how many states do you have the bank of agric?micro finance bank? again at what interest rate? i can categorically state that most banks run away from agric only few like 1st bank, heritage bank and union bank have a full complement agric desk

Repayment immediately as in? you collect loan you no go pay? the immediately ask for the repayment plan, its like planting a cocoa tree, when do you think you would start reaping the cocoa from it? do you feel the bank would be patient that much? they would rather give to someone importing who would sell and give them their money

Maybe none, maybe some...about the collateral, the requirement by NEGPRO is that I have a 2000 capacity poultry house with cage, water, labour and ready for operation, is it not reasonable for me to source for loan with that same facility instead of helping some people make money with my own resources?...if I get it right which I sure know I will, I take the dividend all and not some smirk faced people taking all and tossing me scraps for a business that I largely championed. and how much would you value that as? for a 2000 birds you would probably need about N5million to feed for the the whole year, so your building, farm land and co would be worth like 10 million? truth is most farmers today start small and grow gradually, to get to a 2000 capacity on your own would take years and hard work, layer farming is not like broiler farming where the money is instant (after 6-8 weeks) you would have to be patinet till after 60 weeks before t=you can start thinking of how to break even.

see this scheme is not by force, even in a family you always have siblings with different perspective you have said yours i have made mine know that's all i can say

alakara:

Are you tuns farm son? Your monicker.

Bash92:
Hope tuns won't be the only feed mill to supply feeds to farmers like it was/is for the broiler production. Birds could go 2 days with out anything except water.

Awotimi:

Please is it like the farmer and entrepreneur would have agreed on a stated profit sharing ratio? or profit will be shared based on the entrepreneurs judgement.

Godisnotaman101:
. Don't mind the program. Its purely slavery. Ask people who are participating in the current one in osun state.

alakara:
My Problem is that won't what happen in Osun Scheme happen here.
This project is copy and paste from Osun Scheme and we know what happened to small scale farmers

checkoutdr:
[b][/b]15 YEARS OF PRACTICE?

Q1. How old am I now?
Q2. Is this for those who have made a landmark in Agriculture or those who are looking for something productive to engage in so as to earn a living?

MrKong:

You don't understand...there is nothing free here, yes they give you credit in form of inputs but they take far more in returns than they should have. To me, it's slavery.

A bank loan is better IMO, atleast banks don't take more than the interest

MrKong:

What makes you think the entrepreneur will assume the risk alone because he's providing the fund?...lemme tell you something, I have experience with people like that. For example, if there is a disease outbreak and the birds start dying...what the entrepreneur will do is to sell the birds and recover his own capital outlay before anything go out of hand and don't think you'll get a dime from the proceeds...in that event, he makes sure he doesn't lose a kobo while you lose in other resources (material resources and non-material) you have involved

So who's short sighted?...read and understand terms of agreement before going into anything...I'll say it again, this arrangement is slavery!

MrKong:

What makes you think the entrepreneur will assume the risk alone because he's providing the fund?...lemme tell you something, I have experience with people like that. For example, if there is a disease outbreak and the birds start dying...what the entrepreneur will do is to sell the birds and recover his own capital outlay before anything go out of hand and don't think you'll get a dime from the proceeds...in that event, he makes sure he doesn't lose a kobo while you lose in other resources (material resources and non-material) you have involved

So who's short sighted?...read and understand terms of agreement before going into anything...I'll say it again, this arrangement is slavery!

MrKong:
If I understand correctly...eligible farmers erect a 2000 capacity structures, pen, drinkers, create water source and manage the birds but the entrepreneur/stakeholder provide the birds and feed. The eggs (and spent layers if you reason well) belong to to the entrepreneur/stakeholder/NEGPRO who will decide how much I get for my troubles?


I thought Nigeria abolished slavery long time ago?

erayo2GCA:
More details pls