Statement of purpose

POULTRY PROJECT PROPOSAL

TOTAL AMOUNT BEING APPLIED FOR: US$ 3000.00

LOAN PURPOSE: WORKING CAPITAL

PROPOSED LOAN PERIOD: 6 MONTHS

DIRECTORS: T .MANGWANYA

The purpose of tis loan is to establish and run a poultry project initially with a vision to diversify later in Zimbabwe.

Vision

To be one of the most leading chicken suppliers in Harare and Zimbabwe at large

Mission

To effectively and efficiently provide a solution to our customers and our promoters

Core rules

Professionalism, integrity and innovation

Objective

To provide chickens profitably over short turnaround cycles.

The Project Description

I propose to engage in a Poultry Project. I intend to carry out this project at my

father’s farm in Bindura. My family is a beneficiary of the land reform programme and we have built a fowl run at the farm which can accommodate more than 2000chickens. I intend to start the project with 1000 chicks which is what I can affordwith the funds available. I expect to introduce a batch of 1000 a month and the fist batch, will be funded by the loan while the second and the proceeding batches willbe funded by the revenue generated from the sale of the chickens. We have alreadybeen engaged in in this poultry project as a family but we have been operating at asmall scale due to lack of funding. I believe this opportunity gives me the chance to

pursue my own dream of running my own poultry project. As a student ofAgriculture at the University of Zimbabwe , I feel this opportunity couldn’t have come at a better time as it is. It gives me a fantastic chance to apply the theory Iam acquiring in training. I believe the diverse skills I am gaining from studying my agriculture degree will come extremely handy in ensuring that I producetremendous results in this project.

THE SKILLS

I am a student of agriculture at the University of Zimbabwe. I have been the one to

run my family’s farm ever since I was at school and choosing the Agriculture degreewas away of fulfilling a personal vision in Agriculture. I have been involved ingrowing crops such as maize, soya beans and sunflowers which we then used in producing feed for the chickens. I believe this loan facility will give me an opportunity to pursue my vision of producing chickens at a larger scale. In other words I have extensive experience in producing chickens and chicken feeds. I intend to personally run the project and employ other few general hand to assist me. I would be based at the farm where I will undertake this project and I will be

commuting to college from there. I believe that I have both the academic knowledge and experiences to ensue success of this project.

THE MARKET

Marketing plays a vital role in successful business ventures. The key

elements of a successful marketing plan are to know your customers, their likes, dislikes and expectations. Thus, a marketing strategy should allow a project to arouse and fulfill their needs. My mainmotivation to venture into the poultry project is because we have managed to develop a market we have not managed to exploit. We

have established markets with workers from organizations with huge number of employees. For example, we have established a verysmooth working rapport with city of Harare workers who take chickenswhich they pay for at the end of the month. The system has served usvery well but we have struggled to maintain control the Market because of our erratic and small quantities we were supplying. Thismarket has the capacity to absorb half of our proposed capacity .We have also established markets with two butcheries in waterfalls, Harare. These can easily absorb all the chickens from our proposedproject. They also have the capacity to make payments immediatelyafter delivery. All they require is a predetermine delivery schedule sothat they can manage their stock levels. We have also developed markets with restaurants in town and as such when it comes to the markets, the issues of orders are not a much of a challenge. What iscritical is to choose the market that will give the best return and is able to make available cash at each specific time.

FINANCIAL REQUIREMENT

CHICKEN PROJECT REQUIREMENTS

I.Chicks

II.Concentrates

III.Maize

IV.Chemicals

V.Labour

Quantity

1000

1250kgs

3750kgs

- - - -

- - - -

Amount

US$ 1000.00

US$ 850.00

US$ 750.00

US$ 150.00

US$ 250.00

InitialCapital(loan)

Total loan requirement: US$ 3000.00

CASHFLOWSTATEMENT

Nov Dec Jan Feb Mar

3000

Apr

SalesTotal Inflow

ExpenditurePaid

Chicks

5000 5000 5000 5000 50003000 5000 5000 5000 5000 5000

10001000 1000 1000 1000 1000

Concentrates

MaizeChemicalsLabour

Total Expenses

850

750150

250

850

750150

250

850

750150

250

850

750150

250

850

750150

250

850

750150

250

Paid 3000 3000 3000 3000 3000 3000

Cash Balance 2000 2000 2000 2000 2000