A loan to expand my farm

Obeng

Bolgatanga, Ghana

19% repaid

Entrepreneur

Name

Obeng

Member since

September 2016

On-time repayments

39 installments  •  21%

About Me

Obeng Kwasi is my name. I come from Bolgatanga in the Northen
Region of Ghana. I had my childhood education at Bolgatanga,
one of the close suburbs of Lawra?p
. From there, I moved to the
junior high school. But, to be honest on this platform, I was not
all that good a student: I should say I was weak by all standards.
I therefore dropped out of school and that was the end of my
education.
I joined my elder brother, who was doing some business selling
tiles in Kumasi. Kumasi is the second capital of Ghana. I stayed
with him for sometime, almost about five years. On the sixth
year, I came back to bolgatanga .
?land began something myself. I
started selling fruits by the roadside. I sell all kinds of fruits, like
watermelon, oranges, apples, pineapples, berries, etc. I am
single and still looking. I think this is brief about me

My Business

My business is quite simple and easy to understand. am a cocoa farmar. I have farm in Ghana for the past years.
something admired by Ghanaians. I can't point out that directly,
but I may also attribute it to the low standards of living. Since
the income of most Ghanaians is hand-to-mouth, one would
want to eat heavy foods that will last in the stomach for many
hours before taking another meal, so the scarce money wouldn't
be used on something like apples, which are imported into the
country.
However, upon mass sensitization on the benefits of fruits,
many Ghanaians changed their perception and are buying fruits
like never before, despite the economic hardship and scare
resources. If you invest about $12, you can get a profit of about
$ 12 in a week. I use the profit I get to cater for myself and
reinvest the rest. Thanks.

Loan Proposal

I sell fruits at a very advantageous point, where I have many
customers come to my corner to buy all kinds of fruits on a daily
basis. The demand for fruits in modern Ghana is gaining
popularity: due to mass advertisement and the creation of
awareness by other international NGOs about the benefits one
gets from fruits, many are consuming much fruits now. Hence I
opted for this kind of business. It is helping and has helped me a
lot.
I now need much capital to inject into the business to enable me
buy chemicals for my farm, which will boost my
profit. I therefore plead with lenders to help me out. I will use
the loan to buy berries, fresh apples and pineapple from the
farmers directly. Because demand is there, I can assure that I
will repay when I am given the help. The projected weekly
repayment will be indeed simple and easy for me when I am
given the help. You have done it for many, it is now my turn.
Thanks for helping without ignoring me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Sep 22, 2016

Repayment status

Late

Projected term

9 months

Lenders

The Zinc Team

San Francisco, United States

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