A loan to prepare cocoa seedlings to sell to customers

Ronald

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Ronald

Member since

February 2015

On-time repayments

199 installments • 83%

About Me

I am kyere Ronald.I started schooling at AKAB Complex School, continued at Berekum secondary school, completed and continued at tertiary Stage.
I am working as a sole proprietorship as farmer. I entered into farming in the year 2013 with some capital of about $500 with two workers who are being paid monthly.

My Business

NURSERY OF COCOA SEEDS
When finished second cycle, I was gingered to farm. looking at my community I opt for nursery of cocoa seeds simply because, majority of people living in these area are cocoa growers. They have rich lands for agriculture .Many of them choose to grow cocoa. I use that opportunity to start to cocoa seeds nursery. Few people were doing that and during the farming season cocoa seedlings become scarce. I was able to produce 3000 cocoa seedlings in my first year.surprisely; people were chasing me for it. Now, I am able to produce 300000 cocoa seedlings throughout the year.Some of the challenges associated with the cocoa nursery include; ordering of the cocoa seeds, nursery site/space/shade, potting/polybag filling, planting seed, watering, and pest and diseases control.

THANKS TO LENDERS.
I give thanks to all the Zidisha lending groups and the individual lenders who made my dream came into reality.
May God bless and fill all their sources of income so that they may get some to finance the needy ones like me.

Loan Proposal

I first of all thank all my previous lenders for how far they have brought me.With the third loan they gave me,i was able manage it and after the sales of the cocoa seedlings,i made a profit of thirty percent of the amount given me.
I have been asked by customers to prepare additional hundred thousand cocoa seedlings for them to buy.After estimation,i may need ten thousand dollars to finance the project.These are some of the items i may need to prepare that seedlings: Rubbers for bagging($200),fertili,zer($250),land for hiring($350),Cocoa seeds($500),labouraries who will assist me($500),Agrochemicals($250),Agriculture Extension Officer who will study the seedlings in casee there is some outbreak of pests and diseases($300).
My capital here is not enough to finance the project.in view of that am here to raise a loan to the support the project.
How to repay the loan
I will be in a better possition to repay the amount on time.This is because,people always patronize with my bussiness alot.If am able to do the project,i can boost of about fifty percent profit.
Please lenders,help me to achieve my dream.I believe with the amount you will give will help me enough to get the loan.
Thank you!

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G
guenter Apr 7, 2017

Congratulations!!

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Dean Suminski Mar 18, 2017

Congratulations on repaying your loan! I think I will have a cup of cocoa to celebrate.

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Flipmore Mar 17, 2017

Ronald has fully repaid his loan, on time, and with very good communication. He is an excellent role model.

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