A loan to prepare cocoa seedlings to sell to customers

Ronald Kyere

Berekum, Ghana

100% repaid

Entrepreneur

Name

Ronald Kyere

Location

Berekum, Ghana

On-time repayments

199 weekly 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 have been asked by my customers to prepare additional cocoa seedlings for them to buy since we are in the beginning of raining season.
I may need these items;
Cocoa seeds(150 dollars),Agricultural Extension worker to monitor the seedlings from diseases attack(100 dollars),rubber bag(100 dollars), pump machine(200 dollars), workers to assist me(150 dollars),site for the project(200 dollars)

HOW TO REPAY THE LOAN
I will be in a better position to repay because,alot of people are patronizing my service.I will repay the loan to help zidisha to grow.

Feedback

14

None

None

  • guenter    Apr 7, 2017

    Congratulations!!

    Log in to reply • Share
  • 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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Loan Info

Project Type

Classic Loan

Disbursed amount

$754.00

Date disbursed

Jan 26, 2016

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $37.75

Ronald opted to pay $62.94 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

BrassHat

Boston, United States

G

guenter

Bremen, Germany

JimVandegriff

Trinidad, California, United States

Tavin

Ottawa, Canada

S

SvenWaage

Stavanger, Norway

S

Sherry

Pittsburgh, United States

Eduard

Dnepr, Ukraine

Bobrm2k3

Charleston, United States

sbyun

Toronto, Canada

L

Leonora

TÄBY, Sweden

H

howard

Vence, France

Flipmore

Vancouver, Canada

J

Joggele

Austria, Austria

PolarBearCapital

United States

DR

Daniel R

Berlin, Germany

Roy

Espoo, Finland

MW

Matt Willis

United States

Dayton

Vancouver, Canada

MS

Mark S Yourek

United States

Douglas St Quintin

Sydney, Australia

Nick

Manchester, United Kingdom

E

EABF

Netherlands

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