A loan to prepare cocoa seedlings to sell to customers
Ronald
Berekum, Ghana
100% repaid
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 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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$812.00
Date disbursed
Jan 26, 2016
Repayment status
On Time
Projected term
7 months
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