Fertilizer and sprayer for my cocoa farm
Bismark
Dormaa, Ghana
2% repaid
Entrepreneur
Name
Bismark
Member since
February 2016
On-time repayments
111 installments • 77%
About Me
My name is Amanfo Bismarck, i started my primary school at jinijini presby schooI and I continue my secondary school education at jinijini secondary school and now have graduated from university cape coast Ghana, I need a loan to expand my business in farming, I am into cassava planting and also cash crop like cashew and oil palm plantation. I need a loan to expand my business. I want to employ laborers to assist me to expand my farm
It was not easy in the beginning, I started alone , doing the weeding and planting my self, no support from any where.
The unique thing about the community that am living is that they are all doing subsistent farming,and the land is for the people in the community and how to acquire the land is not difficult .
I will like my children and grandchildren to have better and quality education.
I was a table table Tanis player during my primary, secondary and tertiary education, am still a good table Tanis player, also I was a footballer during my primary education. I will be very happy if my application reach your kindness heart.
My Business
I provide raw cassava and also gari and starch for my costumers
Raw cassava is use for fufu and 90% of Ghanaians eat fufu and banku every day so the demand for cassava and maize is very high, it has ready market so if u invest in cassava and maize plantation,the probability of gaining is high.
The typical cost and revenue is as follows, weeding $20 for acre and planting $15 for acre.and acre can be sell at 100 to 120$ depending on the season
I will reinvest to make the business grow.
I also provide my customers with fresh and dried maize.
Loan Proposal
Am going to buy Agro chemicals electronic napsack sprayer with the loan to maintain my cocoa farm .
2000€ can buy this product.
This is going to help me get more cocoa beans to sell and get money to buy another cocoa farm land to start another cocoa farm.
Now I am expecting to get as many as 20acres of cocoa farm.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,161.00
Date disbursed
Nov 4, 2017
Repayment status
Late
Projected term
576 months
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