Buy livestock and use the profit to pay my fees

Ankomah

Techiman, Ghana

100% repaid

Entrepreneur

Name

Ankomah

Member since

September 2016

On-time repayments

245 installments  •  62%

About Me

I was born in penury family , I was the last born of my parent.I attended primary school in my village at Asueyi. Due to my performance ,with the help of my extended family and I waded through my secondary education in the year 2009.Due to financial hurdle I stayed in the house for almost four years, currently I am a third year student at Valley View University offering Bachelor Secondary Education.Like I said in my first loan application those things still stand

My Business

I work as a sales attendant at my uncle Pharmacy shop when I do not have lectures and I am also into animal rearing I have four cattle male and six sheep four ewe and two ram.People from all walk of life eat and use sheep and cattle. In my town for instance is very lucrative, the inhabitants celebrates two major traditional festivals namely "apoo" and yam festival on such occasions the price of those livestock balloon.
With the help of the lenders help paid my fees done with the on campus teaching practice . is left with the end of the semester exams. I don't want to be idle in the coming Christmas I want to buy more livestock so that I can sell and earn profits, I can confidentially say that the number of my livestock increased I now can boost of having four cattles and 6 six sheep.
School reopens on next week and will begin working on my senior project work

Loan Proposal

Like I said in my previous loan application I rear animals like cattle s and sheep , first of all when you grant my loan I will buy animals and the seller will benefit from it also I hired Fulani who takes care of them, directly I have created an employment for people, will also buy their medication that will boast the business of the traders who sell those animals medicine. And finally whenever I sell the animals, the profit will aid me to pay my school fees purchase educational materials and since our inheritance is matrilineal I will also help my nieces and nephews to have a better educational background a cattle cost varies due to their breed and size one will $ 140 and a sheep too will cost $ 50 they profit that I will get will exceed $ 200.00 after six months of keeping them is very lucrative. It does involve much spending

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Loan Info

Project Type

Classic Loan

Disbursed amount

$161.00

Date disbursed

Nov 25, 2016

Repayment status

On Time

Projected term

7 weeks

Lenders

MakeSense

-, St. Kitts and Nevis

ads68

Melbourne, Australia

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Mike

Indianapolis, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

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