Beehive equipment and branded packaging for my honey business

Joshua Jones Opoku Marfo

Newtown Extention, Ghana

40% repaid

Entrepreneur

Name

Joshua Jones Opoku Marfo

Member since

February 2015

On-time repayments

129 installments  •  26%

About Me

I am Joshua Jones Opoku Marfo from Elmina in Central Region but currently live in Newtown Extension, a suburb of Sunyani in Brong Ahafo Region of Ghana. My parents are Dr. C. Jones-Techie and Madam Sophia Donkor. I had my basic, secondary and tertiary education with Abrafo Junior Secondary School, Sunyani Secondary School and Kwame Nkrumah University of Science and Technology respectively and hold a degree in Forest Resources Technology. I am married to Mrs. Faustina Opoku Marfo and have two children. After my first degree, I joined a school and held a position of Vice Principal but due to my desire and quest to establishing a business to provide some job opportunities to the many unemployed graduates in the country, I started an honey producing farm which also aims at providing wholesome honey to the ever increasing consumers in and outside sunyani.

My Business

This business was started with the aim of providing job opportunities to the many unemployed graduates and also make available wholesome and organic honey to consumers. A little survey I conducted prior to the commencement of the farm indicated that, there is a high demand for good honey because most were fed to infants but due to its unavailability throughout the year, retailers add all manner of things to increase the quantity, thereby endangering the lives of consumers for profit. The business is lucrative because the demand is high and consumers prefer it over the others but my honey production is in small quantity now and so requires additional production of hives, purchasing of comb foundations, safety clothing for workers and a bigger and more efficient extraction machine to increase honey production and create more jobs from the production stage to the sale of the finished product.

Loan Proposal

The honey business is lucrative but calls for some monetary investment. I acquired hives to empower some interested individuals but could not supply them with enough foundation and so would want to use part of the funds $192 to buy 600 pieces of it. I would want to buy an imported smoker $47 because the locally fabricated ones are so difficult to handle when is heated. The rest of the funds will be used to make a small bill board $42 (which will be place where the honey is sold) and sticker labels $107 to brand the packaged honey thereby advertising the products to both consumers and prospective consumers. I believe this assistance will like the others in the past enable me move a step further in my business than it is now.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$378.00

Date disbursed

Aug 18, 2015

Repayment status

Late

Projected term

25 months

Cost to entrepreneur

Service fee: $9.62

Lenders

Elinor

Maple Lake, MN, United States

R

rcmssr

Woodbury, United States

T

ToddK

Indianapolis, IN, USA, United States

E

Elisa

Espoo, Finland

B

blahblah

Nuernberg, Germany

A

AlexCheng

Seattle, United States

G

graememoss

Amsterdam, Netherlands

R

Rking

Eugene, United States

K

KennaMumford

Salt Lake City, United States

fairspirit

Utrecht, Netherlands

MichaelOsburg

Hochheim, Germany

Hedwich

Gorssel, Netherlands

W

WinWinNL

The Hague, Netherlands

B

BMcDermott

Washington, DC, United States

T

thebonseung

Republic of Korea

Gringotts

United States

poorinvest

Sandefjord, Norway

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

T

timnj

United States

WiscoHorndog

United States

E

egines

United States

Dave Bogard

New York, United States

JW

Jan Wisse

Brussels, Belgium

Glenn K

Victoria, Canada

BV

Ben Veal

United Kingdom

MI

Matt Insler

United States

MK

Max Kolysh

United States

JC

JD Conley

United States

BB

Ben Bellows

United States

JF

Jason Foti

United States

M

Mart

United Kingdom

PG

Paul Graham

United States

E

eriklonnroth

United Kingdom

EF

Eddie Flores

NYC, United States

Jared Silver

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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