Buying cocoa seeds to sow

Abena

Kumasi, Ghana

4% repaid

Entrepreneur

Name

Abena

Member since

November 2020

On-time repayments

36 installments  •  44%

About Me

My name is Abena Adutwumwaah a mother seven children. I grew up from a village called Nobewam in the Ashanti Region. Nobewam is notably known for its farming culture as most occupants depends mainly on farming to survive. Growing up was a tough one because my mother didn't believe in girl child education so we were told to be in the kitchen to cook for our brothers to go to school. I finish primary school and after I decided to learn trading and a vocation in tailoring. I was eager to learn trade so I started this charcoal business where we go to southern part of Ghana to buy charcoal at wholesale and sell to my clients. I have done this charcoal business to cater for all my seven children since my husband died early. I am a widow who is working hard to help my children get a better futter. it is my wish that all their dreams comes into reality. I used to play football at my youthful days and I am a fan of Kumasi Asante Kotoko a football club in Ghana.

My Business

I sell charcoal at whole to retailers. I go for these charcoal from the farmers at their desire farms and buy them where I returned the back to kumasi and sell to my clients at wholesale price. Charcoal business is a very good Avenue to invest since many Ghanaian homes prefer to use the traditional source of energy to cook rather than the use of gas since it is very costly and risky. it generates alot of profit and my customers are many since I started dor long

Loan Proposal

Cocoa is a cormecial crop in Ghana and the there has been an increase of the prices of cocoa bags recently by the president of Ghana. With this loan I would be able to buy seedlings and nurse them to show to help me get more grains at the end of every cocoa season. Some of my cocoa trees are dead and need to be replanted.

Income Source

I sell charcoal as wholesale to schools and people in my community. I make enough profit capable of paying off the loan as expected.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$265.00

Date disbursed

Apr 2, 2021

Repayment status

Late

Projected term

3 months

Lenders

ads68

Melbourne, Australia

Scotts5320

New York, United States

Mike and Jacqui

United Kingdom

A

AJ

United States

Paul Buchheit

Mountain View, United States

E

Emmanuel

United States

BS

Bri Sawyer

United States

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