Capital to support mushroom farming

Benjamin

Accra, Ghana

26% repaid

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Entrepreneur

Name

Benjamin

Member since

May 2015

On-time repayments

281 installments  •  4%

About Me

I am Benjamin Frimpong,a 3rd year.University student.I am from a family of Six.I appreciate the financial support of my family throughout my schooling.I grew in Sunyani but currently schooling in Accra. I am in partnership with a cousin of mine in mushroom cultivation to generate some funds to augment the effort of my parent through my education.I started my business less than a year ago back home in the care of my cousin but I occasinally go home to check to get equipments and take inventory

My Business

I am into mushroom cultivation.I became interested in this business as I helped my uncle to sell his mushroom to markets nearby I gained the experience and realised it requires a token to begins with.All I needed was a training on how to nurse it but with experience I have acquired I am good to go.Mushroom is a delicacy for most people and it is healthy.After production we take our product to the nearby markets to sell and sometime people come to buy to prepare food for "chop bars".Its been less than a year year but we are gradually making progress in business

Loan Proposal

I started this business with my uncle like a year ago and so far so good.Demand for the product is increasing and we would need some funds to expand and also increase production to meet customer needs.When my loan is funded I would use 24 USD to buy the seedlings,12 USD for the sawdust in the nursery.8USDto buy rubbers to keeping the sawdust for nursing and12 USD for rubbers for packaging harvested mushrooms to transport to market centres.I would the rest of the money left to support my current returns I make from sales to pay labourers and other inventories.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 13, 2015

Repayment status

Late

Projected term

66 months

Lenders

W

Walter

Victoria BC, Canada

E

Edijac

Strombeek-Bever, Belgium

C

cardiff

Falls Church, United States

dlpringle

Denver, United States

Pascal Coyles

Ghent, Belgium

Kyle Hoback

Omaha, United States

E

Ejackson

United States

BP

Bing-shu Pan

Taiwan

KA

Kripa Aryal

United States

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  • Benjamin    Nov 14, 2018

    The sales has reduced nowadays.

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  • Benjamin    Apr 4, 2016

    Business is poor lately

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  • Benjamin    Feb 13, 2016

    I am currently having problems with my business and would like to reduce my payment.

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  • Benjamin    Oct 6, 2015

    I encountered an issue with my bankers and therefore had a problem withdrawing funds for business.It has been resolved.

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  • Benjamin    Aug 9, 2015

    The marketing is now slow and has greatly affected the earning. I hope it will come back to nomal and installment will be adjusted again and full payment would be made within the the stipulated time. Thank you very much.

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  • Prince    Aug 1, 2015

    Hello Cherished lenders and Zidisha team,I spoke to Benjamin and I was informed that there has been a delay in a transaction in his business. He promises to make lump sum repayment in a week time.Thanks for your patience.

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  • Prince    Jul 16, 2015

    Hello Lenders I have contacted Benjamin and he appears to be busy with school work for a couple of weeks now.He promises to make his payment as soon as possible.Thank you

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  • Benjamin    Jun 13, 2015

    Hello lenders, I have successfully. received my loan.Thank you very much for your support.

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  • Prince    Jun 12, 2015

    Hello cherished Zidisha lenders,thank you very much for funding the loan of my friend.

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  • Benjamin    Jun 12, 2015

    Hello Zidisha team and lenders,thank you very much for funding my loan.It would be disbursed very soon.
    Thank you.

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  • Kiprop    Jun 11, 2015

    Congratulations Benjamin on your great proposal.
    All the best in your business.
    To lenders,
    Kindly consider funding my proposal. I have been struggling to raise this second loan for over two months now.
    I believe it will go through this time.
    Thank you

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