Entrepreneur
Name
Osei
Member since
August 2017
On-time repayments
169 installments • 53%
About Me
I stayed with my Aunt in my childhood in a farming community, where I started my basic school from nursery to primary. I started some farming and trading during my junior high school to overcome hardship in other to realize my future dreams. My business started through advice from elderly farmer with his promise and support. The land is fertile and of great heroes with amazing cultural heritages. I would like my children to be entrepreneurs. I like been with radio for news and music.
My Business
I am into Cassava plantation for now. My products is very demanded and useful by starch factory, Gari processing and as well as food for human beings and animals consumption. Planting of cassava can serve me as employment because it has high demand and good returns that made me chose cassava plantation as my business. It cost 197dollars and revenue of GH 383. Profit is reinvested for planting, house keeping and others
Loan Proposal
I will use 156 dollars of the loan to prepare my three(3) acers of land for my cassava cultivation . Preparation of the land will include clearing of weeds on the land, raising of mounds. I will buy new cassava stems for planting at cost of 40 dollars and the rest of the amount to hire labourers to support me in the farming season. This will give me employment and work for the labourers who will work in the farm with me. There will be food out of this farming. It will serve as raw materials for starch and other processing factories around. I am expecting my profit to increase by 128 dollars for each acer.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$230.00
Date disbursed
May 18, 2018
Repayment status
Late
Projected term
38 months
Other loans
Lenders
United States
New York City, United States
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Monika Mar 7, 2018
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