Paul Ede Ugwu
13 weekly installments • 77%
I am Ugwu Paul.E. from Enugu State.I have interest in farming cassava and processing of cassava. Because with cassava we can get flour, ethanol,gari,starch and animal feed. I also teach rural farmers modern agricultural practices as it relates to cassava farming and processing. My wish is to have a cassava processing factory, where I will employ people and train young people in South East of Nigeria.
My business is cassava farming and cassava processing factory. From one hectare of I can earn #150,000.00 net profit after processing monthly.If I expand I will earn more.thanks.
I will use the loan to expand my farms to 10 hectares of cassava farms.pay for land lease.Buy cassava stems, fertilizer, simple farm and processing expenses.pay for logistics, farm labour and selling expenses.Analyze the finished products to ensure quality and standard.
The main risk is draught and low yield.I will spread my farms in different locations in South East especially where there is natural water.To ensure that I have raw materials all year round.
Jun 9, 2021
Cost to entrepreneur
Service fee: 5% of $20.53 = $1.03
Credit risk payment: $5.13