Cassava farming and cassava processing

Paul Ede Ugwu

Umuahia, Nigeria

100% repaid

Entrepreneur

Name

Paul Ede Ugwu

Location

Umuahia, Nigeria

On-time repayments

13 weekly installments  •  77%

About Me

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

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.

Loan Proposal

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.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.53

Date disbursed

Jun 9, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: 5% of $20.53 = $1.03

Credit risk payment: $5.13

Lenders

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