Entrepreneur
Name
Paul
Member since
May 2021
On-time repayments
48 installments • 46%
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
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Jun 9, 2021
Repayment status
On Time
Projected term
4 weeks
Other loans
Lenders
United States
Summary
Amount repaid
$20.53
Amount remaining
$0.00
Date repaid
Jun 22, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 18, 2021 | $5.13 | Jun 22, 2021 | $5.13 |
| Jun 25, 2021 | $5.13 | Jun 22, 2021 | $5.13 |
| Jul 2, 2021 | $5.13 | Jun 22, 2021 | $5.13 |
| Jul 9, 2021 | $5.13 | Jun 22, 2021 | $5.13 |
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