Cassava processing factory and cassava farming

Paul

Umuahia, Nigeria

100% repaid

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How it Works

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 fund my clearing of 5 hectares of cassava farming.Buy some farm hand tools,pay for weeding and clearing of farm land.Process cassava tubbers and sell to realize fund for loan repayment. As discussed,I used to work and owe labourers when new loan comes,I use part to off- set those old debts.