Cassava processing factory and cassava farming

Paul Ede Ugwu

Umuahia, Nigeria

100% repaid

Entrepreneur

Name

Paul Ede Ugwu

Location

Umuahia, Nigeria

On-time repayments

10 weekly installments  •  90%

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$39.48

Date disbursed

Jul 7, 2021

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: 5% of $39.48 = $1.97

Lenders

Sundstroms

Falun, Sweden

Heather

Taree, NSW, Australia

Lindsey

United States

R

Rudy

Philadelphia, United States

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