Cassava processing factory and cassava farming
Paul
Umuahia, Nigeria
100% repaid
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
Pay labourers am owing for clearing my new farm site.Deposit for cassava harmer mill.pay for harvesting of cassava tubbers, which I will sale after processing,to enable me pay for the loan.The rest is for working capital, selling expenses and incidental expenses.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$47.00
Date disbursed
Jul 23, 2021
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
United States
Payments Forward
Amount returned to the platform for this project
$47.45
Pay It Forward Projects funded by Paul
$900 (24 Projects)
Projects funded by Paul's Pay It Forward recipients
$8,616 (347 Projects)
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