Cassava processing factory and cassava farming

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

The fund will be used to buy minor farm tools.Deposit for harmer mill,pay for weeding labour charges.pay for rent of land where I am farming cassava,5 hectares.Would processing gari for sales to enable me pay for the loan.pay for renting factory, sells expenses and incidental charges.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$72.22

Date disbursed

Aug 4, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: 5% of $72.22 = $3.61

Lenders

M

Mirko

Yugoslavia

Anya

Redmond, Washington, United States

Ukulele Cheri

Idaho, United States

F

fambig

Switzerland

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