Paul
Umuahia, Nigeria
100% repaid
Name
Paul
Member since
May 2021
On-time repayments
48 installments • 46%
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 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.
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$39.00
Date disbursed
Jul 7, 2021
Repayment status
On Time
Projected term
5 weeks
Other loans
Amount repaid
$39.48
Amount remaining
$0.00
Date repaid
Jul 22, 2021
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 16, 2021 | $7.90 | Jul 22, 2021 | $3.85 |
Jul 22, 2021 | $4.04 | ||
Jul 23, 2021 | $7.90 | Jul 22, 2021 | $7.90 |
Jul 30, 2021 | $7.90 | Jul 22, 2021 | $7.90 |
Aug 6, 2021 | $7.90 | Jul 22, 2021 | $7.90 |
Aug 13, 2021 | $7.89 | Jul 22, 2021 | $7.89 |
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