Cassava sticks and hiring labour

Saadat

Buipe Central Gonja District, Ghana

100% repaid

Entrepreneur

Name

Saadat

Member since

June 2016

On-time repayments

135 installments  •  73%

About Me

I'am Sadat Salifu Gbankulso (SS Gbankulso) from Buipe, Central Gonja (Ghana). I am8the first and first male child of my parents. I had my elementary education at Kabilpe MA basic school and continued to Ndewura Japka Senior High. Due to economic challenges, I could not further my tertiary education. I decided to3 take8 up1 a farm1. my1 farm is doing*$ well I have a vast land of more than 800 acres. I can only work on just a small portion. I get a revenue of over $750 bi-yearly. The farm is really helpful to me in supporting my family and other relatives financially. I am married with two children. My hobbies include reading, farming, tours etc. I am 35 years now.

My Business

My Business

My farm returns1 very good revenue1 to support1 me and my family1. I grow maize, vegetables, plantains, yam etc1. This year1, I want to expand1 the farm by growing cassava which1 is of high1 demand1 year on year. I therefore1 request this loan to buy inputs and hire labour to help1 at the farm1. With1 the size1 of land1 I have, my revenue1 would increase very much if more capital is injected into it. I envisage a return of over 50 bags of maize which currently translate to about $2200. I am therefore counting on you to achieve this goal to provide sound future for my ward and family.

Loan Proposal

I will be buying cassava sticks of about $ 70 and the rest of the money will be use to hire labour. Cassava is use for so many things in Ghana. It is use to pound fufu, to make banku and T.Z when dried and milled into flour. Cassava is also processed in the industry to form glue(starch) and also "Gari", which students call 'agyenkwa' meaning the Savior. Because of the demand for cassava this year ( 2016) there is a shortage since March.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Jun 18, 2016

Repayment status

On Time

Projected term

9 months

Lenders

Craig Newmark

United States

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