Entrepreneur
Name
Bukari
Member since
March 2016
On-time repayments
194 installments • 56%
About Me
As a second born to my parent, and the first male born, my parent had to do whatever it takes to get me educated so that i would be a successful person in the future to take care of the family,
I schooled and was ready for senior high school, my father feel seriously sick and couldn't work anymore, I had to go through difficulties for four years in the high school and i graduated,
Since finances became a problem to the family i couldn't further to the tertially stage, I thought of a business plan to start so as to help me solve the financial problem,
Currently Im on a business but it isn't growing up since the finance it needs to build it strong is a problem to come by,
The land or place i found myself, the business can mature if there is a finance to back it up,
Since i can't further my school because of financial problems, Im more interested in setting up my own business and build it up,
My Business
This new business is to produce a good called cocoa, cocoa is a plant that is produced in some part of Africa including my country Ghana. This good is very useful in demand in my country because it's the main sources if agricultural income for Ghana, we export cocoa to foreign countries, cocoa sinuses to produce a lot of products such as chocolates and Milo,
I choose have chosen this business because it is a very lucrative business in Ghana, to talk about rich people in Ghana, most of them are cocoa farmers,
The main cost of this business are fertilizers, insecticides and the production tools, one needs these to be able to have an effective cocoa production.
The profit from this business can be used for other things due to high level of profits, it can be used for reinvesting in the cocoa business again and for setting up different businesses.
Loan Proposal
Cocoa has become one of the lucrative business in Ghana, now a bag of cocoa cost $125 and it increases and never comes down because of the high demand of it, it is exported to foreign countries for production of many products such as Milo,chocolates and so many others. Cocoa nursery are very small cocoa tress grown from the cocoa seed used for planting, I will buy 400 cocoa nursery where one cost $1, so the 400 cocoa nursery will cost $400.
Out of the remaining $100, I will buy weedecides which will cost me $50, this weedecides will be used to clear the weeds from the land so that I can plant the cocoa nursery on the land. and I will use the remaining $50 to hire some workers to help me spray the land and plant the cocoa nursery. Vast employment will happen because people will be taken to the farmland to help work on the cocoa farm land and then pays them, when the cocoa is cultivated as well it will be exported out of the country for other purposes.
I will earn so much money from this business because its the greatest and main sources of income to Ghana, it will really bring benefit to others and myself. Giving enough concentration to the business, the profit out of it will be uncountless, meaning there will be so much profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$554.00
Date disbursed
Mar 23, 2017
Repayment status
Late
Projected term
55 months
Other loans
Lenders
Pitten, Austria
United States
Sweden
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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