Entrepreneur
Name
Asiedu
Member since
August 2016
On-time repayments
57 installments • 81%
About Me
As a child I told myself I will do something great for myself. This motivated me to take my studies very seriously. I studied very seriously and I was rewarded by topping the class at the end of every exams which was conducted at the end of the term. God being so good I passed my junior high exams and I was offered admission to persue Business at the Senior High school. Upon my going there, one woman who was preparing our file looked at my result and said: 'who offered you admission? We won't accept people like you here' . I also knew I had done well. Fortunatelly for me, there was a merit scholarship scheme for all students who will top the class. The burden then was on me. During the 2nd term examination which was also used to give the scholarship, I topped the class. I told myself that it is not someone who decide my future but myself. In our part of the world the condition is not favourable know matter how intelligent you are. So I said to myself why not start something small. So I started poutry. God has bless us with fertile land so most people engage in subsistance farming. I would wish my children will engage in any meaningful profession which is not criminal. I remember when I was in Junior high school we attended football match in sunyani the Regional capital and defeated our opponents. It was so amazing.
My Business
I engage in poutry farming in a small scale. It is very useful in the sense that some young girls come to buy some of the eggs, fry and sell them every evening for them to earn something. Also some food vendors come to buy some of the cock to prepare their meal. I am into this productive activity because I care for nature and the capital requirement is minimal. Expenses include purchasing nails and iron sheet to construct a pen, hiring a veterinary ooficer to inject them and feeding them. The revenue comes from the sale of eggs and the chicken itself. Since I dream of expanding it to produce in large scale, I reinvest all my profit.
Loan Proposal
Since I want to expand my business, I want to construct a permanent structure so I will buy 20 bags of cement at about 162 Dollars( 8 Dollars per bag), one trip of sand at about 69 Dollars, 20 pieces of Iron rods at 69Dollars(3.4 Dollars per one) and for feeds for the birds at 25 Dollars( 11 Dollars per bag). Since I will have a permanent structure I will be able to expand my business. Since I am constructing a permanent structure I don't expect to get profit now.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$326.00
Date disbursed
Nov 4, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
CT, United States
United States
Netherlands
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
United Kingdom
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Margaret Mar 16, 2018
Asiedu Mar 18, 2018
Margaret Oct 24, 2017
Asiedu Mar 13, 2018
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