Entrepreneur
Name
Benjamin
Member since
March 2015
On-time repayments
77 installments • 25%
About Me
Asumadu Benjamin is my name. I come from Berekum in the Brong Ahafo Region. I started my basic school at Berekum Methodist School, I furthered my education from there to Sunyani senior high school.My parents are teachers by profession. I am the general owner of Asumadu’s farms. I chose this kind business because my place or area is very good in that business and that place was were I was brought up. Consumption of pork is at an increase in my area and as such there is always a high demand on my farm products. If am being given $100 in a week I can get $20 to $35 profit a week. The loan will also help me to expand my business and buy more feed to feed my pigs hence creating employment for more people. With the expansion I can definitely meet the demand of the people in my area and employ other youths as well to reduce the rate of unemployment level in my locality.
My Business
Asumadu farms is the name of my livestock farm and is located in my community about a kilometer from the community residency. I deal in pig farming, most people cannot live without meat and it serves as food to so many people. It has also helped the people in my area to get meat at all times. At first they used to travel long distance in search of meat. I chose this kind business because my place or area is very good to rare these pigs since feed viability in the area is at its peak.My capital is small,i need money to construct a decent place for these pigs and also buy exotic feed for them. This will enhance their growth since the food available to them is only local food. i am also using this opportunity to plead with lenders to invest in my farms to be able to add goat, sheep, cow and poultry to my farms . If am being given $100 in a week i can get $20 to $35 profit a week since people rush to my slaughter house on daily basis. The loan will also help me to expand my business and also employ more people hence reducing unemployment rate. Most people cannot live without food and it served as food to so many people. It has also helped the people in my area to get meat right there. The loan will also help me to expand my business and have a decent place for these pigs.
Loan Proposal
upon receiving the loan, i will like to buy more exotic feed to add to the local feed i have to enhance the rapid growth of my pigs. I will also use part of the money to buy other livestock such as sheep and goats to add to the existing pig. The patronage of these livestock is at a high demand in my community but only few people are able to raise them due to lack of capital to start. I know my dear lenders will support me this time to raise such an amount to buy all that i have said to further help expand my livestock farm.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$425.00
Date disbursed
May 27, 2015
Repayment status
Late
Projected term
17 months
Other loans
Lenders
Republic of Korea
Jake Gibson and Beverly Picardo
San Francisco, United States
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