Entrepreneur
Name
Bonjei
Member since
December 2020
On-time repayments
5 installments • 80%
About Me
I'm Bonjei Manega , I'm 41years old. I'm a farmer who farm in large quantities specifically, I farm yams, maize, groundnut and rice. I'm married to a wife with four children and other siblings who depends on me for a living. I pay their school fees, clothes them and provide other basic needs for them through my farming. I want to become more self sufficient and depend by increasing my farm size when you grant me the loan. I also real fowls and goats beside my farming. I believe with your loan it will help me so much to expand my farming and animals rearing business. I hoping to become a commercial farmer in future and also become great on my own. With your loan, some of my burden will reduce and I will be able to provide for my siblings and children as well.
My Business
I get money from the sale of my farm products. I also store some of the foodstuffs when when the price increase then, I sell them to get profit. For instance,rice and animals are in high demand now so I'll sell them to make higher profit for myself.
Loan Proposal
The will be used to invest in buying rice,maize,beans, groundnut and some soya beans because in few months they will be high demand in my area and that gain profit for me. Still yam and yams sets which are high demand now will also be bought for resale to make profit. Fowls and guineafowl as well will be bought to add to my old ones to increase my poultry farm so to generate profit in order to sustain my business. Animals farming is what I do too and so I will buy more animals,now that most people are asking for it even at higher price. This high demand at higher will benefit me greatly by increasing my profit.
Income Source
Most of the goods I deal in are very much demanded for and that means I will gain more profit to payback the loan on time despite the economic climate. Moreover, I will ensure that those goods that can be stored are store for future sales in order to avoid the risk of current economic climate for the safety of my business. In addition, I will make sure that, all my products needed in other areas are sent there for sale to get my capital and profit to be able to pay back my loan. I will invest in other profitable ventures that will put my business on top to generate more profit for the sustainability of my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$105.00
Date disbursed
Jan 7, 2021
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
United States
United Kingdom
United States
Ingolstadt, Germany
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