5 installments • 80%
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.
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.
When I'm given the loan, already I have arranged for some animals so I will use it to buy those animals. Also I will buy some foodstuffs which are most needed and resell them. I will engage in other profitable businesses that will give me more profit to sustain my business for life. As students are going back to school I will engage in selling food like rice and beans, jolloff , indomie and others in schools to get more profit. Not only that I will buy some provisions too and start selling in various schools because children needs those things most in schools. Text books, story books and exercise books too will be bought for sale.
With the current economic climate, I'm going to deal in items and materials that are highly demanding such that my business will not be affected. For instance, schools are open so most things I will buy will focus more on what students need, like shoes, books and pens. Once again my animals will be bought as well because they are in high demand because of funerals and other occasions around my area and that will fetch me more money to grow my business. Other foodstuffs like maize, groundnut, beans and soyabean all I will buy and store because the next few days when I sell I will get enough profit from them. With all these my business is going to continue running without any effects on it.
Jan 15, 2021