Farming and sale of cashew nuts

Sarfo Frimpong Kwasi

Jema, Ghana

100% repaid

Entrepreneur

Name

Sarfo Frimpong Kwasi

Member since

February 2015

On-time repayments

123 installments  •  59%

About Me

I am a young university graduate with a Bachelor of Science in Agriculture. I am a tutor at Menji Agric Senior high school in Tain District of Brong Ahafo region of Ghana. My hometown is riddled with poverty with most children finding it difficult to fund their education in the senior high school level. I have a strong passion for agriculture with the sole aim of raising income to support needy but brilliant students both in my school and hometown.

My Business

My farm is a five hectare cashew plantation which was secured two years ago. I have started making proceeds from two hectares of the farm.Cashew is a very important cash crop in the Brong Ahafo region of Ghana. It has a high market demand and has improved the lives of various people. It is less tedious and less laborious to farm cashew as compared to other cash crops.
I also purchase the cashew nuts from other farmers and sell it to cashew buying companies. Proceeds from my farm as well as profit generated from my cashew business help in augmenting my salary as a teacher. Profits made are to support needy but brilliant students in my community.
Securing any support in a form of loan can help me hire laborers to harvest the nuts especially during January to April. Part of the loan would be used to purchase cashew nuts for sale. I'm also researching into how to process the fruits as beverage. Most farmers concentrate solely on the nuts and allow the fruit to go waste.The fruit can also be incorporated into the soil as a source of organic fertilizer. With your financial support,a lot can be achieved.

Loan Proposal

Late December marks the beginning of cashew harvest in my locality. Most farmers are unable to convey their cashew nuts to cashew buying companies which are normally located in town.
The loan I secure will enable me raise money to buy the cashew nuts directly from the farmers and convey to the buying centers for sale.
I will use 450 dollars of my loan for the purchase of the nuts, 100 dollars for transportation, 50 dollars for laborers (who will pick the nuts from my farm), 40 dollars to buy weedicide to spray my farm, 30 dollars for the purchase of sacs and the remaining 32 dollars for miscellaneous.
I am highly optimistic that the yield from my farm as well as my salary can augment my business in realizing my dream.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$650.00

Date disbursed

Dec 25, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $16.46

Sarfo opted to pay $63.30 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

cyrus0302

San Francisco, United States

ErikN

Stockholm, Sweden

Scott

Oregon, United States

johnandmoliehi

Canton, New York, United States

G

guenter

Bremen, Germany

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

KM

British Columbia, Canada, Canada

D

Divergent

Bethesda, United States

G

glomardor

Leonardtown, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

B

BMcDermott

Washington, DC, United States

Evan Lamos

Brussels, Belgium

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

Flipmore

Vancouver, Canada

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

WiscoHorndog

United States

F

frenchy

United States

C

Crainster

Chapel Hill, United States

D

djlayton4

United States

MW

Matt Willis

United States

jtreyes

United States

Jennifer Weber

Canandaigua, Ny, United States

BB

Ben Bellows

United States

Framework Eyewear

Utrecht, Netherlands

B

Brent

United States

Martin Nielsen

Aarhus, Denmark

JF

Jason Foti

United States

PG

Paul Graham

United States

M

Mark

United States

K

kris

Belgium

L

LK

United States

JC

Justin cohan

United States

DK

Danny Kelly

United States

GS

G S

Switzerland

JC

juli camrud

United States

Ask Sarfo a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...