Entrepreneur
Name
Sarfo
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
I have a five hectares cashew farm which has been given the best of attention due loan I have acquired from Zidisha. I have purchased another three hectares which I intend cultivating cashew on. I am also into the purchase and reselling of cashew nuts. I would use $200 to purchase cashew ,$100 for weedicides,$200 for land preparation,$100 for planting. I would use $400 for purchasing cashew nuts for reselling ,$50 dollars for transportation of the nuts, $50 for purchasing of sacks,$100 for laborers and $100 for miscellaneous. Proceeds from my farm and profit generated from the sale of the nuts as well as my monthly salary (a teacher) would be my sources of income for repayment.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,414.00
Date disbursed
Jun 11, 2016
Repayment status
Late
Projected term
66 months
Other loans
Lenders
Hong Kong
United States
United Kingdom
United States
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