Name
Sandram
Member since
October 2017
On-time repayments
8 installments • 25%
I AM SAKALA SANDRAM AN AGRICULTURIST. I PLANT VEGETABLES AND MORINGA TREES. I STARTED FARMING AT A TENDER AGE AS I NEEDED TO RAISE MONEY FOR MY SCHOOL FEES SINCE MY PARENTS DID NOT HAVE ENOUGH TO TAKE ME TO SCHOOL. EACH TIME I HARVESTED I WOULD SELL AND LEAVE SOME TO CONSUME AT HOME. PEOPLE IN MY COUNTRY ARE VERY LOVING AND THEY LIKE TO EXPLORE NEW IDEAS A LOT. MY CHILDREN WANT TO BE DOCTORS WHEN THEY GROW UP. MY HOBBY OR PAST TIME ACTIVITY IS FARMING ITSELF. I AM MOSTLY FOUND IN THE FARM FIELD EACH TIME I AM FREE.
THE BUSINESS I AM DOING IS SELLING OF FARM PRODUCE MOSTLY VEGETABLES. I AM ALSO INTO MORINGA TREE GROWING AND I WOULD LIKE TO NOW TAKE IT UP ON A LARGER SCALE. MORINGA IS SO MUCH ON DEMAND IN MY COUNTRY AND WORLD WIDE BECAUSE OF ITS MEDICINAL PROPERTIES HENCE MY INTEREST IN TAKING IT UP ON A LARGE SCALE. MY TYPICAL COSTS ARE VARIABLE COSTS AS WELL AS A FEW FIXED COSTS. I PAY FOR TRANSPORT AS WELL AS MY WORKERS THAT ARE ASSISTING ME IN THE FARMS. I ALSO SPEND ON COMMUNICATION COSTS.... I MOSTLY USE MY PROFITS FOR REINVESTMENT AND MY CHILDREN'S SCHOOL FEES. AND OTHER HOME IMPROVEMENTS.
I WILL USE THE MONEY FOR SOME OF MY FARM SUPPLIES LIKE MORINGA SEED WHICH WILL COST ME ABOUT $600. AND HIRING OF EQUIPMENT WHICH WILL ALSO COST ABOUT $170. THIS WILL HELP ME A LOT ESPECIALLY IN MY COMMUNITY AS IT WILL EXPAND MY BUSINESS AND BRING IN MORE PROFITS.. MY PROFITS WILL INCREASE BY 50% BECAUSE OF THIS LOAN.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Oct 13, 2017
Repayment status
On Time
Projected term
6 weeks
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