16 weekly installments • 50%
I am Mohammed Issifu a native of Techiman in the Bono East region of Ghana. I am a farmer and business man. I am into the cultivation of cashew and also the sales of traditional clothes such as Kente and smocks.
I owe eight acres of land at Krobo around Techiman of which five acres have been cultivated already. Out of the five acres, three is matured for harvest. I am also into the sales of traditional clothes such as Kente and smocks of which I take my supplies from the Northern and Ashanti region of Ghana. The initial setup capital was given to me by a brother who is a teacher.
The amount to be loaned to me will be used to increase my stock of smocks. And part of the amount will be used to hire labourers to work on the cashew farm.
The amount has will be diversified into the smocks and the cashew farm so that if there is a lapse in one sector the other sector will be relied on to settle the loan.
Jun 11, 2021
Cost to entrepreneur
Service fee: 5% of $173.51 = $8.16
Credit risk payment: $32.63