Bukari
Kumasi, Ghana
100% repaid
Name
Bukari
Member since
March 2016
On-time repayments
194 installments • 56%
As a second born to my parent, and the first male born, my parent had to do whatever it takes to get me educated so that i would be a successful person in the future to take care of the family,
I schooled and was ready for senior high school, my father feel seriously sick and couldn't work anymore, I had to go through difficulties for four years in the high school and i graduated,
Since finances became a problem to the family i couldn't further to the tertially stage, I thought of a business plan to start so as to help me solve the financial problem,
Currently Im on a business but it isn't growing up since the finance it needs to build it strong is a problem to come by,
The land or place i found myself, the business can mature if there is a finance to back it up,
Since i can't further my school because of financial problems, Im more interested in setting up my own business and build it up,
This new business is to produce a good called cocoa, cocoa is a plant that is produced in some part of Africa including my country Ghana. This good is very useful in demand in my country because it's the main sources if agricultural income for Ghana, we export cocoa to foreign countries, cocoa sinuses to produce a lot of products such as chocolates and Milo,
I choose have chosen this business because it is a very lucrative business in Ghana, to talk about rich people in Ghana, most of them are cocoa farmers,
The main cost of this business are fertilizers, insecticides and the production tools, one needs these to be able to have an effective cocoa production.
The profit from this business can be used for other things due to high level of profits, it can be used for reinvesting in the cocoa business again and for setting up different businesses.
I will buy filters which is used to filter water in the production room so as to keep the produced water very clean which will enable boost the rate at which my goods or "drinking water" is sold, These will cost 35$,
Also, i will buy rubbers which is the main item used in production of the water, With 100$ i can get additional three rubbers to had to my two i always afford to purchase, with five of the rubbers plenty of bags of the water can be produced and sold, in doing so my profit will be much higher than working with only two rubbers.
With all these expectation of profit rise could be from 50% to 80%,
This will enable me to do a lot with that profit.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 5, 2016
Repayment status
On Time
Projected term
5 months
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