Hiring tricycle for carrying farm produce

Ababio Seth

Apam, Ghana

17% repaid

Entrepreneur

Name

Ababio Seth

Location

Apam, Ghana

On-time repayments

2 weekly installments  •  100%

About Me

I am a 53 years old man married with 3 kids. I have been working as a farmer for over 25 years. my parents are typical local farmers and you automatically learn from them. none of my parents thought of furthering my education since in those days school was seen as a waste of time . that time in school would have been used to plant coacoa and few years time you harvest.
i had a piece of land from my dad and from that land i worked very hard and added a bit of marketing in the cities that made me an exceptional farmer and i managed to buy my own land to farm on.

My Business

i have coacoa farm that i harvest from at least time in a year. i have my cash crop farms made up of tomatoes, and cabbage farms.

currently i spend a lot taking my farm produce from the farm to the market. i want to buy a tricycle that can help me bring my produce from the farm to the market.

Loan Proposal

I applied for my initial loan with the hope of getting an amount to purchase my tricycle to carry my farm produce.
I later realised that based on your faithfulness on the little given you , you have the chance for a higher loan.
Currently I really need the tricycle but since it will take a while to get about Ghc 10000 to get my tricycle, I will want to rent one and use it temporarily till am able to get a credit limit higher enough to purchase one fully for work.
I will love to be assisted in any way possible.

Income Source

Over here in my village, cocoa farming is going well.
My wife takes some of my produce to the cities to sell to get income.
I have a small taxi that provide me daily income of ghc 70.00, so on a bad days repayment will not be a problem.

Feedback

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Lenders

Babbitt Family Foundation

Sioux Falls, SD, United States

Loan Info

Disbursed amount

$56.90

Date disbursed

Jun 7, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: 5% of $56.90 = $2.83

Credit risk payment: $11.31

Optional expediting fee: $5.65

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