Buying seedlings to increase production

Richard

Dodowa, Ghana

16% repaid

Entrepreneur

Name

Richard

Member since

March 2021

On-time repayments

7 installments  •  14%

About Me

Am into farming, I have been in farming for the past 12years,i farm meanly rice and groundnut/peanut, now is getting close to a farming season and I need money to buy seedlings to increase my production capacity.

My Business

The farming business has been booming of late here in Ghana since 2017 since the new Government of Ghana introduced the planting for food and jobs, and planting for exports and rural development, this has really made Ghanaian to love the local foods which has helped in my line of business.

Loan Proposal

Need the loan to buy seedlings for my business/farm, the farming industry is booming in ghana, because of the policies of the new government, so there has been a high taste for local foods by household now, and I believe I will be able to meet up.

Income Source

As many households need food to survive in this time of the pandemic, we the farmers are making a lot of returns form our produce and with that I will be able to repay the loan.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$62.00

Date disbursed

Mar 8, 2021

Repayment status

Late

Projected term

7 weeks

Lenders

Cloudways

Malta, Malta

sderickson

Berkeley, CA, United States

R

Ru

New York, United States

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Summary

Amount repaid

$10.03

Amount remaining

$52.25

Expected completion

May 2, 2021

Status

Repaying late

Installment amount

$4.22

Repayment History

Expected Payments Actual Payments
Mar 21, 2021 $0.18 Mar 7, 2021 $0.18
Mar 28, 2021 $4.22 Apr 15, 2021 $4.22
Apr 4, 2021 $4.22 Apr 15, 2021 $4.22
Apr 11, 2021 $4.22 Apr 15, 2021 $1.41
Apr 18, 2021 $4.22
Apr 25, 2021 $4.22
May 2, 2021 $40.99

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