GadFed Farms: producing palm oil

Fred Ayisi

Kwabenya - Accra, Ghana

67% repaid

Entrepreneur

Name

Fred Ayisi

Member since

July 2020

On-time repayments

15 installments  •  33%

About Me

Fred Ayisi is my name and 30 years of age, I'm from Ghana and a systems engineer by profession. Despite my education and profession I find my heart in the agribusiness so therefore I am into rearing and sales of livestock like goats, pigs and palm oil production and supplies. I have a dream of helping the world improve food security as for a while now, food security has become one of the q1A-/,world's most confronting issue. I believe I have almost all it takes to be successful in this area of business. My greatest challenge so far has been financially, which I believe me becoming a member of the Zidisha family by the help of lenders I will gradually succeed in my business and eventually become a lender to other people who will be joining us in this family.

My Business

GadFed Farms is the name of my business and I am into rearing and sales of livestock a,/nd also a 22 Acer of palm farm which I process into palm oil after haverst. So far so good business has been good and sustainable. At this point I seek to expand my business both the livestock and the palm oil production. The whole expansion requires a sum of four thousand dollars ( $4000). Yes I know and I understand the systematic means of increasing my credit on Zidisha so therefore do not expect to get a whole loan sum of that at a go. I am willing to gradually build my credibility and ties with lenders.

Loan Proposal

As a palm oil producer, with machinery capacity of five tonnes, currently producing below four tonnes with a high demand for oil on the market. I have a dream of becoming one of the best oil producers in Africa in a space of five years. Also it is my wish to be a major contributor to the global goal of food security as champion by the wold bank. With the help of loans from Zidisha I am looking forward to be able to also creat job opportunity to youth in my Community to help improve their life just as Zidisha is doing for me.

Income Source

As a producer of palm oil in my local community I have a very high demand (buyers) and therefore with a machinery capacity to produce more oil for the buyers whom I supply twice in a week paying back my loan is possible and very importantly I am one person who puts my loans and lenders first after sales since they are my source of capital which I use to run my business, I therefore do all possible thing to keep a good relationship with my lenders. Thanks very much for considering to support my dream.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$153.15

Date disbursed

Sep 16, 2020

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $10.38

Credit risk payment: $11.39

Lenders

D

drakekids

Greensboro, United States

S

stroll

Stockholm, Sweden

R

rmacaw

Australia

Jason

Auckland, New Zealand

Mikers

Netherlands

Wouter Schoonveld

Amsterdam, Netherlands

Fox Family

Costa Rica

Mr Chris Turner

Cambridge forever England, United Kingdom

BS

Brandon S

United States

Dan Brinkman

Lynden, WA, United States

J

Jo

United States

B

BSM

France

Hans Moor

Vorden, Netherlands

Lurch

United States

TL

Tao Luo

United States

Norway

JS

Justin Saxton

United States

Julie

United States

G

Gabi

Turkey

mabo

Germany

Mark Wilco

Columbus, OH, United States

World Centric

Sonoma County, California, United States

MB

Meg Brigman

United States

T

Thomas

United States

Edwin Torres

Santa Ana, Calif., United States

A

Andy

United States

Tony Barbou

Grenoble, France

R

Rebecca

United States

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