Inventory of fertilizer for my agro chemical shop
James
Atebubu, Ghana
8% repaid
Entrepreneur
Name
James
Member since
March 2016
On-time repayments
73 installments • 81%
About Me
I am called Yeboah James, a 28 years old young man. I come from Amantin in Atebubu constituiency. I also went to Basic school at the Anglican Basic School and furthered at Amass High School. My father died when I was 17 years . Is my mother whom i stayed with. I preferred waakye and stew . draft is the game I like best.
My Business
The name of my agro chemical shop is "THE GRACE AGRO CHEMICALS". It is located at Atebubu along the Atebubu-Kumasi main road. I started this business about 5 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides, weed killers etc. I have employed one worker who have been helping me always at the shop. I live in a farming community so there is a high demand for these agro chemical products. This therefore help my business to flourish very well. I managed to get profit ranging from $45 to $70 every week. Which assist me cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.
Loan Proposal
Dear lender, I would be very grateful if you could offer me another loan of $ 585.00. If this loan is granted me, I will be using it to purchase about 35 bags of 125kg NPK organic fertilizer. This will help local farmers to increase their yield. By so doing it will also help me to increase my profit margin by at least 50%.
I pledge to repay the loan on time.
I hope my humble appeal will be given serious consideration. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$70.00
Date disbursed
Aug 7, 2017
Repayment status
Late
Projected term
13 months
Other loans
Lenders
Denver, United States
United States
United States
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