Expanding fish farming business

Abednego Twene Kumi

Kato, Ghana

100% repaid

Entrepreneur

Name

Abednego Twene Kumi

Member since

January 2015

On-time repayments

42 installments  •  60%

About Me

I am a boy of 27 years of age. I completed school at berekum akab complex school, from there i went to Sunyani secondary school and had pass in all my subjects. Life became had and our house is also located near a river side where we used to harvest fish for food and some for sales. I was able raised some amount and went to university. After there i saw that the fish farming was better so i went in for some small loan of which i am managing with my fish farm. My area is water log and is good for fish farming

My Business

I deal in fish farming and i use some to feed my family and also sell some. Most people can not live without food and it served as food to so many people. It has also helped the people in my area to get meat right there. At first they use to travel long distance in search of meat. I choose this kind business because my place or area is very good in that business and that place was where i was brought up. If am being given $400 in a week i can get $54 to $60 profit a week. The loan will also help me to expand my business and also employ more people.

Loan Proposal

I will buy more of fishes to keep in my pond and also buy their feed. sometimes to get their feed to buy becomes a problem so the loan will help me t buy in large quantity. This will benefit me a lot to feed my family and also sell some. It will also help me to expand my business and employ others to work too. I no with the loan i can expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$111.67

Date disbursed

Feb 2, 2015

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $111.67 at 9.78% annual rate over 1 month = $1.23

Service fee: $0.25

Lenders

W

Walter

Victoria BC, Canada

BrianHibbs

South Bend, United States

McJulio

New Jersey, United States

H

howard

Vence, France

E

elourenco

Porto, Portugal

H

HarryPC

Munich, Germany

Dayton

Vancouver, Canada

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