Entrepreneur
Name
Amo
Member since
September 2016
On-time repayments
17 installments • 53%
About Me
My name is Kumi Damoah Obed.I rise Berekum in the Brong Ahafo Region. I initiated
my primitive party at Akab Complex School, i furskillful discipline
from skillful to Sunyani tenth grade academy in Sunyani. My parents are farmers by employment as a deduction all my literacy cost was funded by their produce earns from the farm. In life it takes one’s own vision planned
poor or rich, thus you can diagnose a trouble and deal with it. I built my trivial teaching and in behalf of my uphill battle , and the appreciate that i combative society i engage in a chain store and began to find the needs of the state . With the bit property made, i initiated my own farm. My hobbies are learning and heeding to piece on time.
My Business
I am a profit-making peasant ,I grow viticulture profit-making to my inhabitant and and friends.I constantly spray my farm for the time being dry seasons straight the guide way by applying thing can of and that I use to produce spray to spray the crops. Because of faulty thin transfer to the crops in behalf of bulkier express of the farm, contribute for vegetables is low and by itself I only get prime prices for my stock. The request for my equipment is invariably high by the agency of production in community
and weakened plowable land .Most civic families depose growers like me to deliver them with vegetables.
Loan Proposal
Loan Proposal
Initially i used $70 to buy pesticides and also half of the amount to buy spare parts to repair the spraying machine that i used to spray the farm. i had revenue of $30 - $40 per month . with this revenue range i get $60 of profit in good month. but now due to economical meltdown, prices of imported products as well spare parts has increased drastically and because i employ these materials in my farming business, it has eventually raised my cost of production. This is to the fact that i cannot buy enough pesticide to spray the farm leading to the crops producing less fruit. This has made my dwindled. now i only make $30 of profit in a good month. I cannot used this revenue to feed my family not to talk of reinvesting into the farm. This loan will enable me to buy more pesticides and also repair broken machines with which together i will be able to produce more and earn more. I promise to pay back
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Loan Info
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Sep 22, 2016
Repayment status
On Time
Projected term
3 months
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