Loan for investment and microfinance business

Eric

Kumasi, Ghana

1% repaid

Entrepreneur

Name

Eric

Member since

October 2017

On-time repayments

87 installments  •  6%

About Me

My name is Eric Asante, I'm 29 years old. I come from Kumasi in the Ashanti region of Ghana. I'm the third out of five children of my parents. I attended basic school at Atonsu junior high school, where I completed with good grades. The good aggregate I had in my junior high school education warranted me to enter senior high school, Bompeh senior high school in Takoradi, the capital city of western region. I read agricultural science at senior high school. After my high school education, I enter the Takoradi Technical university to pursue HND in Agriculture Science, in 2010, I decided to practically utilize the agricultural skills acquired, so I started farming. Now, I can boast of a 6 acres of plantain plantation and an acre of cocoa plantation. I have also attained a diploma in banking and finance, which I acquired at the same university in 2014. I have also opened up a microfinance firm where I have two workers running the business on my behalf.
My hobby is playing cards and football. I live on the income from my harvested produce and the profit from the microfinance business.

My Business

My main business is farming, it has been my work ever since I left high school. I produce crops such as plantain and cocoa.
I have 6 acres of plantain farm and 1 acre of cocoa. These farms give me income which I use to take care of my family and also use some to improve upon the farm work. Currently, the government of Ghana has realised that farming is one of the key to nation development so there has been more attention o farmers welfare. I have the vision of becoming the best farmer in Ghana and in the world as a whole. Aside farming, I also run a microfinance business where people's money have been saved and invested in other businesses to gain profit.

Loan Proposal

I'm a farmer and a microfinance business man, I would like to take a loan from zidisha to boost up my microfinance business. I would like to also loan out the money I take from zidisha at an interest of 35% , since zidisha charges 5% service fee I will be getting 30% profit on the money I loan out and that will be used to repay the loan back to zidisha or I will invest the money into businesses to also generate more profit and repay the loan.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Mar 12, 2018

Repayment status

Late

Projected term

19 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$1.12

Amount remaining

$90.11

Expected completion

Oct 12, 2019

Status

Repaying late

Installment amount

$1.12

Repayment History

Expected Payments Actual Payments
Mar 24, 2018 $1.12 Apr 29, 2018 $1.12
Mar 31, 2018 $1.12
Apr 7, 2018 $1.12
Apr 14, 2018 $1.12
Apr 21, 2018 $1.12
Apr 28, 2018 $1.12
May 5, 2018 $1.12
May 12, 2018 $1.12
May 19, 2018 $1.12
May 26, 2018 $1.12
Jun 2, 2018 $1.12
Jun 9, 2018 $1.12
Jun 16, 2018 $1.12
Jun 23, 2018 $1.12
Jun 30, 2018 $1.12
Jul 7, 2018 $1.12
Jul 14, 2018 $1.12
Jul 21, 2018 $1.12
Jul 28, 2018 $1.12
Aug 4, 2018 $1.12
Aug 11, 2018 $1.12
Aug 18, 2018 $1.12
Aug 25, 2018 $1.12
Sep 1, 2018 $1.12
Sep 8, 2018 $1.12
Sep 15, 2018 $1.12
Sep 22, 2018 $1.12
Sep 29, 2018 $1.12
Oct 6, 2018 $1.12
Oct 13, 2018 $1.12
Oct 20, 2018 $1.12
Oct 27, 2018 $1.12
Nov 3, 2018 $1.12
Nov 10, 2018 $1.12
Nov 17, 2018 $1.12
Nov 24, 2018 $1.12
Dec 1, 2018 $1.12
Dec 8, 2018 $1.12
Dec 15, 2018 $1.12
Dec 22, 2018 $1.12
Dec 29, 2018 $1.12
Jan 5, 2019 $1.12
Jan 12, 2019 $1.12
Jan 19, 2019 $1.12
Jan 26, 2019 $1.12
Feb 2, 2019 $1.12
Feb 9, 2019 $1.12
Feb 16, 2019 $1.12
Feb 23, 2019 $1.12
Mar 2, 2019 $1.12
Mar 9, 2019 $1.12
Mar 16, 2019 $1.12
Mar 23, 2019 $1.12
Mar 30, 2019 $1.12
Apr 6, 2019 $1.12
Apr 13, 2019 $1.12
Apr 20, 2019 $1.12
Apr 27, 2019 $1.12
May 4, 2019 $1.12
May 11, 2019 $1.12
May 18, 2019 $1.12
May 25, 2019 $1.12
Jun 1, 2019 $1.12
Jun 8, 2019 $1.12
Jun 15, 2019 $1.12
Jun 22, 2019 $1.12
Jun 29, 2019 $1.12
Jul 6, 2019 $1.12
Jul 13, 2019 $1.12
Jul 20, 2019 $1.12
Jul 27, 2019 $1.12
Aug 3, 2019 $1.12
Aug 10, 2019 $1.12
Aug 17, 2019 $1.12
Aug 24, 2019 $1.12
Aug 31, 2019 $1.12
Sep 7, 2019 $1.12
Sep 14, 2019 $1.12
Sep 21, 2019 $1.12
Sep 28, 2019 $1.12
Oct 5, 2019 $1.12
Oct 12, 2019 $0.45

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