Local manufacture of seed-spreading drones

Samuel

Accra, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

October 2020

On-time repayments

15 installments • 27%

About Me

I am Adom Jesse
I am an ambitious and trustworthy individual with in-depth knowledge in computing and software programming.

My Business

We are a team of five who provide affordable services to farmers in Africa, with the aim of helping farmers cut down labor cost while increasing their crop yield.

Loan Proposal

Wingxtrer Technologies, the company I currently operate is expanding quickly in the sub regions of Ghana as farmers are adapting to the use of modern drone technology as an affordable means of cultivating crops. We currently have three 10L drones in service and two prototypes of seed spreading drones. We have encountered a sharp increase in our market size as farmers in Ghana are now appreciating the need for drone technology in agriculture. There has therefore been the need for increase in the number of our locally manufactured drone fleet. An amount of GHS 20000 is needed to manufacture two additional crop spraying drones with larger tank capacity and one operational seed spreading drone to cater for our current market size.

Income Source

My startup, Wingxtrer Technologies makes an average of GHS 300 profit per week from our current three crop spraying drones in service. 90% of the profit earned weekly would go into repayment of the loan taken. Also, all our themed drones are covered by insurance and should we encounter any accidents we would still be able to repay for the loan taken without problems.