Local manufacture of seed-spreading drones
Samuel
Accra, Ghana
100% repaid
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$121.00
Date disbursed
Oct 26, 2020
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Spain
Australia
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