Loan for my animals and then use the profit to pay my fees

Ankomah

Techiman, Ghana

100% repaid

Entrepreneur

Name

Ankomah

Member since

September 2016

On-time repayments

245 installments  •  62%

About Me

I was born in penury family , I was the last born of my parent.I attended primary school in my village at Asueyi. Due to my performance ,with the help of my extended family and I waded through my secondary education in the year 2009.Due to financial hurdle I stayed in the house for almost four years, currently I am a third year student at Valley View University offering Bachelor Secondary Education.Like I said in my first loan application those things still stand

My Business

I work as a sales attendant at my uncle Pharmacy shop when I do not have lectures and I am also into animal rearing I have four cattle male and six sheep four ewe and two ram.People from all walk of life eat and use sheep and cattle. In my town for instance is very lucrative, the inhabitants celebrates two major traditional festivals namely "apoo" and yam festival on such occasions the price of those livestock balloon.
With the help of the lenders help paid my fees done with the on campus teaching practice . is left with the end of the semester exams. I don't want to be idle in the coming Christmas I want to buy more livestock so that I can sell and earn profits, I can confidentially say that the number of my livestock increased I now can boost of having four cattles and 6 six sheep.
School reopens on next week and will begin working on my senior project work

Loan Proposal

Buy cattle and sell them when Moslems are breaking their fasting ,and use the profit to expand it .I will rear different animals as usual
A cow costs $ 250.00 depending on the size i will buy four will be $1,000.00 will buy drugs for their treatment
PROFITS
Will be independently in terms of cash
Will pay my fees at ease
I can help my extended family members too
I can buy more animals
PROFIT EXCEPTED
I will sell them in the month of September and the profit will he $100 each within that short period so the profit will depend on the number of cows I can buy now

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$596.00

Date disbursed

Jun 2, 2017

Repayment status

On Time

Projected term

4 months

Lenders

BS

Brandon S

United States

Paul Buchheit

Mountain View, United States

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