Loan to boost my agro chemicals business

Yeboah Silas

Atebubu, Ghana

10% repaid

Entrepreneur

Name

Yeboah Silas

Member since

February 2016

On-time repayments

211 installments  •  13%

About Me

I am called Yeboah Silas. I am 28 years of age, dark in complexion and moderately built. I come from Atebubu in the Brong Ahafo Region of Ghana. I am from a family of three and the first son of my parents. I had my primary and Basic Education at the Atebubu D/A Basic School and furthered at Amantin Senior High School in the Brong Ahafo Region of Ghana. I could not continue to the tertiary level due to financial hardships. My father died when I was 18 years old so I was catered for by my mother alone. My mother is a poor farmer so no money to further to the tertiary level of the educational ladder. I am a self-employed. I run my own agro chemical business. I entered into this business due to the high demand for agro chemical products. Over the few years of my practice, I have been able to employ two people who have been giving a helping hand at the shop. The food I like best Fufu and bush meat soup. The game I like best I is football. My hobbies are reading, swimming and watching football.

My Business

The name of my agro chemical shop is "THE FAVOUR OF THE LORD AGRO CHEMICALS". It is located at Atebubu along the Atebubu-Kumasi main road. I started the business about 5 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides weedicides etc. I have employed two workers who have been helping me always at the shop. I live in a farming community so my products go on well for me. I was able to get profit ranging from $35 to $60 every week. Which assist me to cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.

Loan Proposal

Dear lenders,thank you for the first loan given to me .It has really helped me a lot in my business. I need a second loan of GHS 391.00 to help purchase enough agro chemicals like fertilizer,pesticides and other weeds killer into my shop so that i can sell more to the local Farmer's in my area. When i get this loan to purchase this items,it will help increase my weekly profit by 20% so my lenders help me and i will repay my loan on time.thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.56

Date disbursed

Oct 11, 2016

Repayment status

Late

Projected term

42 months

Cost to entrepreneur

Service fee: $2.53

Lenders

Matching Fund

Sterling, United States

A

Ansgar

Australia

PG

Paul Graham

United States

MS

Mike Sutherland

United Kingdom

L

Lucy

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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