Loan to boost my agro chemicals business
Yeboah
Atebubu, Ghana
10% repaid
Entrepreneur
Name
Yeboah
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$101.00
Date disbursed
Oct 11, 2016
Repayment status
Late
Projected term
42 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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