Loan to buy carrot seeds, tomato seeds, knapsack sprayer etc

Danso Collins

Dormaa Ahenkro, Ghana

12% repaid



Danso Collins

Member since

January 2017

On-time repayments

98 installments  •  70%

About Me

At tender age,my parents who were big time farmers would take me to their big cocoa and cashew farms. In school,it developed my interest in farming activities so I did Agricultural science. After Senior High school I went into vegetable farming. I realized that most of the people in my community were big into cash crops such as cocoa and cashew. I am of the view that I can possibly get some profits from this vegetables since their maturity periods are very shot as compared to growing cash crops which are harvested annually. My parents did not like the idea but I have been able to prove them wrong. They visit my farm and commend me for what they see. Now they even support me in my endeavours.

My Business

I grow vegetables such as Cabbage,tomatoes,onions,pepper and okro. These are things that are demanded daily and that is why I entered into it. I went into farming with about Ghs120. Today, I have a business capital of about Ghs10,000. I have been able to buy a tractor to work on my farm through this vegetable farming. I have employed farm assistance who are seen working on my vegetable farming daily. I have bought more Knapsack sprayers to enable me to spray to control weeds and insects. I m also happy when I visit my farm and my workers work very hard because I motivate them well.

Loan Proposal

I wish to to request for a support to improve my vegetable farm business as usual. I believe to obtaining the highest profit than the previous because of the experience gained. I would want to buy the following, carrot seeds, tomato seeds, pepper seeds, beans etc. Quantity and prices are as follows
1) four cups of carrot seeds $6.4
2). Five cups of pepper seeds $5.3
3). Two Knapsack spraying machines for spraying $12.3
4) Five bottles of weedicites for controlling weeds $13.2
5) three bottles of insecticide for controlling insects on the farm.
It is my hope that these items will help my farm obtain a good yield as has been previous seasons so as to obtain more profits. With this loan amount and the profits I obtained from the previous farming activities, I will weed a vast hectare of land to include more vegetables. I am aiming of going into a large commercial farming where my produce will be bought at the farm gate by retailers to avoid transportation expenses.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Apr 23, 2018

Repayment status


Projected term

9 months

Cost to entrepreneur

Service fee: $9.62

Credit risk payment: $19.24



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