Loan to buy cocoa seeds for sale

Akormedi

Accra, Ghana

15% repaid

Entrepreneur

Name

Akormedi

Member since

March 2021

On-time repayments

8 installments  •  63%

About Me

I am Akormedi Korshie a framer in the Volta region of Ghana and I work in Accra as a distributor of a cocoa. I was living in the village when I was born with my parents, they were framers and do not have money to take care of my education to the highest level but I was able to complete S.H.S when I was 20 years of age since my father die at that age I was not able to continue my education, so I decide to become a framer. From that time till today I have been farming and I have a large cocoa farm in my village. Through my hard work I have been able to invested in buying cocoa seeds from farmers and due to that I have relocate my self to Accra to do business.

My Business

I buy and sell cocoa seeds and I also run different businesses in Accra. I have a large cocoa farm in the village of which I also make money from its proceedings.

Loan Proposal

I have been able to pay off my loan and i need this loan to add to my capital to be able to buy more bags of cocoa seeds for sale. It will help me increase my capital so that i can buy more cocoa seeds from the farmers and sell to make profit. Part of my profit is used to support my family and the needy in my community.

Income Source

I can pay off the loan because the demand of cocoa seeds is high here in Ghana and in case of risk I will pay back the loan from the profit I make from my other businesses.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$159.00

Date disbursed

Mar 19, 2021

Repayment status

Late

Projected term

6 weeks

Lenders

B

bscent

Hong Kong

Dave Bogard

New York, United States

PP

Pasi Paajanen

Helsinki, Finland

C P

Mazatlan, Mexico

Darrel Wratten

Cape Town, South Africa

SW

Sean Walsh

United States

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Summary

Amount repaid

$24.52

Amount remaining

$136.83

Expected completion

May 1, 2021

Status

Repaying late

Installment amount

$8.17

Repayment History

Expected Payments Actual Payments
Mar 27, 2021 $8.17 Apr 3, 2021 $8.17
Apr 3, 2021 $8.17 Apr 3, 2021 $8.17
Apr 10, 2021 $8.17 Apr 15, 2021 $8.17
Apr 17, 2021 $8.17
Apr 24, 2021 $8.17
May 1, 2021 $120.48

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