Loan to buy farm machinery

Eric

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Eric

Member since

October 2017

On-time repayments

87 installments  •  6%

About Me

My name is Eric Asante, I'm 29 years old. I come from Kumasi in the Ashanti region of Ghana. I'm the third out of five children of my parents. I attended basic school at Atonsu junior high school, where I completed with good grades. The good aggregate I had in my junior high school education warranted me to enter senior high school, Bompeh senior high school in Takoradi, the capital city of western region. I read agricultural science at senior high school. After my high school education, I enter the Takoradi Technical university to pursue HND in Agriculture Science, in 2010, I decided to practically utilize the agricultural skills acquired, so I started farming. Now, I can boast of a 6 acres of plantain plantation and an acre of cocoa plantation. I have also attained a diploma in banking and finance, which I acquired at the same university in 2014. I have also opened up a microfinance firm where I have two workers running the business on my behalf.
My hobby is playing cards and football. I live on the income from my harvested produce and the profit from the microfinance business.

My Business

My main business is farming, it has been my work ever since I left high school. I produce crops such as plantain and cocoa.
I have 6 acres of plantain farm and 1 acre of cocoa. These farms give me income which I use to take care of my family and also use some to improve upon the farm work. Currently, the government of Ghana has realised that farming is one of the key to nation development so there has been more attention o farmers welfare. I have the vision of becoming the best farmer in Ghana and in the world as a whole. Aside farming, I also run a microfinance business where people's money have been saved and invested in other businesses to gain profit.

Loan Proposal

I'm a farmer, I have been farming in recent years. I deal in cash crops like cocoa, coconut plantations.
I need money to buy some farm tools to support my farm business.
I need to improve upon my farm produce.
Please lend me this amount to help me hit my target this year. Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$48.00

Date disbursed

Nov 4, 2017

Repayment status

On Time

Projected term

19 months

Lenders

PG

Paul Graham

United States

A

Andrei

United States

Paul Buchheit

Mountain View, United States

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