Loan to buy spraying machine and pesticide

Theophilous

Dormaa Ahenkro, Ghana

100% repaid

Entrepreneur

Name

Theophilous

Member since

July 2016

On-time repayments

59 installments  •  15%

About Me

I am Theophilus, married with 2 kids a boy and a girl. I completed senior high school at salvation army senior school. After school, I started involving myself in farming which gives me good income to sustain my family.I also do have 5 sheeps and 10 goats,which it gives me a total of . 1500 ghana cedis in a year. I want to give my children a better education and not to let them suffer they way i did when i am in school. I love playing soccer sometimes but really love my farming job as my hobby too.

My Business

My business is farming for commercial purpose and I mainly plant maize and other vegetables which gives profit because in my area people don't involve themselves in maize farming and that's why I decided to do it. The risk of this business is in dry season and heavy rain because it need a short rain ,it also need pesticides to prevent it from pests for it to grow well. .
Pesticides and spraying machine for my acres of land will cost about 200 dollars.
When it is harvested, i gain profits of about 700 to 800 dollars. I then use some of the money to buy new seedlings for next growing. Also part of the money is use to pay my children school fees.

Loan Proposal

I am appealing to the lenders of zidisha to offer me loan to buy pesticides and spraying machine to help me spray my maize farm in other to prevent pests from attacking and destroying it. Two boxes of pesticides will cost me 80 dollars and pumping machine will also cost 70 dollars and will also hire other people to help me spray the farm which they normally charge around 30 dollars.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.00

Date disbursed

Jul 16, 2016

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

PG

Paul Graham

United States

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