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.
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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
United States
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