Loan to invest in yam business

Abubakari

Kajaji, Ghana

100% repaid

Entrepreneur

Name

Abubakari

Member since

November 2020

On-time repayments

16 installments  •  50%

About Me

My name is Abubakari salifu, am a yam farmer and also a local blacksmith. I was born on 1/7/1988. Am married with four kids. Am from kajaji in the Bono East region. I have a vast land for yam cultivation but I lack the funds to fully operate it. Life is never easy for me, I can hardly feed my four children and my wife. I have not being to school so I can't do any formal job. So I have to take up farming as my job. I believe in being thought how to fish and not being fed with fish, so my generous lenders please help me. I need your help. I want increase my farm from the current two acres to ten acres. I want to also increase my yam mounds from 2000 to 10000. Without your help, I can't achieve this feet. Please help me out. So I can become one of largest producer of yam in Ghana and beyond.
I am also a local blacksmith, I maintain old bowls, basins, pots and many more. The little cash I get from my blacksmith work is used to take care of my family.
I have not being to school, so I want to educate my children to the highest level. So they can fulfil my dream of becoming the teacher I wanted to become. With the above my dear lenders, you can I really need your help. So please help me.

My Business

Am a yam farmer and also a local blacksmith. I started my business 500. I currently have 2000 yam mounds but I intend to increase to over 10000. I sell my yams in Kajaji, Keane Danso and Ejura markets. I harvest 3000 tubers annually but I intend to increase it to over 15000 tubers annually. Am just a poor man, but I know with your help i can become one of the largest producer of yam in Ghana. I believe in my self. I just need to be supported financially.
I make Ghs 1000 weekly and my weekly profit is Ghs 300. I promise to abide by your repayment schedule.

Loan Proposal

I will invest my loan into my business. I am a yam dealer. I sell yam. I am also a yam farmer. I make a profit of 500 per week. My yam farm is currently 5000 tubers. I want increase it to 10000 yam tuers.

Income Source

Many businesses face risk which includes mine. I am committed to repaying this loan. Am a yam farmer and buyer, and from the way I repaid this loan, it's clear I easily repay this loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$172.00

Date disbursed

Dec 26, 2020

Repayment status

On Time

Projected term

2 months

Lenders

mtnsailor

Harrisonburg, United States

A

Anonymous

United States

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Summary

Amount repaid

$172.51

Amount remaining

$0.00

Date repaid

Feb 4, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 4, 2021 $17.27 Jan 5, 2021 $17.27
Jan 11, 2021 $17.27 Jan 5, 2021 $17.27
Jan 18, 2021 $17.27 Jan 5, 2021 $17.27
Jan 25, 2021 $17.27 Jan 5, 2021 $17.27
Feb 1, 2021 $17.27 Jan 5, 2021 $17.27
Feb 8, 2021 $17.27 Jan 5, 2021 $0.87
Feb 4, 2021 $16.40
Feb 15, 2021 $17.27 Feb 4, 2021 $17.27
Feb 22, 2021 $17.27 Feb 4, 2021 $17.27
Mar 1, 2021 $17.27 Feb 4, 2021 $17.27
Mar 8, 2021 $17.09 Feb 4, 2021 $17.09

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