Ghana

Cocoa farming



Entrepreneur
Bismark Amanfo
Dormaa, Ghana
Invited By: Ronald Kyere
Invited Members: 4   View

Volunteer Mentor: Abdul Aziiz Asoma
Followers: 41
Feedback Rating: 100% Positive (1)
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On-Time Repayments: 100% (47)
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This Loan
3% Repaid


Disbursed Amount: $621.69
Date Disbursed: Apr 28, 2017
Repayment Status: On Time
Repayment Frequency: Weekly Projected Term: 117 months
Cost of Loan: $30.99
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Cost of this loan

Service Fee: 5% of $621.69 = $30.99


Story
About Me

My name is Amanfo Bismarck, i started my primary school at jinijini presby schooI and I continue my secondary school education at jinijini secondary school and now have graduated from university cape coast Ghana, I need a loan to expand my business in farming, I am into cassava planting and also cash crop like cashew and oil palm plantation. I need a loan to expand my business. I want to employ laborers to assist me to expand my farm
It was not easy in the beginning, I started alone , doing the weeding and planting my self, no support from any where.
The unique thing about the community that am living is that they are all doing subsistent farming,and the land is for the people in the community and how to acquire the land is not difficult .
I will like my children and grandchildren to have better and quality education.
I was a table table Tanis player during my primary, secondary and tertiary education, am still a good table Tanis player, also I was a footballer during my primary education. I will be very happy if my application reach your kindness heart.

My Business

I provide raw cassava and also gari and starch for my costumers
Raw cassava is use for fufu and 90% of Ghanaians eat fufu and banku every day so the demand for cassava and maize is very high, it has ready market so if u invest in cassava and maize plantation,the probability of gaining is high.
The typical cost and revenue is as follows, weeding $20 for acre and planting $15 for acre.and acre can be sell at 100 to 120$ depending on the season
I will reinvest to make the business grow.
I also provide my customers with fresh and dried maize.

Loan Proposal

I will buy spraying machine, fertilizers and chemical to maintain my cocoa farm and the amount is 700$
If am able to apply good cultural practices, I will get more profit because when am able I can get more cocoa beans to sell.
I will get money to finish my housing project.
I will give my children good health care of of my children
I will get more than 100 percent because when the land is rich the plant will produce more fruits.
Thank



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Cocoa farming

Bismark Amanfo
Dormaa, Ghana

3% Repaid