Loan to pay unversity fees

Akalo Enoch

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Akalo Enoch

Member since

January 2016

On-time repayments

107 installments  •  20%

About Me

hello lenders my name is Akalo Enoch, l come from Kumasi in the Ashanti Region of the Abuakwa community kumasi .I am the second born child in a family of five children,I was born 27 years ago and grew up in the village.My life as teenager was hard but enjoyable. Even the though I walked long distances to school,I enjoyed because I could play with my friends . I went to Abuakwa R/C primary school and Sunayni Secondary school which was 5km away from where l stayed. I worked hard in school and passed well. and currently i am pursuing degree in Agriculture science at Cape coast university,, ghana
After completing my senior high education in Agriculture in 2011,I decided to start farming so as to raise fees for my degree.I knew farming was a good business because I had seen my auntie do it and was successful. I borrowed a lot of practical knowledge from my auntie farm,and always called her whenever things were not well in my farm.I borrowed $130 from my brother that I used to set up a horticulture farm,I grew cabbages a and carrots pepper, tomatoes base on the two farming season that we have in ghana raining season and hamattan season and the business went well.I was able to sale the produce pay the loan and had some money left for reinvestment. I have since expanded my farm to an acre and my dream is expanding it to three acres,by second quarter of 2017.
I am not yet married but I am in a relationship that could lead to marriage after my completion .I love soccer reading novels movies etc. I spend my free time with friends and peers watching soccer and playing soccer . I also visit friends and other farms during my free time.

My Business

I run a medium sized farm that I am looking forward to expanding in future. The farm provides fresh and healthy leafy vegetables eg cabbages and carrots as well as fruit vegetables like tomatoes pepper and capsicum.
the demand for these goods is high because of the high population . I am well known farm and people would always make orders through phone and I deliver.
I choose farming business because it is profitable and easy to juggle farming and education.
my typical costs per month average is $120-$130 and my typical revenues average is $250-300 per month.
I use the money to pay for my university fees,help my parents and pay fees for my other siblings

Loan Proposal

Hello lenders,I hope that you are fine and doing great l. I feel humbled to join these great team and I know it will help me go to greater heights. I am kindly requesting a loan of 100$. when l i receive this money I would add to my 300$ saving to clear up my fees so that I can begin the second semester course and l hope my request would be considered,all your contributions are welcome lenders and god richly bless you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$93.00

Date disbursed

Jan 26, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $2.41

Akalo opted to pay $3.55 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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Matching Fund

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