Loan to prepare cocoa seedlings to sell to customers

Ronald Kyere

Berekum, Ghana

Funds disbursed

$0 to go

100% funded of $2,000 goal

0

days left

Entrepreneur

Name

Ronald Kyere

Member since

February 2015

On-time repayments

199 installments  •  83%

About Me

I am kyere Ronald.I started schooling at AKAB Complex School, continued at Berekum secondary school, completed and continued at tertiary Stage.
I am working as a sole proprietorship as farmer. I entered into farming in the year 2013 with some capital of about $500 with two workers who are being paid monthly.

My Business

NURSERY OF COCOA SEEDS
When finished second cycle, I was gingered to farm. looking at my community I opt for nursery of cocoa seeds simply because, majority of people living in these area are cocoa growers. They have rich lands for agriculture .Many of them choose to grow cocoa. I use that opportunity to start to cocoa seeds nursery. Few people were doing that and during the farming season cocoa seedlings become scarce. I was able to produce 3000 cocoa seedlings in my first year.surprisely; people were chasing me for it. Now, I am able to produce 300000 cocoa seedlings throughout the year.Some of the challenges associated with the cocoa nursery include; ordering of the cocoa seeds, nursery site/space/shade, potting/polybag filling, planting seed, watering, and pest and diseases control.

THANKS TO LENDERS.
I give thanks to all the Zidisha lending groups and the individual lenders who made my dream came into reality.
May God bless and fill all their sources of income so that they may get some to finance the needy ones like me.

Loan Proposal

I thank all my lenders for how far they have bought me. In fact, I am very sincere about their support and counseling they have given to me during my repayment schedules. The loan they gave me yields $ 540 as profit. I have used some of them ($350) to cater for my family and my two orphans who are in school.
My customers this year have approached me to prepare seventy thousand cocoa seedlings for them to buy. After calculations,I can see to its that money in my possession can't afford the project. I am Herr to raise a loan to embark this project. I hope if lenders helped me with this project,I am sure I can bag a huge some of profit (roughly $1200 after deduction)
These are the items I will buy with the money:
80,000 Cocoa seedlings (400)
5 bags of fertilizer ($100)
2 boxes of poison to check pests and diseases($110)
90,000 sachets rubbers for bagging of soil (350)
3 spraying machines for watering ($150)
6 workers to assist me for three months period ( $600)
If lenders help me to prepare this seedlings, I will be in a better profit ($1200) after all my spendings.
Thank you!

Feedback

14

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  • guenter    Apr 7, 2017

    Congratulations!!

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  • Dean Suminski    Mar 18, 2017

    Congratulations on repaying your loan! I think I will have a cup of cocoa to celebrate.

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  • Flipmore    Mar 17, 2017

    Ronald has fully repaid his loan, on time, and with very good communication. He is an excellent role model.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,000.04

Date disbursed

Oct 16, 2018

Repayment status

Late

Projected term

7 months

Cost to entrepreneur

Service fee: $61.15

Credit risk payment: $244.61

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