Loan to repair my farm tractor and to buy sowing seeds

Danso

Dormaa Ahenkro, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Danso

Member since

January 2017

On-time repayments

98 installments • 70%

About Me

At tender age,my parents who were big time farmers would take me to their big cocoa and cashew farms. In school,it developed my interest in farming activities so I did Agricultural science. After Senior High school I went into vegetable farming. I realized that most of the people in my community were big into cash crops such as cocoa and cashew. I am of the view that I can possibly get some profits from this vegetables since their maturity periods are very shot as compared to growing cash crops which are harvested annually. My parents did not like the idea but I have been able to prove them wrong. They visit my farm and commend me for what they see. Now they even support me in my endeavours.

My Business

I grow vegetables such as Cabbage,tomatoes,onions,pepper and okro. These are things that are demanded daily and that is why I entered into it. I went into farming with about Ghs120. Today, I have a business capital of about Ghs10,000. I have been able to buy a tractor to work on my farm through this vegetable farming. I have employed farm assistance who are seen working on my vegetable farming daily. I have bought more Knapsack sprayers to enable me to spray to control weeds and insects. I m also happy when I visit my farm and my workers work very hard because I motivate them well.

Loan Proposal

My tractor which helps me to my work on my farmland so easily has developed engine fault. I will also need some vegetable seed and planting materials to enable me work efficiently. I will need more of the Knapsack sprayers in addition to what I already have now that my farm is expanding.. The cost in repairing the tractor engine will be around $36, I will buy tomatoes seeds $12, buy cabbage seeds $10 .I want to include planting of carrots this season so I will buy carrots seeds $12 to nurse to plant to an area I have demarcated on my farmland. I will buy Five Knapsack sprayers $11 to enable me spray and to control weeds. I will obviously obtain some profits if I'm able to raise money to buy the above items. I'm therefore pleading with lenders to assist me.