Entrepreneur
Name
Emmanuel
Member since
January 2018
On-time repayments
53 installments • 17%
About Me
I was born and bred in Kumasi, the capital of Ashanti Region. I attended St. Cyprians Anglican Middle School. I was then eager to continue my education but due to financial constraints all my efforts proved futile. My father had a piece of land uncultivated, so I decided to use it for farming to support my family and earn some money for my education. I did this for some time and was able to use the little money gained from it to support my education until the senior high school level. After my senior high school, there was no money, so I decided to stick full time to the farming which I had been doing.
The land which I am from is full of natural resources and also the people from the land are hospitable. I wish my kids the best of careers in life. My hobby is reading of books.
My Business
The goods I provide are mainly foodstuffs such as: tomatoes, plantains, cassavas and many more. These goods and services are useful because food is needed in the human life always. The demand for these stuffs is very high as they are always needed. I chose this business because it is highly profitable. The typical cost and revenue now is 5% since the money gain is not that huge due to my inability to purchase more seedlings for cultivation. The profit gain is used to reinvest into the farming as it helps me to earn more profit.
Loan Proposal
When i receive the loan, i will buy more different kind of seedlings to support my farm, also buy fertilizers to enrich the soil to get better soil for my plants.
Seedlings each cost about 20cedis and will be attending to buy about 10 and also fertilizers and each also cost 40 cedis. When my loan is granted i expect my profit margin to increase by 10 percent,
About Me
I was born and bread in Kumasi the capital of Ashanti Region. I attended ST. Cyprians Anglican middle School. I was then eager to continue my education but due to financial constrains all my efforts prove futile. My father has a piece of land uncultivated, so decided to use it for farming to support my family earn some money for my education. I did this for sometime and was able to use the little money gain from it to support my education till the Shs level. After my shs level, there was no money so i decided to stick full time to the farming of which i have been doing till now. The land which i am from is full of natural resources and also the people from the land are hospitable. I wish my kids the best of career in life. My hobby is reading of books.
My Business
The goods i provide are mainly food stuffs such as tomatoes, plantain, cassava and many more. These goods and services are useful because it is needed in the human life always. the demand for these stuffs is very high as they are always needed. I chose this business because it is highly profitable. The typical cost and revenue now is 5% since the money gain is not that huge due to my unable to purchase more seedling for cultivation. The profit gain is used to reinvest into the farming as it helps me to earn more profit.
Loan Proposal
When i receive the loan, i will buy more different kind of seedlings to support my farm, also buy fertilizers to enrich the soil to get better soil for my plants.
Seedlings each cost about 20cedis and will be attending to buy about 10 and also fertilizers and each also cost 40 cedis. When my loan is granted i expect my profit margin to increase by 10 percent,
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Loan Info
Project Type
Classic Loan
Disbursed amount
$67.00
Date disbursed
Jan 13, 2018
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United States
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