Fertilizer, sprayer, watering can and cutlasses for my farm
Emmanuel
Kumasi, Ghana
8% repaid
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 am granted this loan, I intend to purchase first manure to enrich my soil for easy cultivation. Also, I will buy a knapsack sprayer to be able to spray unwanted weeds and pest off my farm. I will also buy additional cutlasses, a water can to supply water to the part of my farm where I find it difficult supplying water. The price of a bag of manure is 80 cedis of which I will need two bags at the moment. On the other hand, the price of knapsack sprayer is 100 cedis and the water can is 60 cedis. I will use the remaining money to purchase any number of cutlasses I can afford. This will help me be able to produce more food for customers as well as enable me to earn profit
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 am granted this loan, I intend to purchase first manure to enrich my soil for easy cultivation. Also I will buy knapsack sprayer to be able to spray unwanted weeds and pest off my farm. I will also buy additional cutlasses, water can to supply water the part of my farm where I find it difficult supplying water. The price of a bag of manure is 80 cedis of which I will need two bags at the moment. On the other hand the price of knapsack sparyer is also 100 cedis and watercan is 60cedis. I will use the remaining money to purchase any number of cutlasses it can afford. This will help me be able to produce more food for customers to as well enable me to earn profit
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Loan Info
Project Type
Classic Loan
Disbursed amount
$106.00
Date disbursed
Apr 2, 2018
Repayment status
Late
Projected term
11 months
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