Mechanized maize and cassava farming

Bismark

Dormaa, Ghana

100% repaid

Entrepreneur

Name

Bismark

Member since

February 2016

On-time repayments

111 installments  •  77%

About Me

My name is Amanfo Bismarck, i started my primary school at jinijini presby schooI and I continue my secondary school education at jinijini secondary school and now have graduated from university cape coast Ghana, I need a loan to expand my business in farming, I am into cassava planting and also cash crop like cashew and oil palm plantation. I need a loan to expand my business. I want to employ laborers to assist me to expand my farm
It was not easy in the beginning, I started alone , doing the weeding and planting my self, no support from any where.
The unique thing about the community that am living is that they are all doing subsistent farming,and the land is for the people in the community and how to acquire the land is not difficult .
I will like my children and grandchildren to have better and quality education.
I was a table table Tanis player during my primary, secondary and tertiary education, am still a good table Tanis player, also I was a footballer during my primary education. I will be very happy if my application reach your kindness heart.

My Business

I provide raw cassava and also gari and starch for my costumers
Raw cassava is use for fufu and 90% of Ghanaians eat fufu and banku every day so the demand for cassava and maize is very high, it has ready market so if u invest in cassava and maize plantation,the probability of gaining is high.
The typical cost and revenue is as follows, weeding $20 for acre and planting $15 for acre.and acre can be sell at 100 to 120$ depending on the season
I will reinvest to make the business grow.
I also provide my customers with fresh and dried maize.

Loan Proposal

I want to use the money to buy pumping machine and the price of around 1000$ and I want to produce all year round so if am able to buy the machine it means am not going to depend on natural rainfall again and am expand my production into vegetable production .
I will get more profit and since am able to expand my farm it means more labor will be needed, this means people will get work to do in my farm and I will be able to provide the demand of my customers.
I will also be financially free and my life is going to improve.
I want my profit to increase up to 100% when am able produce all year round
I hope my loan is going to be founded so that me and my worker life will change

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$437.00

Date disbursed

Aug 2, 2016

Repayment status

On Time

Projected term

8 months

Lenders

Zidisha

Sterling, United States

Hedwich

Gorssel, Netherlands

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

ExplorerOz

Sydney, Australia

PG

Paul Graham

United States

Donna Manton

Australia, Australia

Craig Newmark

United States

Craig Travis Provyn

Bradenton, Florida, United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

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