More cocoa seedlings and hire labour

Boadi Alex

Bechem, Ghana

100% repaid

Entrepreneur

Name

Boadi Alex

Member since

August 2017

On-time repayments

120 installments  •  22%

About Me

As the first male born of nine children i started school while i was with my parents. Then in 2007, when i got to primary five, my father brought us(by then seven siblings) including my mother to our hometown and went with a different woman to stay with. I managed to complete JHS in 2002 upon the hardships i went through of helping people on their farms for money. My intention was to stop schooling and enter into farming by then, but with the little help from my mother i was able to complete in 2005. Since my result could help me further my education, i continued at the University for Development Studies in September 2014. Upon entry, it was only in the first year i could pay my fees in full. For subsequent years i remained number one on the debtors' list till completion when i gathered money from my National Service allowance to pay before taking my certificate.

My Business

Since my intentions have been to enter into large scale farming i have secured over twenty acreages of land to plant cashew to be shared equally with the landlord which is termed in our local parlance here as ''abubu'' I was motivated by the fact that cashew has become the next cash crop after cocoa in Ghana, providing income for people who go into it.
Moreover, i don't want to always remain a dependent, rather self-sufficient individual capable of helping other people such as Zidisha is doing.
Since it is a cash crop and needs time to mature i have not started gaining anything in the form of revenue from the cashew yet. Not this withstanding, i do plant yam, cassava as well as maize which i do sell to hire labour. I do spend an estimated amount of over five thousand Ghana cedis(GHC5,000.00) per annum on the farm. This amount is distributed in buying weedicides, cashew nuts for planting, cost of hiring labour and other farm tools.
In addition to the cashew, i do plant cassava maize and yam, and proceeds from there go to help my other brothers and sisters in their education. Finally, intenda using part of my salary be repaying the loan since i am a teacher.

Loan Proposal

hello my lenders l thank you for the support you are giving in my cocoa farming activities , in fact my farming work has improved since l joined zidisha and l am appealing to all my lenders to grant me this loan to buy more cocoa seedlings and to hire a labor for the clearing of m y cocoa farm and this will bring extension of my cocoa farm with the additional cocoa seedlings l am purchasing to plant thank you and may God bless you my lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$142.80

Date disbursed

Nov 1, 2017

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $3.80

Lenders

ErikN

Stockholm, Sweden

S

SvenWaage

Stavanger, Norway

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

Gab

Singapore

Dave Bogard

New York, United States

W

Wade

United States

MR

Michiel Rauws

San Francisco, Netherlands

PG

Paul Graham

United States

N

Nick

United States

wissam

Jeddah, Saudi Arabia

A

Andrei

United States

CR

Christine Randall

Brisbane, Australia

Christopher Hey

Sudbury, Canada

Elise E

United States

BS

Brandon S

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

C P

Mazatlan, Mexico

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

GB

Gernot Barnreiter

Vienna, Austria, Austria

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