Bukari
Kumasi, Ghana
100% repaid
Name
Bukari
Member since
March 2016
On-time repayments
194 installments • 56%
As a second born to my parent, and the first male born, my parent had to do whatever it takes to get me educated so that i would be a successful person in the future to take care of the family,
I schooled and was ready for senior high school, my father feel seriously sick and couldn't work anymore, I had to go through difficulties for four years in the high school and i graduated,
Since finances became a problem to the family i couldn't further to the tertially stage, I thought of a business plan to start so as to help me solve the financial problem,
Currently Im on a business but it isn't growing up since the finance it needs to build it strong is a problem to come by,
The land or place i found myself, the business can mature if there is a finance to back it up,
Since i can't further my school because of financial problems, Im more interested in setting up my own business and build it up,
This new business is to produce a good called cocoa, cocoa is a plant that is produced in some part of Africa including my country Ghana. This good is very useful in demand in my country because it's the main sources if agricultural income for Ghana, we export cocoa to foreign countries, cocoa sinuses to produce a lot of products such as chocolates and Milo,
I choose have chosen this business because it is a very lucrative business in Ghana, to talk about rich people in Ghana, most of them are cocoa farmers,
The main cost of this business are fertilizers, insecticides and the production tools, one needs these to be able to have an effective cocoa production.
The profit from this business can be used for other things due to high level of profits, it can be used for reinvesting in the cocoa business again and for setting up different businesses.
When i am able to get this loan, i will buy a motor kia which is like a kia car so it would be used to carry the produced water to supply to my customers and to sell to others as well, i can get this motor kia in the price of as low as $500, this means when Im able to get this loan i will add a couple of some amount to it so i will afford to bye, which i have that amount already awaiting,
When i am able to afford this motor kia it will bring a lot of benifit, because it will make the work so simple and easy, and also i will be able to meet all my customers needs, because with only one motor kia sometimes i am not able to serve all my customers within a day, so when im able to afford a second one it will help me to serve all my customers needs during a day, and also when one devolope a fault and gets to the fitting shop the other will be used for working at that moment,
Another secondly benefit is that it will create an employment for someone, because i will employ one more person to the business so that the person will be riding the motor kia to serve people with the water, and i will pay the person, this is a very good benefit,
In fact when im able to get this loan and able to buy the motor kia it will really boost the sales in my business, because two motor kia distributing water at the same time brings a lot of money than using only one motor kia, I will be expexting a 50% increase in profit compared to the current profit i make, just because the rubbers used for the production of the water will be finishing at a faster rate.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$316.00
Date disbursed
Oct 8, 2016
Repayment status
On Time
Projected term
4 months
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