Cocoa farming

Joshua

Kwapong, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Joshua

Member since

November 2016

On-time repayments

51 installments • 100%

About Me

About Me
I am Akuu Joshua 32years, and black in complexion. I am third in a family of nine. I come from Sandema in the Upper East Region of Ghana. At the age of 5years, I was sent to my uncle at Tetrefu where I started schooling in the Bosomtwe Atwima district in the Ashanti region, Ghana. My uncle his wife are into farming as their main occupation which I offered a lot of help to them especially during school holidays.
I stayed with my uncle and completted my basic education where I wrote my basic education certificate examination. It was very necessary to help in the farm. Right after I left the Junior high school and our final exam results were released, I was placed at Opoku Wari Senior High School and to my surprise Agriculture science was given to me to offer. I offered the course very well with great passion and completed successful with flying colours . My Second cycle education (SHS) school days, I use to visit my parents at Sandema once in a blue moon. My uncle admires and appreciate my efforts alot .Farming was practicals to me in my studies. at those days was now like moving from learning theory in the class room to study practical’s using plants and chemicals and the soil. My studies was born out of determination,dedicaton and hard work. I manage to complete successfully. To be a master of my field, I continue my first degree at Ghanas only university of Science and Technology (KNUST) in the Ashanti Region to study business management. After completion, I manage to raise my initial resources for the business and continue gradually until I put up my own cocoa business.
I lent money from a micro-finance company after some time. The fertility of my farm was so great.fertility of my farm land, I never run into losses. My wife and children are all happy we can cater for ourselves.I benefited a lot and i thank God for that .

My Business

My Business
The family has adopted cocoa production as their means of employment. I have a great passion in doing i.e. currently I am one of the consistent providers of cocoa to the government of Ghana. I am gradually changing my food crops farming to all cash crops. I now produce cocoa seedlings for other farmers to buy. It is of late more profitable and rewarding as compared to food crops. Off late I don't plant food crops in big quantity but rather in a small quantity for family consumption even though their patronage was high. I used $2000 to commence my farming business. My children education bills are settle by the income generated from the farm yields. The little income which remains after all the cost and my debts are settle, is further injected on the farm to create bumper yields.Portion of the loan ($100) shall be executed on building fence for cocoa seedlings. I will also use $150 to buy chemicals to spray the cocoa . 20% out of the loan will be executed the purchase or buy farm inputs such as cutlasses, holes, water cans etc. $500 will be used to rehabilitate the storage house. &700 will be used to acquire new plot to raise new cocoa trees for higher yields.
$150 will be used to hire labor to clear the weeds in the cocoa farms and to prepare the new farm lands for cocoa seedlings to be planted to expand the cocoa farm and increase future yields. I shall donate $100 to support young and hardworking guys to also generate businesses . I always advocate for the youth to enter into the agriculture business. I will also offer $100 to support the building of a community library in my village which will promote studies in my village. I will finally use the remainder of the money to pay for my masters studies.

Loan Proposal

Loan Proposal.
My cocoa business will receive a massive boost . upon the reception of my first loan, there is no doubt to whether my business will smile once more.When I get the loan I shall use part to hire more labors to clear the weeds, spraying the cocoa and the seedlings and to also harvest those that are ready for harvesting. I shall buy a lot of working machines and inputs that are useful for farming and preservation of the harvested crops .
I also have the intention of buying some of the cocoa beans from the village farmers where it is cheaper. I shall use part of the money to produce enough seedlings to satisfy my customers demand. The current storage house of the cocoa beans is not in good form and needs rehabilitation and expansion. I shall use part of the money to rehabilitate and expand the storage house to get enough space to store the cocoa beans. Not only that but I shall buy freezers and refrigerators to store the perishable goods to make them available at all time for consumption and satisfaction .
I have the intention of acquiring a big plot to expand my cocoa farm and achieve a bumper yield and will achieve it. The fraction of the money left shall be used to develop myself academically.