Growing and selling vegetables

Fatile

Ado Ekiti, Nigeria

100% repaid

Entrepreneur

Name

Fatile

Member since

February 2020

On-time repayments

41 installments  •  44%

About Me

I am Fatile Temidayo,a minister in (Methodist Church Nigeria) and an undergraduate student of University of Ilorin.
Ekiti State indegine, hard-working person.

My Business

Local scale farming
I plant vegetables in different layers,it assist me to harvest twice in week for bulk sales while five times a week for individual sales.
I am also involved in planting pepper (atarodo), about to start water melon plantation as well.

Loan Proposal

I will first put the transportation of my harvest proceeds in place,making arrangements for the vehicle,driver etc.
Thereafter,the purchase of some seedlings and inventory.
The wages of my workers(employers) will not lack behind,their welfare policy will be adjusted as necessary,I gave them some of the harvested crops on monthly basis.
Finally,the actual gains at the end of each week is calculated,till the month end when the general account of the farming Enterprise will be done,we do not lose at all, because adequate implementation are put to place.
Above all, thanks to God for the favourable weather.

Income Source

I have decided to go extra mile in selling my harvested crops,for instance;I have planned of going to other markets in the neighboring towns and villages,hawking of some unperishable goods in the town I resides,calling on people that specializes in selling daily harvested crops,family consumption, catering services for big and medium parties and celebration like Birthday,funeral, marriage, festive periods (upcoming ileya-muslims new year) etc.
The leftover gains (previous month) and debts will be paid,so it will also help in prompt payment of loan repayment.
My stipend do come often,so I use part of it for my farming and loan repayment,even other investment I started have start yielding,I have triple sources of income now that are guaranteed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$58.00

Date disbursed

Jul 25, 2020

Repayment status

On Time

Projected term

2 months

Lenders

R

Ru

New York, United States

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