Plantain and plantain suckers for planting
Richmond
Kukuom, Ghana
100% repaid
Entrepreneur
Name
Richmond
Member since
January 2016
On-time repayments
130 installments • 81%
About Me
I am Richmond from a small village called sabronum in the Ashanti region of Ghana west Africa. But I lived at Kukuom in Brong ahafo region of Ghana west Africa. I was born to a family of ten children and I am the first born to my parents and I also have three children and I have been taking care of all the family members. Because I am only person who has attained high level education. So I my little income from my teaching to support my family members. Because the money is not enough for the family members I decided to go into farming so I planted plantains and it has helped me and my family members I used little income of money to support my family. I have been into farming for the past three years .I want my children to become doctors, nurses and professional teachers
My Business
I am into plantation of plantains and it's suckers. It is of very high demand specially the suckers when they are planting new suckers in a new farm. It is easy to produced the suckers in many quantity. It's a business of high profit because if you invest GHS 1000 for preparation of suckers in three months you will get profit of about GHS 2000. The cost of planting sizable farm is GHS1000. I will use the profit from the farming to improve the living standard of my family and also use some to expand my farm.
Loan Proposal
I will use part of the money 200 dollars to buy land which will be use to construct house for my children in future, I will also use 150 dollars to support less privilege people in my community I will also use so 100 dollars to further my education as well as my children education. Also I will use 200 dollars of the money to hire labors to work in my farm ,I will give 200 dollars to my wife to invest in her provision store this will help increase her profit and this will affect the living standard of the family, I will also use 200 dollars to go into other farming activities like growing of vegetables like Cabbage, carrots and French beans with this I can supply my community with good vegetables which will generate a lot of profit , I want my children to get quality education to become Doctors Nurses and Engineers and I will help needy people in my community and others from different communities.this loan will help me to expand my business into commercial farming , I need money to this expansion of business. I my profit will be used to support my family members education because education is very important
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$927.00
Date disbursed
May 5, 2016
Repayment status
On Time
Projected term
3 months
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