Planting teakwood trees

Richard

Berekum, Ghana

67% repaid

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How it Works

Entrepreneur

Name

Richard

Member since

December 2014

On-time repayments

186 installments • 70%

About Me

My name is Richard Sampong, I live in Berekum in the Brong Ahafo Region of Ghana, I reside in Forestry Bungalow with house Number AM/562 A at Berekum, I am first born of Christian families of my parents. I started my Secondary School at Abetifi Technical Institute in the Eastern Region of Ghana. And further at School of Forestry in the Brong Ahafo Region of Ghana. My hobbies are; Music, Football and Reading.

My Business

After completing the school of Forestry, I am now a Forester in Berekum Municipality in Brong Ahafo Region of Ghana. I have been able to cultivate about five (5) Hectares of Teak Plantation at Berekum. The teak stands are about eleven (11) years old, and it’s ready for thinning. Now the demand for teak is high for export. The price of teak per cubic metre is also high and now it has become a lucrative business. As we all known teak has got various benefits. These include (1) global warming (2) check erosion (3) Oxygen and carbon dioxide (4) wood by product e.g. furniture, panels, T’n’G, and etc.

Loan Proposal

Because of the various benefit of in the teak product, I would like to expand the teak plantation, but my capital is woefully in adequate for the expansion. So I want Zidisha to come to my aid so as to expand the teak business. I can pay this loan with my monthly salary, or even the income of the sale of the teak. And I will not hesitate to pay any loan Zidisha will disburse to me irrespective of any amount. Thank you.