Andrews
Kumasi, Ghana
14% repaid
Name
Andrews
Member since
August 2016
On-time repayments
105 installments • 19%
Poverty is one of the major problem facing people in Africa though we have enough lands to cultivate in order to improve our live conditions. But currently, it is very difficult to secure funding for farming and that is not helping the youth like myself who love farming and will like to make it a business to create jobs for themselves and others. I was very lucky to have inherited from my late dad a cocoa farm which i want to improve on it. I believe with the help of Zidisha loan scheme, i will be able to expand my business so as to employ a lot of people and also inter into other areas of farming as i desire to do. This way i will not only help to solve unemployment issue facing my country but i will also contribute to the export commodities which can help our economy as a country.
Basically, am a farmer and am into cocoa farming. It is family legacy which i inherited and i intend to expand it by adding animal farming and also other areas of crops production. I enjoy doing this business because it is a good source of income and i do not have to worry about payment from any one which might delay. Every year, am able to get not less than 100 bags from my farm and i want to improve it by expanding it to the lands i have but yet to be cultivated. I believe if am able to do so, i can increase the bags i get a year to 200 or even more which has always been my dream. I also was want to enter into cassava farming which i have enough land to do that. I have started breeding grass cutter and snail to start animal farming this year. It is very lucrative farming business and i love to get involve. Currently, i want to expand my business and add value to my products before selling to the market. I want to package my products very nicely to attract more customers and my next loan will be used for that purpose.
This loan am requesting is to help me design the brand and packages for my farm products. This will make it attractive and eazily identified by my customers. Also this will increase the sales i make per day since i can now sell to super markets and other shopping center. I will use $70.71 to pay for the design of branding and the remaing $95 for the packages that i want to use for my products. Am expecting my sales to increase by 50% and thus increase my profit.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$277.00
Date disbursed
May 20, 2017
Repayment status
Late
Projected term
28 months
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