Purchase livestock to increase my animal farming
Hagar
Berekum, Ghana
5% repaid
Entrepreneur
Name
Hagar
Member since
October 2017
On-time repayments
49 installments • 39%
About Me
I started my education at mpatasie Presbyterian school and proceeded to Berekum senior high school.
I could not could not continue my education to the tertiary level due to financial problem.I was employed at Formghana Ltd which I work as a gardener after my secomdary school education.
My monthly income was use to support my brother in the university till he completed. Income from my savings was use to acquire a land to plant teak and cedar.Now I own a teak and cedar plantation farm. This is how I overcame hardship in life.
People in my community and kind to visitors. They are also hardworking.
Most of them are farmers while others are government workers.
The children in my community study hard. Some of them wants to be health workers and others want to be teachers when they grow.
I like playing oware as my hoppy. It is played by two people. Oware is carved wood with twelve holes. Six at one side an six at the other side. There are four seeds in each hole. So each player has twenty four seeds. So at the end of the game the player that has the higher number of seeds has won the game.
My Business
I am a farmer.. I am into mixed farming which includes Teak, cedar, cocoa and also plantain and cassava crop. I chose that business because my family has large acres of land which is fertile.
The demand for cocoa is very high and for that reason the government has set an institution called Ghana Cocoboard. They are in charge of buying cocoa in my country from all farmers. The teak and the cedar are timbers. They are used in carpentry works. That is making of doors,chairs tables and others. Man will not be able to live on earth without food. The plantain and the cassava serves as food to mankind. I do supply many plantains and cassava tubers to market women for sale.
It cost $500 to run my farm business on monthly basis and I do earn 30% returns in every two weeks.
Loan Proposal
When am granted this loan It will be used to purchase Livestock including goats and chickens. I have only two goats of which I want to increase my animal farming together with my plantation. One goat cost 50 dollars meaning when granted the loan I will be able to buy 7 goats amounting to 350 dollars and the remaining loan will be used to feed the goats. When Am able to expand the farm I will generate income which will be used to cater for my family and two needy women in my community. I will raise more profit to increase my farming business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$396.00
Date disbursed
Mar 9, 2018
Repayment status
Late
Projected term
8 months
Other loans
Lenders
European Union, Netherlands
Ask Hagar a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.