Second water pump for farm irrigation

Seth Afari-boateng

Accra, Ghana

100% repaid

Entrepreneur

Name

Seth Afari-boateng

Member since

December 2014

On-time repayments

267 installments  •  86%

About Me

Seth Afari-Boateng is my name. I am 22years of age. A recent graduate of the Presbyterian University College in Abetifi,Ghana. I studied Bsc. Mathematics with Statistics.

The town i had my university education that is Abetifi is sorrounded with over 13 small villages with population close to 50 for each.

Whiles in school, i had the opportunity to visit most of these villages by forms of outreach programmes to teach and impact the young ones the importance of Mathematics in education and life as a whole.

My Business

Upon my visit, i realised the main occupation of people there are farming and livestock. And even with that its very difficult for thier produce to be bought since road networks to the villages are very poor and bad in condition. This has then made their produce lie waste and rot after harvest. Their livestock also tend to grow old and later they consume it themselves.
I then made it a promise to help them sell thier produce and livestock whiles in school buy gathering money from friends and going to these villages with a small truck to buy and convey the livestock and produce back to the town markets for sale.

I first gathered 150cedis = $45 from friends.

I rented the truck for 50cedis=$15 for a day, bought livestock and farm produce with the extra 100cedis=$30 from them.

I later brought the goods to the town market and sold all and made a profit of 50cedis=$15 from the sale.
I repayed all the monies to took from friends and had about 20cedis=$6.3 for myself

This brought many smiles and happiness to their lives because the money the recieved made them enroll their children school and also have some money on them for upkeep of their farms and homes.

I then continued this activity once or twice every month depending on my schedule in school. I sometimes breaked even with me benefiting nothing but i was so excited anytime i get to the villages and see them with smiles of me coming to give them hope.

Loan Proposal

Thanks once more for helping out with my previous loan. The number of farmers have increased in the vicinity hence making the request for an additional water pump vital to help quicken their farming activities.

Also December to February is a dry season in Ghana which dries up most water bodies, This second water pump would help benefit all the farmers in the vicinity and also be hired to other farmers in the neighboring communities for a fee.

Water irrigation was one persistent problem in this village until with the help of my second loan was used to purchase a pump for them. They have now started to grow major vegetables that sell quick in the town market but with the dry season approaching, the need for an additional pump to enable the farmers work efficiently.

I intend to use this loan to get the farmers a water pump which costs $240 = 900GH. With the help of this loan of $330 = 1270GH($149 = 570GH after deductions) I would top up extra $85 = 325GH to purchase a mid-end high quality water pump that would be used to pump water from a nearby river along the farms to the farms to enable the vegetables yield fast enough for them to harvest their crops.

This water pump would be used by 10 farmers in the vicinity and also for hire to neighboring farmers for a fee. This would enhance the farming and also decrease man-power labor used for farming.

They would then pay back by using profits yielded from their weekly sales at the town market and also income gained from the hire.

Please help fund this loan and keep the dreams of these farmers to be an existing one forever in their lives.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$318.50

Date disbursed

Dec 25, 2015

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $8.10

Seth opted to pay $63.30 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

joerg

Berlin, Germany

R

Raabo

Rungsted, Denmark

Hope2012

United Kingdom

M

Mårten

Inden, Switzerland

xtrahardware

Cazenovia, United States

N

NeoOzymandias

United States

KO

Kevin OBrien

Denver, CO USA, United States

Y

YP

Malaysia, Germany

G

Gianni

Venice, Italy

MS

Mike Sutherland

United Kingdom

Ask Seth a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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