Supply of fertilizers and sprayers for farms

Obeng

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Obeng

Member since

January 2015

On-time repayments

150 installments • 33%

About Me

My name is Obeng Mireku Jnr. I am a native of Kwahu Mpraeso in the Eastern Region of Ghana but I reside in Berekum in the Brong Ahafo Region. I am a second born of the Christian families of Mr. Patrick Obeng Mireku and Mad. Paulina Sakyiwaa Dankwa. I had both Basic and Secondary education in the Brong Ahafo Region. I had my Tertiary education at the Kwame Nkrumah University of Science and Technology, Kumasi where I obtained my Bachelor of Science Degree in Mathematics. Currently, I teach Mathematics at Don Bosco Technical Institute, Odumase and also own an Agro Chemical Shop in Berekum in the Brong Ahafo Region of Ghana.

MY HOBBIES: Swimming, Playing guitar and solving mathematical problems.

My Business

Growing up as a young boy in farming community, I naturally developed the love for agriculture and from childhood till now, I have been involved in the cultivation of food crops. My long life dream of becoming an entrepreneur motivated me to start an agro chemical shop in Berekum after my national service with the help of my father. I did a survey in my area and realized that most of the farmers in my community are gradually changing from the traditional method of using just hoes and cutlasses in farming and have embraced the modern trends of cultivating on large scale, which can be made possible through the use of machinery and agro chemicals.
However, the few agro chemical shops that were available at the time were into what I term as “just buying and selling” without educating our farmers, most of whom are illiterates on the right and appropriate procedures on how to use these chemicals they sell to them.
My passion to offer quality and better services to farmers in my locality so that the chemicals they use in farming wouldn’t have any adverse effect on consumers led to me opening an agro chemical shop in 2009. The name of my shop is FARMGATE AGRO CHEMICALS, located off the Berekum – Dormaa road and opposite the Barclays Bank.
After the necessary education and equipping myself with the necessary knowledge concerning the application and use of agro chemicals and use of farm implements and machinery, I employed one person to help me manage the shop and he takes charge when I am not physically present.
I am now able to support my family and other ventures I enter into due to the proceeds I earn from my Agro chemical shop.

Loan Proposal

Once again, I thank all community members and lenders for the support you have given me till now. My first and second loan was used to increase the stock I had at my shop. I plan to use my third loan to increase the stock of fertilizers that I have and also buy Knapsack manual sprayers. Knapsack sprayers ranges from an average of $11 to $58 depending on the brand and quality. From the statistics I have at the shop, I sell 2 to 3 sprayers a week and I make an average profit of $5 on each sprayer. When my loan application is successful, It means I will be able to buy different brands of sprayers thereby giving me the ability to serve more customers due to the fact that most of the farmers prefer brands such as Jacto, Solo, Matabi and the like which are a bit higher in price to the cheaper brands.