Purchasing "pop" decoration materials & fixing ceiling joints

Michael Asumadu

Nkoranza, Ghana

100% repaid

Entrepreneur

Name

Michael Asumadu

Location

Nkoranza, Ghana

On-time repayments

86 weekly installments  •  72%

About Me

Michael Asumadu is my Name , From Nkoranza in the Brong Region .. I am 24 years old and I am entrepreneur.. I have 2 kids.. I am a hard working man. I was born in Nkukua Bouho in the Ashanti Region and schooled in Solid Foundation Experimental School where i completed my Junior high school and pursued my Senior high at Dwamena Akenten Senior high where i couldn't complete due to financial difficulties. I started working for people a sales person. I was able to manage to buy a plot of land and start building in 2013. Due to this experience i got from my building, Most friends were influenced in my hard work and needed my support to help them also buy a plot of land and start something , this where my passion for building starts and i gathered a team of Architect ,Mason and Civil engineer and that's when i started my Construction Firm "MicAlex Construction Solution.

My Business

MicAlex Construction Solution
Started 2018 last year and our aim is to help support every youth own their home and also closing unemployment rate by employing new skills to our work.

Michalex Centenary Agribusiness
Michalex Centenary Agribusiness which will soon be changed to Greenbelt Agricult Consult is a registered Agricultural business
headquartered in Ghana, is a start-up progressive agricultural company for purpose of producing quality commodities such as cash crops and livestock rearing for human consumption.

Objectives
• To be in 7-10 years among the top 5 producers of all farming produce in Ghana, West-Africa.
• 100% customer satisfaction, measured through repeated customers’ referrals and surveys.
• Increase sales substantially in the second full year of operation.
• Establish strategic relationships with our customers.
• Increase gross margins in the next five years.
• Reach the point of sustainable profitability

Mission
It is Michalex Centenary Agribusiness mission to become the leading producer of cash crops and livestock rearing in Nkoranza and Brong Ahafo Region as a whole and spanning to cover Ghana in general, and help build a vibrant community based food system.

Vision
Our vision is to become a beacon of hope for the nation through utilization of modern farming techniques to grow quality foods for all.


Michael Asumadu Foundation

The Michael Asumadu Foundation is a non-profit organisation which was established with the sole purpose of transforming young people’s minds and lives in the West Africa . The philosophy upon which the Foundation is built emphasizes enhancing Africa’s Education, Health and Wealth to enable Africans to assume responsible roles in the development of our nation.

Loan Proposal

This loan will be used to purchase ceiling joints and also fixing of the joints to enable us to do Pop decoration inside all the rooms.

Income Source

Like i have proven in my last 2 loans. Covid 19 has hit us hard but i promise to pay off my loan with my savings and also the little profit i will make from my business.

Feedback

1

None

None

  • Erik G    Aug 6, 2020

    thanks for all your communication and prompt repayments Michael and for your community focus in your work. Very pleased to be able to extend another loan to you to help you continue to grow your impact.

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United States

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Basel,  Switzerland

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Columbus,  United States

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Marquette,  United States

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Manama,  Bahrain

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New York,  United States

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Lagos,  Portugal

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United States

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Helsinki,  Finland

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Atlantis!!!! x),  Mauritania

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Perth,  Australia

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Stockholm,  Sweden

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London,  United Kingdom

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Midhurst,  Canada

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Wellington,  New Zealand

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Göttingen,  Germany

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Mika

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Chilli

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mhuuden

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Helen

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Rafael

Switzerland

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PS

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CL

Caleb Liu

United States

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Melissa

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Loan Info

Disbursed amount

$403.59

Date disbursed

Aug 20, 2020

Repayment status

On Time

Projected term

4 months

Cost of loan

Service fee: 10% of $403.59 = $38.34

Credit risk payment: $42.23

Optional expediting fee: $38.34

Ask Michael 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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