Purchasing "pop" decoration materials & fixing ceiling joints

Michael Asumadu

Nkoranza, Ghana

100% repaid

Entrepreneur

Name

Michael Asumadu

Member since

May 2019

On-time repayments

117 installments  •  57%

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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Loan Info

Project Type

Classic Loan

Disbursed amount

$403.59

Date disbursed

Aug 20, 2020

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $27.47

Credit risk payment: $30.26

Optional expediting fee: $27.47

Lenders

A

Anninymouse

Southampton, United Kingdom

Brian

Midhurst, Canada

C

Christian

Saarbruecken, Germany

Mikey

London, United Kingdom

valentin

Stockholm, Sweden

R

Raabo

Rungsted, Denmark

tycho

Madison, WI, United States

AltruisticSelfishnes

Chicago, United States

D

Davieboy

Melbourne, Australia

lietu

Tallinn, Estonia

DeanDropshot

Oslo, Norway

Charmonica

London, United Kingdom

F

Fiodal

Helsinki, Finland

Martin

Manama, Bahrain

johnandmoliehi

Canton, New York, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

andreas

St. Georgen / Gusen, Austria

A

AlexCheng

Seattle, United States

S

Senryu91

caldogno, Italy

B

briansedz

Canton, Ohio, United States

M

mgeck

Munich, Germany

J

jasonbronowitz

Tempe, United States

F

FilemonInvest

Odense, Denmark

S

SlyDoh

Tomball, Tx, United States

Sundstroms

Falun, Sweden

T

Talex

Nürnberg, Germany

Cloudways

Malta, Malta

N

nicknz

Wellington, New Zealand

postnihilist

Honolulu, United States

fairspirit

Utrecht, Netherlands

M

marcmesich

Kaohsiung, Taiwan

F

fundfinite

Wellington, New Zealand

numbat

Perth, Australia

Zal0m0n

Atlantis!!!! x), Mauritania

A

AndrewC

London, United Kingdom

R

run426

DeBary, United States

JonB

London, United Kingdom

A

Anonymous

United Kingdom

xtrahardware

Cazenovia, United States

D

dcheung

San Francisco, United States

MrMichigander

Marquette, United States

mikeice

Kohler, United States

C

Clben7

Cincinnati, United States

G

GanSatya

United States

sderickson

Berkeley, CA, United States

J

janakan

Hong Kong, Hong Kong

D

drorm

United States

J

Jonas

Linköping, Sweden

M

Marko

Helsinki, Finland

J

jenda

Czech Republic

R

ruth11

United Kingdom

chriseyre

Fremont, Ca, United States

R

RonEddy

United States

B

bscent

Hong Kong

Vesa

Helsinki, Finland

W

wesbh89

United States

T

Tim47

United States

K

Keith

Luxembourg

A

AlexH

United Kingdom

K

kennychit

United States

K

Kebrenagast

New York, United States

PolarBearCapital

United States

R

ross22

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

J

Joanne

Switzerland

E

Erich

Zurich, Switzerland

Dave Bogard

New York, United States

Jake Badger

Roskilde, Denmark

Richard

Shrewsbury, United Kingdom

E

erica

antwerpen, Belgium

Daniel Hammarberg

Gothenburg, Sweden

moursund

Beaver Nation, United States

I

Ian

United Kingdom

C

cota

United States

ME

Manaal Eisa

Washington DC, United States

BB

Ben Bellows

United States

Paul Smithson

Leeds, United Kingdom

A

Andrei

United States

Thomas

Sweden, Sweden

KK

karl kerksiek

United States

Bill Ballew

Kansas City, Missouri, United States

SA

Shar Alamdari

Los Angeles, United States

Lulu

Germany

M

Marama

Australia

RG

Ryan Gough

United States

Ellen

Michigan, United States

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

WC

Walter Clarke

Phoenix, United States

P

Peter

United States

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Carrie

Arlington, MA, United States

L

lysander

Australia

RD

Roel De Meester

Antwerpen, Belgium

DO

Denis Ontiveros

Guildford, United Kingdom

BR

Brian Rickman

United States

C

Carol

Bayswater, WA, Australia

Girolamo Marroccoli

Basel, Switzerland

LT

Lisa Taylor

California, United States

KC

Karen Case

United States

EA

Eric Ayers

Atlanta, United States

S

Sulekha

United States

BS

Brian Schmidt

United States

J

Jim

Canada

A

Anonymous

United States

EB

Evan Batten

United States

AF

Amon Feen

Göttingen, Germany

SA

silvia arguedas

san josé, Costa Rica

Taylor Vaughn

Nashville, United States

BS

Brendan Scanlon

Troy, United States

DM

David McGaughy

Elkhart, KS, United States

M

Mika

Switzerland

KF

Kathy F

Memphis, TN, United States

C

Chilli

United States

Michael Winter

Hessisch Oldendorf OT Rumbeck, Germany

ND

Nick DiCesare

Denver, CO, United States

Dustin Lape

Lynchburg, United States

Peter Collins

Darmstadt, Germany

P

PatrickZisha

United States

Outi

Finland

Nathan

Columbus, United States

SS

Sean Sullivan

Austin, TX, United States

LD

Lisa Dresner

United States

H

Helen

United States

R

Rafael

Switzerland

P

PS

United States

N

Noah

Hamburg, Germany

CL

Caleb Liu

United States

M

Melissa

United States

A

Anonymous

Switzerland

SH

St H

Germany

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

Please log in to comment.

  • Michael Asumadu    Oct 10, 2021

    Hello Zidisha
    I have received numerous emails.. I will pay off everything, the money have been invested well and the returns will be in soon as about to harvest in December for me to clear all the debt. Give me a little time ..thank you

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  • Christy Doh Happy    Sep 1, 2021

    He promised to settle soon

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  • Michael Asumadu    Aug 24, 2021

    Hello Zidisha..Please i will pay off the loan.. Business has been tight...thats why my delay for almost 3months but i will pay off every amount. Thank you

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  • Michael Asumadu    Jul 23, 2021

    Business is really slow at my end that has caused my delay of payment but i promised to pay off every penny so that i can qualify for another support.. I will urge my lenders to keep patience as they have done for the past years. Thank you Zidisha

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  • Vincent Adu Kodom    Jul 2, 2021

    Michael said his business is running slow and k advice her to pay to so that he can get huge loan

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  • Michael Asumadu    Jun 21, 2021

    Business has been slow and i will be paying from my savings .. thats why i am adjusting payment plan.. Sorry for the inconvenience

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  • Erik G    May 29, 2021

    Hi Michael - sorry to hear business has been slow. I think all your lenders have confidence that you will pay off the loan when you are able. You've always done so before. Hope the farm has a good yield for you this season. All the best, Erik

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  • Vincent Adu Kodom    May 29, 2021

    He said business is slow but he will pay by next week

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  • Michael Asumadu    May 15, 2021

    Business is running slow , thats the reason why my payment has been slow. I will pay off as soon as business moves on

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  • Ibrahim Alimyaw    May 12, 2021

    Michael says he will pay

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  • Michael Asumadu    Apr 20, 2021

    I just received the Loan and The farming season has just started so it will take a while for the farm to yelled Profit but for the meantime i will use my savings to payoff the loan till the farm starts yelling Profit

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  • Michael Asumadu    Apr 20, 2021

    I have received an amount of 2,826 GHS from Zidisha. This loan will be used to Purchase Farm inputs like Weedicide, Fertiliser and also Payment for Labourers to work on my Maize farm. I appreciate the support Zidisha has been giving me and also to my Lenders who always have faith in me and keep on giving me the necessary support

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  • Michael Asumadu    Apr 14, 2021

    Thank you so much for having confidence in me by giving another opportunity, I will use this loan to purchase farm inputs for my maize Farm. Thank you

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  • Erik G    Apr 8, 2021

    happy to support you new loan request michael. great to hear things are going well and that the loans are helping. keep up the good repayments schedule. always build confidence. best erik

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  • Michael Asumadu    Apr 7, 2021

    First of all i will thank Zidisha and all the Lenders who have confidence in me and keep supporting my dreams. I applied my loan and received it on time and i was able to use it to purchase all the Pop materials i wanted and due to that i was able to work and repay it back as soon as possible.. I appreciate so much

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  • Michael Asumadu    Jan 17, 2021

    Thank you Zidisha for giving me this opportunity..I have received Ghs 2,393 in my account. I will take this opportunity to thank my Lenders for having faith in me and keep giving me a lending hand to push my business. I so much appreciate.. May we all be great

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  • Michael Asumadu    Jan 16, 2021

    Thank you Erik G for the trust and support ..I appreciate so much and to all the lenders who are supporting me with my new plan .. I appreciate so much

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  • Erik G    Jan 15, 2021

    Happy to support your new loan request again Michael. Keep up the great communication and all the best with you business plans.. Erik

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  • Michael Asumadu    Jan 4, 2021

    First of all i would like to thank Zidisha for giving us this platform for lenders to also help lend us to support our business.. At this stage of my work i have fixed been able to fix the Pop panels i borrowed money to buy. Thank you so much..

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