23 installments • 61%
I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.
I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.
I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.
Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.
I have engaged 10 people on a full-time basis and 7 on a casual basis.
The loan will be used to buy knapsack sprayers for use in spraying insecticides and follia feeds to vegetables (cabbages, red onions and capsicum) that I am currently farming. Each sprayer costs out 22USD TOTAL for two is USD 44.
Nov 22, 2018
Cost to entrepreneur
Service fee: $1.93
Credit risk payment: $7.74
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