Purchasing seedlings

Entrepreneur

About Me

I am Richard Twum from Akyem Brenase in the Eastern region of Ghana. My parents are Mr. Emmanuel Panti and Comfort Aniniwa, all from the same village. I had my basic education in the same town and later moved to Accra the capital town of Ghana to start life.
Life was not as easy but by the grace of God, I moved on. Here in Accra, I went into second hand clothing selling at kantamanto and later on I met my adorable wife with whom I have four lovely children. My wife's name is Rebecca Eduah and my children are George Panti, Winifred Twum, Kwaku Eduah and Kwasi Twum.
I was introduced to this business by a friend whom I met in Accra, he taught how to go about going for the right clothes that the customers may want or needed. In beginning it was not easy but as I grew in the business I came to understand it better.
Ghana is a wonderful country, the people are warm, welcoming and friendly. We also appreciate strangers a lot. There are so many things I could say of my country but I hope to end here.

My Business

My main business has always been selling of second hand clothing and I must say it is a good business here in Ghana. I have been in this business for the pass twenty years and still do it. And this business has helped raise my four children through school and everything. I want to move into farming as well. I have over four acres of land in my home town of which one acre is currently being used for palm fruit and plantain growing. I wish to get some finances to move into a bit serious farming on that.
Farming is the backbone of the Ghanaian economy, this ensures sustainable living in the villages as well as the cities. The income goes a long way to help take care of the family as well as the family properties.
Palm fruits are so useful in many ways, therefore, venturing into it ensures a better future for my family and the rewards are great. Typically cost involves labours, tools and maintenance of the farm in terms of weedicede, pesticede to control weeds and pest.

Loan Proposal

I wish to ask for this loan to buy seedlings for the cultivation of the palm tree farm. This land is about three acres and each acre takes approximately 60 plants. I therefore need to buy at least 180 seedlings. The cost for one seedling is about fifteen cedis ( GHC 15.00) which involves the seed, workers at the seedling factory and transportation. The total cost for all the seedlings and transportation to the farm land is two thousand seven hundred cedis (Ghc 2700). I have raised about thousand five hundred cedis (Ghc 1500) to start with. If given this amount, it will help me to achieve my dream of gradually increasing my farming business.
Palm tree and its fruits have so many benefits to the farmer as well as the community and nation at large. We can oil, broom, local wine(palm wine) etc. It has a lot of benefits to my family, as gradually we will gain financial freedom and own a family property for generations to come.
We are not expecting profits for now, since it will take sometime to bear fruits. We have to work on the farm and take good care of the plant to ensure good yield at the end.

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