Loan to purchase farm produce and sell

John

Greater Accra, Ghana

23% repaid

Entrepreneur

Name

John

Member since

May 2016

On-time repayments

47 installments  •  49%

About Me

I buy and sell farm produce directly to consumers so I need some capital for the purchase of the produce from farmers. Again I am a young graduate farmer who lost heavily from farming in 2014-2015 through bad weather that was experienced and wish to raise another capital through buying and selling of farm produce directly from farmers.

My Business

Buying of farm produce directly from farmers and selling it to the local markets between nsawam and accra respectively. Again I choose this kind of goods for the reason that they are edible and they move faster in-terms of sales daily. Part of the profit is used to support my children's fee payment and reinvestment into the business and my monthly income i receive.

Loan Proposal

I will use the loan to buy cassava and plantain direct from farmers for resale to local markets and chop bars,as well as enlarge my customer base by engaging more cassava farmers in order to get regular supply

Show original English  

About Me

i buy and sell farm produce direct to consumers so i need some capital for the purchase of the produce from farmers. again i am a young graduate farmer who lost heavily from farming in 2014-2015 through bad weather that was experienced and wish to raise another capital through buying and selling of farm produce direct from farmers.

My Business

buying and selling of farm produce direct from farmers and selling it to the local markets between nsawam and accra respectively. again i chose this kind of goods for the reason that they are edible and they move faster in-terms of sales daily. part of the profit is used to support my children's fee payment and reinvestment into the business and my monthly income i receive.

Loan Proposal

I will use the loan to buy cassava and plantain direct from farmers for resale to local markets and chop bars,as well as enlarge my customer base by engaging more cassava farmers in order to get regular supply

Feedback

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None

1

  • Will    Feb 7, 2018

    Last payment and update was over a year ago. Would not lend again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$389.00

Date disbursed

Oct 5, 2016

Repayment status

Late

Projected term

7 months

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