Rearing of livestock and buying of food stuffs
Bonjei
Bandajua, Ghana
100% repaid
Entrepreneur
Name
Bonjei
Member since
December 2020
On-time repayments
5 installments • 80%
About Me
I'm Bonjei Manega , I'm 41years old. I'm a farmer who farm in large quantities specifically, I farm yams, maize, groundnut and rice. I'm married to a wife with four children and other siblings who depends on me for a living. I pay their school fees, clothes them and provide other basic needs for them through my farming. I want to become more self sufficient and depend by increasing my farm size when you grant me the loan. I also real fowls and goats beside my farming. I believe with your loan it will help me so much to expand my farming and animals rearing business. I hoping to become a commercial farmer in future and also become great on my own. With your loan, some of my burden will reduce and I will be able to provide for my siblings and children as well.
My Business
I get money from the sale of my farm products. I also store some of the foodstuffs when when the price increase then, I sell them to get profit. For instance,rice and animals are in high demand now so I'll sell them to make higher profit for myself.
Loan Proposal
I will use the loan to buy more yams and yam sets and store them and resell to gain more profit,they are harvesting them now so they not costly. Also I will buy more grains and resell them to my customers in other areas where they don't have them and in those areas,they are in high demand so much profit for me. More animals like goats, sheep,pigs are also I highly demanded for because of weddings, funerals and other occasions so I will buy more,sell them to gain my profit in order to sustain my business. I will invest in other profit making ventures for more profit.
Income Source
With the climate situation, I will buy those goods that can stand the climate so that my business won't be affected. I will buy profitable goods that can keep my business running. I will also engage in buying goods that can last for long no matter how the climate maybe. Whilst I make profit I will use the capital to invest in other areas so that I can be making double profit that will enable me payback my loans.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$65.00
Date disbursed
Jan 4, 2021
Repayment status
On Time
Projected term
1 week
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