Seeds & fertilizer for my farm

Amponsah

Ahwiaa-kumasi, Ghana

100% repaid

Entrepreneur

Name

Amponsah

Member since

October 2016

On-time repayments

156 installments  •  46%

About Me

My name is Amponsah Terry Frimpong. I come from Ahwiaa in Ghana. I completed Ahwiaa R/C Basic School.I continued to Kumasi Anglican Secondary School. I have two family children. I am a farmer. I farm to get money to sustain my family. I have been practicing farming activities. I become very happy when my plants grow well.

My Business

I am a farmer; I plant maize and sugarcane. I supply most of the women who sell sugarcane in the community. Sugarcane grows very fast when you take very good care of it.

Loan Proposal

I plan to use the loan applied for as follows.
7USD - This will be used to purchase Hybrid seeds for planting which will be sufficient to plant for the whole piece of the land. Increased capital and additional piece of land means that I will have increased output this season hence enable me to enjoy the benefits of economies of scale.
7USD - Will be used to purchase fertilizer to be applied during planting, three weeks after planting and also for topdressing which is done 6 weeks after planting.
4USD - Will be used to purchase Foliar Which will be sprayed to the crop exactly 6 months after planting. This is done when topdressing and helps in improving/ to increase the quality and quantity of the corn.
4 USD - This will be used to buy pesticides and insecticides to spray to the crops in order to prevent the corn from common pests and insects which would affect quality and quantity of the corn if not sprayed against.
4USD - This will be used to hire the extra 1/4 acre of land from my neighbor which is the cost we have agreed per season. This is fair enough and am 100% sure that it will at the end of the season after harvesting, I will recover the money and get a good and appealing profit from the extra land. Hiring of the extra piece of land has been necessitated by the need to try and maximize the profit from the farming to enable me fund my education through the farming.

Show original English  

About Me

My name is Amponsah Terry Frimpong. I come from ahwiaa in ghana. I completed ahwiaa R/C basic school. I continued to kumasi anglican secondary school. I have two chldren. I am a farmer, I farm to get money to sustain my family. Even though I am a farmer, I want to support my children to have the best of education.

My Business

I am a farmer, I plant maize and sugarcane. I supply most of the women who sell sugarcane in the comunity. sugarcane grows very fast when you take very good care of it. My aim is to have the bigest farm in the locality. My farm has been enlarged within this very shot time. it is about two and half years now sinc i startd this business. my farm is not too big, it is about 50metre square. I have also started fish farming in my sugarcane farm.

Loan Proposal

I plan to use the loan applied for as follows.
7USD - This will be used to purchase Hybrid seeds for planting which will be sufficient to plant for the whole piece of the land. Increased capital and additional piece of land means that I will have increased output this season hence enable me to enjoy the benefits of economies of scale.
7USD - Will be used to purchase fertilizer to be applied during planting, three weeks after planting and also for topdressing which is done 6 weeks after planting.
4USD - Will be used to purchase Foliar Which will be sprayed to the crop exactly 6 months after planting. This is done when topdressing and helps in improving/ to increase the quality and quantity of the corn.
4 USD - This will be used to buy pesticides and insecticides to spray to the crops in order to prevent the corn from common pests and insects which would affect quality and quantity of the corn if not sprayed against.
4USD - This will be used to hire the extra 1/4 acre of land from my neighbor which is the cost we have agreed per season. This is fair enough and am 100% sure that it will at the end of the season after harvesting, I will recover the money and get a good and appealing profit from the extra land. Hiring of the extra piece of land has been necessitated by the need to try and maximize the profit from the farming to enable me fund my education through the farming.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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