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.
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.
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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
Other loans
Lenders
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Mary Apr 3, 2017
Katja Mar 29, 2017
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