Purchase of New Fertilizer for Local Farmers
James
Atebubu, Ghana
100% repaid
Entrepreneur
Name
James
Member since
March 2016
On-time repayments
73 installments • 81%
About Me
I am called Yeboah James, a 28 years old young man. I come from Amantin in Atebubu constituiency. I also went to Basic school at the Anglican Basic School and furthered at Amass High School. My father died when I was 17 years . Is my mother whom i stayed with. I preferred waakye and stew . draft is the game I like best.
My Business
The name of my agro chemical shop is "THE GRACE AGRO CHEMICALS". It is located at Atebubu along the Atebubu-Kumasi main road. I started this business about 5 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides, weed killers etc. I have employed one worker who have been helping me always at the shop. I live in a farming community so there is a high demand for these agro chemical products. This therefore help my business to flourish very well. I managed to get profit ranging from $45 to $70 every week. Which assist me cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.
Loan Proposal
Dear lenders, I am very grateful for the first loan granted me. The loan given to me helped to increase my profit tremendously as well as my start-up capital. With the aid of the first loan my aim of employing at least a person has been achieved.
Dear lenders, I wish to also apply for second loan of $296.00. When the this loan is granted me, I will use it purchase more fertilizers for the local farmers. This will help me serve all my customers without any shortage. When this loan is granted me it will also assist me expand my small metal container so that I can store more agro chemical products. It will also help me achieve my aim of employing at least three people to offer a helping hand.
Dear lenders, I promise to repay the loan in time. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$296.00
Date disbursed
Jul 22, 2016
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$310.77
Amount remaining
$0.00
Date repaid
Nov 27, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 31, 2016 | $20.67 | Jul 31, 2016 | $20.67 |
| Aug 7, 2016 | $18.08 | Aug 7, 2016 | $18.08 |
| Aug 14, 2016 | $18.08 | Aug 28, 2016 | $18.08 |
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $1.29 | Sep 4, 2016 | $1.29 |
| Sep 11, 2016 | $12.92 | Sep 11, 2016 | $12.92 |
| Sep 18, 2016 | $12.92 | Sep 18, 2016 | $12.92 |
| Sep 25, 2016 | $12.92 | Sep 25, 2016 | $12.92 |
| Oct 2, 2016 | $12.92 | Oct 2, 2016 | $12.92 |
| Oct 9, 2016 | $12.92 | Oct 9, 2016 | $12.92 |
| Oct 16, 2016 | $12.92 | Oct 16, 2016 | $12.92 |
| Oct 23, 2016 | $12.92 | Oct 23, 2016 | $12.92 |
| Oct 30, 2016 | $25.83 | Oct 30, 2016 | $25.83 |
| Nov 6, 2016 | $38.75 | Nov 6, 2016 | $38.75 |
| Nov 13, 2016 | $38.75 | Nov 13, 2016 | $38.75 |
| Nov 20, 2016 | $58.90 | Nov 20, 2016 | $38.75 |
| Nov 27, 2016 | $20.15 | ||
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