Stocking my shop with agro chemicals

Rabbi Owusu

Sunyani, Ghana

21% repaid

Entrepreneur

Name

Rabbi Owusu

Location

Sunyani, Ghana

On-time repayments

25 weekly installments  •  20%

About Me

Rabbi Owusu is my name and I am the second born to my parents. I am married with three two children. I grew up from a farming community in Odumase. I was able to complete my SHS education but couldn't continue because my results was not good. I started to help my father where I got money and started to invest in agrochemicals because my farmer was the main distributor in our community where we lived. In school I was a football player and very active sportsman up to now.

My Business

I deal in Agrochemicals for farm produce, I sell all kinds of agrochemicals like pesticides, weedicides, fertilizers and other useful. I decided to invest in this products because each and every day weeds grow in our farms and farmers depends on these products to grow their crops. It's a good business and it's my dream to to be a key distributor if agrochemicals to farmers in and across the borders of Sunyani. this business generates enough profit and revenue, so it's very good to invest in my business.

Loan Proposal

I am requesting this loan to help me stock up my shop with insecticides, herbicides, fungicides, rodenticides, molluscicides, nematicides fertilizers and soil conditioners. These products are on high demands and because of lack funds to stock up with these items, I don't meet my clients request. With this loan I would be able to start stocking with a few for a start and gradually increase stock. The profit I gain from this investment would be be used to stock up with the various items as stated.

Income Source

God has been good to me as market has been good for me this year. I credit and cash in some of these products to my cutomers so I'm able to raise money frequently and would pay the loan as expected from me.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$191.35

Date disbursed

Dec 24, 2020

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Service fee: $8.39

Credit risk payment: $15.22

Optional expediting fee: $16.93

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