Installing irrigation in my cocoa farm

Mumuni Abudu

Ve-deme, Ghana

100% repaid

Entrepreneur

Name

Mumuni Abudu

Member since

February 2021

On-time repayments

12 installments  •  67%

About Me

My name is Mumuni Abudu. I come from Lolobi in the Volta Region. I am married with five children. I am a business man and a farmer. I am able to support my children's education through the cocoa farming. I have about ten acres of cocoa farm. I have a vision to expand the farm in future.

My Business

I am a cocoa farmer. I do generate about 30000 cedis income annually.It is through the farming that I am able to support my children's education, currently I have one child in the University,two in the SHS and two also in the JHS.The cocoa farming is a very lucrative business in Ghana, which the government is encouraging people to engage in.

Loan Proposal

I will like to use the loan to buy a bumping machine to bump water for the spraying of my cocoa seedlings.The cost of this equipment is between Ghc2000 and 3000 Ghc.This will help to reduced pressure involved in fetching water everyday from a stream to spray the seedlings. I will be glad if Zidisha and my lenders can grant me such amount in due course.Thank you.

Income Source

I have most of my dried cocoa stored down,so I will be able to sell it and use the money to pay for the loan amount. I have also made some savings which I can use to pay for the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$134.16

Date disbursed

Mar 17, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $4.68

Credit risk payment: $12.41

Lenders

S

soren

Göteborg, Sweden

T

Tallago3

Munich, Germany

Tavin

Ottawa, Canada

C

cyrilleberger

Gammalkil, Sweden

L

ldworld

Idaho, United States

E

edgreig

Brixton, United Kingdom

Scotts5320

New York, United States

O

OBalA

Germany

JT

John Tabacchi

United States

Emma

Australia

NB

Neil Barnes

Molalla, United States

P

Peter

Bratislava, Slovakia

M

mariamfula

United States

A

AJ

United States

Paul Thompson

York, United Kingdom

D

David

United States

Paul Buchheit

Mountain View, United States

Theo

Zürich, Switzerland

Genuine Interest

Singapore, Singapore

R

Roman

Slovakia

Jeanette

Fort Worth, Texas, United States

M

Melissa

United States

E

emily

Australia

LC

Linda Cladis

United States

Dhiraj Dwarapudi

Redwood City, United States

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