11 weekly installments • 64%
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.
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.
I will like to use the loan to buy bumping machine to spray my cocoa farm.Where the river along my farm is far from the farm so i think with the machine it will help me.
I have several cocoa pads which i have been selling.i can sell some to pay for the loan.With that i think i can pay for the loan.
Mar 31, 2021
Cost to entrepreneur
Service fee: 5% of $223.72 = $10.32
Credit risk payment: $31.29
Optional expediting fee: $20.81