Loan to buy chemicals for my cocoa farm

Mumuni Abudu

Ve-deme, Ghana

Funds disbursed

$0 to go

100% funded of $367 goal

0

days left

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 number of chemicals to be use for spraying my cocoa farm in order to control weeds.Due to the raining season,weeds are growing fast and in order not for them to affect the crops, I need to spray them. I will like my lenders to borrow me the loan so that I can buy a number of weedicides to control weeds in the farm.

Income Source

I have bags of cocoa beans and also engaged in production of other crops such as maize, pepper, garden eggs and others. I can sell any of them to pay for the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$367.42

Date disbursed

Apr 28, 2021

Repayment status

Late

Projected term

4 weeks

Cost to entrepreneur

Service fee: $13.17

Credit risk payment: $39.50

Optional expediting fee: $39.50

Lenders

B

bscent

Hong Kong

A

Anonymous

United States

K

Kyle

Australia

DD

Diego Donoso

United States

K

KM

United States

V

Václav

Czech Republic

Mike

Milano, Italy

L

Len

Israel

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