Name
Eric
Member since
March 2015
On-time repayments
23 installments • 17%
My name is Eric Amoa Frimpong. I am q native of kotaa in the Berekum Municipal in Ghana. i was born and bread in this village. i completed my primary and junior high school education in this same village.My father was a peasant farmer and a hunter. After school, i and my sister go to farm to help our parents carry their foodstuff and firewood to the house. After the death of my father,a renowned cocoa farmer in the village advised me to use my father's land which automatically becomes my after my father's death to cultivate cocoa.i listened to him and he provided me with cocoa seeds. i sold some of the foodstuffs i got to buy chemicals to spray the cocoa. in my area here, your father's land becomes yours after his death.I have two children one want to become a lawyer and the other a doctor.My hobby or pastime is that we were hunting grass cutter with dogs when i was a child
I provide cocoa beans for sale. Cocoa beans have high demand in Ghana and the whole world. I chose this kind of business because i have interest in farming cocoa beans are in high demand and it is also a lucrative business.My typical cost inputs like DDT, fertilizer etc and at times employing people to help in the weeding of the farm.I will use $40 to buy chemical to spray the, another $40 to buy fertilizer and the remaining $20 to employ people to come and help me in the farm. My revenue is basically the sales i make from the cocoa beans. I use some of the profit for reinvestment in growing my business and also for paying my children school fees
It is my pleasure and joy to thank you for the good work you are doing to help people grow their business.The loan will help me grow my farm.Am able to sell my produce at r. i will use the loan to buy items like cocoa seeds, agro chemicals,etc to grow my farm because are high demand for my products. i will also use some of the loan to also buy fertilizer.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 26, 2015
Repayment status
Late
Projected term
5 months
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