To buy cocoa seedlings

Kwaku Danso

Lolobi, Ghana

100% repaid

Entrepreneur

Name

Kwaku Danso

Member since

December 2020

On-time repayments

17 installments  •  59%

About Me

Kwaku Danso is my name. I come from Lolobi in Hohoe Municipality. I am married with 3 kids, a boy and 2 girls.I had my basic and secondary education also at Lolobi here. I am not able to continue my education due to the death of my parents when I completed my secondary School.My father was having a cocoa farm so after his death I was given a portion. I am able to maintained and expanded the farm.Throug the farm,I am able to established a provision shop which is also helping me and my family.But I need enough money to enables me buy more goods for the shop.

My Business

I have a cocoa farm which is helping me to caretaker of my family. I have also opened a provision shop.It is revenue generated from the cocoa farm that I used to finance the provision shop.

Loan Proposal

I will like to use this loan to buy about 690 cocoa seedlings.Each seedlings cost 0.5pesaws.So 0.5×690=345cedis.This will enable me to get enough seedlings to expand my cocoa farm.

Income Source

I will be able to used the income I have obtained from my provision shop to pay for the loan. I have been operating a provision shop which is serves as a source of funding for my loan and with that I will be able to pay for the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$61.22

Date disbursed

Feb 19, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.15

Credit risk payment: $5.70

Optional expediting fee: $4.30

Lenders

Theo

Zürich, Switzerland

CB

Chris Baker

United States

V

Václav

Czech Republic

DY

Dan Y

Scranton PA, United States

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