To buy cocoa seedlings

Mumuni

Ve-deme, Ghana

100% repaid

Entrepreneur

Name

Mumuni

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 cocoa seedlings for my farm. I have a cocoa farm that I want to expand,so I need seedlings to plant in the farm. I need about 500 more seedlings to plant.

Income Source

Though things are hard due to the covid-19 but I have cocoa which I have already dried and stored down,it is from this that I will sale and use the money to pay for the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$31.00

Date disbursed

Feb 27, 2021

Repayment status

On Time

Projected term

1 week

Lenders

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