To buy farm inputs

Awuni Abugre

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Awuni Abugre

Location

Kumasi, Ghana

On-time repayments

9 weekly installments  •  33%

About Me

My name is Awuni Abugre. I come from Bawku in the upper East region of Ghana. I'm the eldest son of my parents. I moved to the southern part of Ghana to seek for greener pastures. I'm married with four children. The elderst of the them is trained teacher by profession. Life hasn't been that esasy but thank God i have been able to establish a number of businesses which is bringing in some returns.

My Business

I'm a professional farmer. I'm specifically into cocoa farming, poultry and vegetable farming. I make a lot income from my farms, however, it also requires a lot of money to be able to produce more. I have been in farming for 45 year and have achieved a lot of in these years of intensive farming. I make a lot of of revenue from my work. But as the saying goes;"even the sea needs more rain", and so i still need more capital to do more expansion. This loan when I'm given will be used in buying pesticides, fertilizers, weedicides, poultry feed, etc.

Loan Proposal

This loan will be used in buying pesticides, weedicides, fertilizers, seedlings,etc for my farm. The loan will also to transfer farm produce from the farm to the market. Part of the loan will be used to pay the youth that will be hired to convey the produce . This loan will also help in expanding parts of my farm.

Income Source

It's a fact that many businesses face a lot of risks these days. With this idea in mind, i always make sure that part of my income is saved purposely for unforeseen circumstances. I have been saving since i started my farm work because farming requires a lot of money. So in case of any unfortunate situation these saved money would be used to take care of it.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$98.95

Date disbursed

May 26, 2021

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: 5% of $98.95 = $4.66

Credit risk payment: $18.64

Optional expediting fee: $9.32

Lenders

Ask Awuni a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...