9 weekly installments • 33%
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.
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.
This loan will be used in buying pesticides, fertilizers, poultry feed, weedicides, seeds, etc for my farm. As I've indicated earlier my farm is big and so the cost of caring for is huge but the help of i'm managing it well. Sometimes I have put in a lot of money in it to be able to produce more, so this loan help me a lot. Therefore, it's my hope that one day i would quantify for bigger loan as i will try to maintain a good creditworthiness.
It's very clear these days especially those us in the developing world that our economy is not viable and every business person in our world faces risk. However, as a business man you should always bear in in mind that there's shortfalls, and so I'm always prepared for these unforeseen circumstances. I always divide my income into three: one is saved for future risks, two maintenance and last salary of my workers. So in case of any unfortunate situation these saved money would be used to take care of that.
May 8, 2021
Cost to entrepreneur
Service fee: 5% of $61.84 = $2.83
Credit risk payment: $12.15
Optional expediting fee: $5.83