To buy fertilizer and insecticides for my cocoa farm

Amadu

Berekum, Ghana

100% repaid

Entrepreneur

Name

Amadu

Member since

July 2015

On-time repayments

45 installments  •  53%

About Me

My name is Nsiah Amadu who comes from kasapin in the Brong Ahafo Region of Ghana. I was born on 12th July,1978 at kasapin. Am black in complexion and my height is about 5 feet tall. I completed my junior secondary school education in 1994 and continue to Berekum secondary school in the year 1994 and finished in 1997. I further to Sunyani polytechnic to pursue Diploma in business studies accounting and completed in the year 2000. Am the second born of my parents and I have 3 siblings. I lost my father when I was 10 years and my mother also passed on when I was 15 years. Life was so difficult I had to go and leave with my uncle who took care of my education. After completing school I decided to go into farming since I was having the passion to become one of the best cocoa farmers in my area. My parent left me a farm land of about 30 acres. As am speaking now am able to cultivate 10 acres of the land into cocoa farm. I am married with 3 kids of whom 1 boy and 2 girls and they in school. Now it is my ambition to expand my farm but I do not have the facilities to do so that is why am seeking your financial assistance.

My Business

My farm is located in kasapin in the Brong Ahafo Region of Ghana. It is a 10 acre land of cocoa farm. Cocoa is a cash crop and it is very hot commodity in the market in terms of sales. Cocoa is use to produce variety of items example, chocolate, Milo, pomade and others. Now I want to expand my farm to include vegetables which will enable me to increase my income. And with the vegetables these food vendors need them for the preparation of their food . It is an income yielding venture.Prices of equipments, insecticides and fertilizer have increase thereby making it difficult for me to buy. This is a major challenge for me so I think if I get financial support it will enable me to increase my produce. Currently my yearly income is around 9000 GHS and my expense is about 7000 GHS. So am able to make a savings of about 2000 GHS at end of every year. I use this savings cater for wards school fees and other miscellaneous expenses.

Loan Proposal

I will buy fertilizer and insecticides and this will cost about 300 dollars. This will enable me to increase my farm yields thereby improving the standard of living of my family. Am expecting my profit to increase by 25 percent.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$233.00

Date disbursed

Sep 30, 2015

Repayment status

On Time

Projected term

3 months

Lenders

investor

Candiac, Canada

mbunifu

San Jose, United States

YB Song

Seoul, Republic of Korea

DeanDropshot

Oslo, Norway

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

A

Anonymous

United Kingdom

dlpringle

Denver, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

Lisbeth

Perth, Australia

A

adamdreaming

United States

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

M

Marco

Germany

Dave Bogard

New York, United States

MW

Matt Willis

United States

jtreyes

United States

V

Vivek

Arlington, VA, United States

JD

Jeff DePree

United States

BB

Ben Bellows

United States

Sarah and Dave

Toronto, Canada, Czech Republic

OH

Orion H.

United States

P

Patrick

Australia

MG

Michael Guthrie

United Kingdom

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Summary

Amount repaid

$226.00

Amount remaining

$0.00

Date repaid

Jan 28, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 11, 2015 $15.00 Oct 11, 2015 $15.00
Oct 18, 2015 $15.00 Oct 23, 2015 $15.00
Oct 25, 2015 $15.00 Nov 10, 2015 $15.00
Nov 1, 2015 $15.00 Nov 27, 2015 $15.00
Nov 8, 2015 $15.00 Nov 27, 2015 $15.00
Nov 15, 2015 $15.00 Nov 30, 2015 $15.00
Nov 22, 2015 $15.00 Dec 9, 2015 $15.00
Nov 29, 2015 $15.00 Dec 13, 2015 $15.00
Dec 6, 2015 $15.00 Dec 20, 2015 $15.00
Dec 13, 2015 $15.00 Dec 20, 2015 $15.00
Dec 20, 2015 $15.00 Dec 25, 2015 $15.00
Dec 27, 2015 $15.00 Dec 30, 2015 $15.00
Jan 3, 2016 $15.00 Jan 4, 2016 $15.00
Jan 10, 2016 $15.00 Jan 6, 2016 $15.00
Jan 17, 2016 $15.00 Jan 19, 2016 $15.00
Jan 24, 2016 $1.00 Jan 28, 2016 $1.00

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