To buy fertilizer and other farming inputs

Osei Poku Richard

Tanoboase, Ghana

100% repaid

Entrepreneur

Name

Osei Poku Richard

Member since

July 2017

On-time repayments

67 installments  •  70%

About Me

I am Osei-Poku Richard. I learned tailoring after completion of my secondary education to enable me pay for my further education. I do tailoring after closing from my teaching job, but I want to do it as my full-time business now. I would also like to open two branches in addition to the one I have now. This would enable me to employ or enroll some people who are disadvantaged to learn through apprenticeship, and also to export some African Wears from Ghana to neighbouring countries.

I have four children. My children would like to become businessmen and some nurses.

My Business

I normally sew African Wear clothes (shirts and trousers). These clothes are in demand in Ghana now and in some African countries. The costs of the business range from $300 to $3000 depending on the type of material and machines you are using and also the cost of energy. It is my intention to expand the business to train less privileged people and also to export some of the sewed clothes to the nearby countries.

Recently I have also started farming in addition to the tailoring work. This also will fetch me some money.

Loan Proposal

All the money is going to be used to purchase fertilizer and other chemicals such as insecticides and pesticides. The proceeds from the farm after three to four months of the farm will be used to start my housing project and also pay my children school expenses.

Show original English  

About Me

I am osei-poku Richard. I learned tailoring after completion of secondary education to enable me pay for my further education. I do tailoring after closing from my teaching job. But I want to do it as my full-time business now. I have four children. My children would like to become businessmen and some nurses. I would also like to open two branches in addition to the one I have now. This will enable me to employ or enroll some people who are disadvantaged to learn apprenticeship, and also export some African Wears from Ghana to neighbouring countries. I am also into tomato and cashew farming. I just started the farming to support my income.

My Business

I have one tailoring shop which I currently operates after closing from my teaching job. I now want to take it as full-time job. I normally sew African Wear clothes (shirts and trousers). These clothes are in demand in Ghana now and some African countries. The cost of the business ranges from $300 to $ 3000 depending on the type of material and machines you are using and also cost of energy. It is my intention to expand the business to train less privileged people to get apprenticeship and also export some of the sewed clothes to the nearby countries. Recently I have also started farming in addition to the tailoring work. This also will fetch me some money too. I have about one acre square of tomato farm which after harvesting will earn me about $2000 in three months time. In fact I need money to buy pesticides and insecticide to let it grow well. Note, I still do the teaching work.

Loan Proposal

All the money is going to be used to purchase fertilizer and other chemicals such as insecticides and pesticides. The proceeds from the farm after three to four months of the farm will be used to start my housing project and also pay my children school expenses.

Feedback

None

None

1

  • Julie    Oct 5, 2019

    Paid initially, but no discussion or repayment in more than six months.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$164.07

Date disbursed

Apr 30, 2018

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $4.56

Credit risk payment: $13.80

Lenders

A

Anonymous

United States

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