To buy insecticides to control insects in my cocoa farm

Entrepreneur

About Me

My name is Asiedu Bright.I am a young man of 24 years old. I went to Twene Amanfo Technical School in the Brong Ahafo Region.
During vacation, I go to help my uncle in his farm. He gives me money to pay school fees and also to buy other items that will asist me in my education
The money was given to me when school resumes. This is how I overcome hardship in my school days.
When I completed senior high school, I use to take cloth from a whole sale dealer on credit. Gradually I got capital to start selling of cloth.
The people in my community are kind and loving. They are are hardworking also. Minority of them are farmers.
Most of the children in my community wants to be good leaders and entrepreneurs when they grow.

My Business

I sell cloth in my community. The cloth that I sell is for both men and woman. It has high demand because my clothes are affordable. It cost me $400 to run the business monthly. Every week, I do generate profit of $250.
I use part of my income to donate to orphans and also pay the fees of the needy in my community.
Again, my grandfather has given me a cocoa farm which is now my own farm. It was given to me last year. It is one acre farm. I harvested five bags of cocoa last year. The price of the five bags was $527.

Loan Proposal

The loan will be used to buy insecticides. The insecticide will be used to spray my cocoa farm to control pest. Last year harvest was low due to the effect of the insects on the cocoa tree. Now if I am able to control the insects on my farm, my harvest this year will increase to about ten bags of cocoa. This will increase my income. Part of the income will be used to renivest in my cloth business.
The cost of the insecticides that will be used to control insects in my farm is $100.
The expected revenue is $1100.

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