Loan to buy a tricycle (Moto King)

Amindin

Sunyani, Ghana

6% repaid

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How it Works

Entrepreneur

Name

Amindin

Member since

January 2016

On-time repayments

168 installments • 41%

About Me

Life in my village was never easy at all because they were just peasant farmers,only 5% were educated.just a few knew the importance of education.though my father is not educated but he was able to finance my primary education, then I had to also struggle from there along side with farming. In 2000 I completed my primary education and proceeded to Junior high and completed 2004,from there I qualified to further in senior high and completed 2007.Life was not easy in terms of paying feed and what to eat,but by his grace I managed to further to tertiary and completed in 2014.where I live now about 70% are farmers and mostly Christian. I like swimming and reading story books. My child want to be a doctor

My Business

Farming is my business, I farm pepper, maize and yam,this business is wealth because every eat and for that matter people like maize, pepper, yam,so the demand is high.I really like farming because the goods are highly in demand and there is profit in it.you will never loose in farming. The cost depend on how large or small you want it to be,my cost is about 600 to 1000$ on one particular farm.what ever I spent my interest is 100% or even more especially the pepper.I use the profit to pay my accomodation, and home utility bills.the remaining profit is use to continue the business

Loan Proposal

Thanks very much to my lenders for funding my last loan,am on you again applying for another loan to buy tricycle locally known and called "motto King" it is used to carry goods,very easy and convenient to use.It is difficult to carry farm goods or products without a vehicle.It will help me to carry labourers to the farms too,this will help reduce my cost of renting vehicle to the farms.