4 weekly installments • 75%
I'm a young man of age 43 and married with three children. I'm from a village called Binduri in the upper East region of Ghana. I'm into farming and other businesses. I have been in this business for almost 10years now. It has been very helpful to me and my family.
Basically, i'm into yam, cassava, plantain, etc farming. I'm also into poultry farming and indeed it's bringing in a lot of returns. I have been in the farming business for almost ten years. However, the farming business is always capital intensive, and i will need some money to add up so i can expand my business.
I Will use this loan to pay my child school fees. Part of the loan will be used in buying pesticides, and weedicides for my farm. Farm inputs cost very high in this country so this loan help me to buy some for my farm. This will help my crops to grow well thereby increasing yield. I will use the loan judiciously to get good result from my work.
It's always a fact that many businesses face a lot of risks. However, as a business Businessman i always make sure that part of the money i get from my farm work is saved so in case something happens, it will be used to take care of it. Therefore, i have made provisions for any unforeseen situation that might come up.
May 30, 2021
Cost to entrepreneur
Service fee: 5% of $32.69 = $1.50
Credit risk payment: $4.49
Optional expediting fee: $3.00