To purchase chemicals and inputs for my cocoa farm

Michael Ankomah

Diaso, Ghana

100% repaid

Entrepreneur

Name

Michael Ankomah

Location

Diaso, Ghana

On-time repayments

209 weekly installments  •  21%

About Me

I am a 30 year old man who is very much interested in entrepreneurship. I started my basic education at the Jema L/A (now D/A) Basic school and completed in the year 2001 with aggregate 6 in Basic Education Certificate Examination. Since I lost my father in Primary 4, financing my education was a difficulty for my ailing mother. Through the support of my present family (foster family-God richly bless them), I made it to the Senior High School (Kintampo Secondary School) where i passed in the year 2004.
Overcoming hardships has been a miracle. God sent my present family to help me through. Now Although I have a employment as a health worker, I wish to help others who are passing through the same situation I went through.
My passion for farming has earned me a small cocoa farm that has employed one person.

My Business

I have a small cocoa farm for which I have employed people to cater for it. This is about a half acre plot of cocoa. The yield from the cocoa is not encouraging due to inadequate funds to purchase inputs and chemicals to help boost the yield. This problem was solved with my previous loan. Thanks to my lenders. However, I always hire spraying machine which also affects my ability to pay my worker. For this reason, I am unable to pay my employee well and this is affecting his output on the farm. Ghana is one of the major exporters of cocoa in the sub-saharan Africa. Currently the production is going down due to poor yield. Therefore, if people like us are able to purchase inputs and chemicals to spray our farms, it would boost the production of cocoa in the country and the economy of the country would also be improved.
The proceeds from the sales of my cocoa would be used to pay the school fees of my nephews and also to purchase food for my mother. I would also use some to purchase more inputs for the next seasons activities. But this loan is needed to purchase Cocoa spraying machine

Loan Proposal

This loan would be used to purchase purchase chemicals like Confidor, cocoa fertilizers and protective gear for my employee. This will help boost my yield from about two and half bags per season to about 5 bags. This will help me pay my employee and also be able to pay for my nephews school fees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$188.25

Date disbursed

Jul 13, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $9.50

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

Zidisha

Sterling, United States

indeh

London, United Kingdom

L

loistf

Madrid, Spain

M

mrsdshomestead

ash fork, United States

H

hchsmicroloans

New York, United States

L

landhalsema

Driebergen, Netherlands

V

vshafor

Carlsbad, United States

J

jerryq

Redding, United States

T

Tui1974

nuenen, Netherlands

HMS_5th_Grade

Honolulu, United States

Vla911

Milan, Italy

J

Jyoti

Herndon, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

F

FredBetty

San Antonio, United States

A

asmilligan17

Perryville, United States

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

GH

Gav H

Langley, Canada

Shamrock

Wicklow, Ireland

VintageCalifornia

San Diego, United States

P

pastabox

New York, United States

I

ianb723

ROCHESTER, United States

ericacamille

Brooklyn, United States

G

gregc

Calgary, Canada

Y

Yecats

New York, United States

A

arwaandali

Ottawa, Canada

A

AFGriffith

Woodinville, United States

D

ddandipu

Calgary, Canada

C

CarolD

Hendersonville, United States

A

amish

San Francisco, United States

K

kilanta

Jyväskylä, Finland

F

Fintons

Grand Rapids, United States

Peter Marozzi

Kaohsiung, Taiwan

O

olliepalmer

London, United Kingdom

W

WenShiDi

mobile, China

C

caldw142

Whanganui, New Zealand

sbyun

Toronto, Canada

F

Fritzimax

Pacific City, United States

B

b_plok

Granada, Spain

C

Christos

Leeds, United Kingdom

A

AskTheFather

Honey Grove, United States

A

anonalender

Hampshire, United Kingdom

G

gradient

KFAR SABA, Israel

R

RickRozemuller

Groningen, Netherlands

I

idakaren

bonlez, Belgium

P

Pavane

Kungsbacka, Sweden

C

cjvjsv

El Paso, TX, United States

whiteboyinasia

Batu Ferringhi, Penang, Malaysia

D

doublehelix

Philadelphia, United States

A

alettore

Schleinikon, Switzerland

D

Draka

South park, United States

N

nglogic

Warszawa, Poland

90803

Long Beach, United States

somuchjackson

Boston, United States

E

edgrr000

Dallas, United States

C

Catch22

The Colony, United States

G

Gdrvasc

Frederick, United States

H

happytrailsjpd

South Bend, United States

M

markus61

cologne, Germany

M

mibrahim51

Mountain View, United States

K

ksiebrandt

Omaha, United States

A

Armeij

Veendam, Netherlands

D

dmartink

Maryland, United States

G

GreenMoney

Lahr, Germany

T

Texikan

Fort Worth, United States

A

AandCfromCanada

Spruce Grove, Canada

D

dj9812

United States

L

liseman

United States

S

Smadori0

United States

M

Molloy

Moorpark, United States

J

jay12

Germany

J

jdallatezza

United States

Grant Xavier Storer

Seattle, Wa, United States

Roy

Espoo, Finland

Jeremy

Washington State, United States, United States

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