Michael
Diaso, Ghana
100% repaid
Name
Michael
Member since
April 2015
On-time repayments
210 installments • 21%
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.
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
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$175.00
Date disbursed
Jul 13, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.