Entrepreneur
Name
Michael
Member since
April 2015
On-time repayments
210 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 will help me purchase a cocoa spraying machine to avoid hiring and incurring high cost. In the long run I will have enough funds to pay my worker and also support the people whose school fees I have been paying.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$304.00
Date disbursed
Nov 30, 2015
Repayment status
Late
Projected term
44 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
United States
Summary
Amount repaid
$116.25
Amount remaining
$182.25
Expected completion
Jul 28, 2019
Status
Repaying late
Installment amount
$1.25
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 13, 2015 | $17.50 | Dec 18, 2015 | $17.50 |
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $10.00 | Jan 17, 2016 | $10.00 |
| Jan 17, 2016 | $10.00 | Jan 17, 2016 | $10.00 |
| Jan 24, 2016 | $10.00 | Jan 26, 2016 | $10.00 |
| Jan 31, 2016 | $10.00 | Feb 5, 2016 | $10.00 |
| Feb 7, 2016 | $0.00 | ||
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $6.25 | Feb 21, 2016 | $6.25 |
| Feb 28, 2016 | $6.25 | Mar 23, 2016 | $2.50 |
| Mar 29, 2016 | $2.50 | ||
| Apr 3, 2016 | $1.25 | ||
| Mar 6, 2016 | $1.25 | Apr 3, 2016 | $1.25 |
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $0.00 | ||
| Apr 17, 2016 | $2.50 | Apr 17, 2016 | $2.50 |
| Apr 24, 2016 | $2.50 | May 4, 2016 | $2.50 |
| May 1, 2016 | $2.50 | May 4, 2016 | $2.50 |
| May 8, 2016 | $2.50 | May 8, 2016 | $2.50 |
| May 15, 2016 | $2.50 | May 22, 2016 | $2.50 |
| May 22, 2016 | $2.50 | May 25, 2016 | $2.50 |
| May 29, 2016 | $2.50 | May 29, 2016 | $2.50 |
| Jun 5, 2016 | $2.50 | Jun 6, 2016 | $2.50 |
| Jun 12, 2016 | $2.50 | Jun 12, 2016 | $2.50 |
| Jun 19, 2016 | $2.50 | Jun 30, 2016 | $2.50 |
| Jun 26, 2016 | $2.50 | Jun 30, 2016 | $2.50 |
| Jul 3, 2016 | $2.50 | Jul 6, 2016 | $2.50 |
| Jul 10, 2016 | $2.50 | Jul 10, 2016 | $2.50 |
| Jul 17, 2016 | $2.50 | Jul 24, 2016 | $2.50 |
| Jul 24, 2016 | $2.50 | Jul 24, 2016 | $2.50 |
| Jul 31, 2016 | $2.50 | Aug 8, 2016 | $2.50 |
| Aug 7, 2016 | $2.50 | Aug 8, 2016 | $2.50 |
| Aug 14, 2016 | $2.50 | Sep 18, 2016 | $2.50 |
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $0.00 | ||
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $0.00 | ||
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $1.25 | ||
| Oct 23, 2016 | $1.25 | ||
| Oct 30, 2016 | $1.25 | ||
| Nov 6, 2016 | $1.25 | ||
| Nov 13, 2016 | $1.25 | ||
| Nov 20, 2016 | $1.25 | ||
| Nov 27, 2016 | $1.25 | ||
| Dec 4, 2016 | $1.25 | ||
| Dec 11, 2016 | $1.25 | ||
| Dec 18, 2016 | $1.25 | ||
| Dec 25, 2016 | $1.25 | ||
| Jan 1, 2017 | $1.25 | ||
| Jan 8, 2017 | $1.25 | ||
| Jan 15, 2017 | $1.25 | ||
| Jan 22, 2017 | $1.25 | ||
| Jan 29, 2017 | $1.25 | ||
| Feb 5, 2017 | $1.25 | ||
| Feb 12, 2017 | $1.25 | ||
| Feb 19, 2017 | $1.25 | ||
| Feb 26, 2017 | $1.25 | ||
| Mar 5, 2017 | $1.25 | ||
| Mar 12, 2017 | $1.25 | ||
| Mar 19, 2017 | $1.25 | ||
| Mar 26, 2017 | $1.25 | ||
| Apr 2, 2017 | $1.25 | ||
| Apr 9, 2017 | $1.25 | ||
| Apr 16, 2017 | $1.25 | ||
| Apr 23, 2017 | $1.25 | ||
| Apr 30, 2017 | $1.25 | ||
| May 7, 2017 | $1.25 | ||
| May 14, 2017 | $1.25 | ||
| May 21, 2017 | $1.25 | ||
| May 28, 2017 | $1.25 | ||
| Jun 4, 2017 | $1.25 | ||
| Jun 11, 2017 | $1.25 | ||
| Jun 18, 2017 | $1.25 | ||
| Jun 25, 2017 | $1.25 | ||
| Jul 2, 2017 | $1.25 | ||
| Jul 9, 2017 | $1.25 | ||
| Jul 16, 2017 | $1.25 | ||
| Jul 23, 2017 | $1.25 | ||
| Jul 30, 2017 | $1.25 | ||
| Aug 6, 2017 | $1.25 | ||
| Aug 13, 2017 | $1.25 | ||
| Aug 20, 2017 | $1.25 | ||
| Aug 27, 2017 | $1.25 | ||
| Sep 3, 2017 | $1.25 | ||
| Sep 10, 2017 | $1.25 | ||
| Sep 17, 2017 | $1.25 | ||
| Sep 24, 2017 | $1.25 | ||
| Oct 1, 2017 | $1.25 | ||
| Oct 8, 2017 | $1.25 | ||
| Oct 15, 2017 | $1.25 | ||
| Oct 22, 2017 | $1.25 | ||
| Oct 29, 2017 | $1.25 | ||
| Nov 5, 2017 | $1.25 | ||
| Nov 12, 2017 | $1.25 | ||
| Nov 19, 2017 | $1.25 | ||
| Nov 26, 2017 | $1.25 | ||
| Dec 3, 2017 | $1.25 | ||
| Dec 10, 2017 | $1.25 | ||
| Dec 17, 2017 | $1.25 | ||
| Dec 24, 2017 | $1.25 | ||
| Dec 31, 2017 | $1.25 | ||
| Jan 7, 2018 | $1.25 | ||
| Jan 14, 2018 | $1.25 | ||
| Jan 21, 2018 | $1.25 | ||
| Jan 28, 2018 | $1.25 | ||
| Feb 4, 2018 | $1.25 | ||
| Feb 11, 2018 | $1.25 | ||
| Feb 18, 2018 | $1.25 | ||
| Feb 25, 2018 | $1.25 | ||
| Mar 4, 2018 | $1.25 | ||
| Mar 11, 2018 | $1.25 | ||
| Mar 18, 2018 | $1.25 | ||
| Mar 25, 2018 | $1.25 | ||
| Apr 1, 2018 | $1.25 | ||
| Apr 8, 2018 | $1.25 | ||
| Apr 15, 2018 | $1.25 | ||
| Apr 22, 2018 | $1.25 | ||
| Apr 29, 2018 | $1.25 | ||
| May 6, 2018 | $1.25 | ||
| May 13, 2018 | $1.25 | ||
| May 20, 2018 | $1.25 | ||
| May 27, 2018 | $1.25 | ||
| Jun 3, 2018 | $1.25 | ||
| Jun 10, 2018 | $1.25 | ||
| Jun 17, 2018 | $1.25 | ||
| Jun 24, 2018 | $1.25 | ||
| Jul 1, 2018 | $1.25 | ||
| Jul 8, 2018 | $1.25 | ||
| Jul 15, 2018 | $1.25 | ||
| Jul 22, 2018 | $1.25 | ||
| Jul 29, 2018 | $1.25 | ||
| Aug 5, 2018 | $1.25 | ||
| Aug 12, 2018 | $1.25 | ||
| Aug 19, 2018 | $1.25 | ||
| Aug 26, 2018 | $1.25 | ||
| Sep 2, 2018 | $1.25 | ||
| Sep 9, 2018 | $1.25 | ||
| Sep 16, 2018 | $1.25 | ||
| Sep 23, 2018 | $1.25 | ||
| Sep 30, 2018 | $1.25 | ||
| Oct 7, 2018 | $1.25 | ||
| Oct 14, 2018 | $1.25 | ||
| Oct 21, 2018 | $1.25 | ||
| Oct 28, 2018 | $1.25 | ||
| Nov 4, 2018 | $1.25 | ||
| Nov 11, 2018 | $1.25 | ||
| Nov 18, 2018 | $1.25 | ||
| Nov 25, 2018 | $1.25 | ||
| Dec 2, 2018 | $1.25 | ||
| Dec 9, 2018 | $1.25 | ||
| Dec 16, 2018 | $1.25 | ||
| Dec 23, 2018 | $1.25 | ||
| Dec 30, 2018 | $1.25 | ||
| Jan 6, 2019 | $1.25 | ||
| Jan 13, 2019 | $1.25 | ||
| Jan 20, 2019 | $1.25 | ||
| Jan 27, 2019 | $1.25 | ||
| Feb 3, 2019 | $1.25 | ||
| Feb 10, 2019 | $1.25 | ||
| Feb 17, 2019 | $1.25 | ||
| Feb 24, 2019 | $1.25 | ||
| Mar 3, 2019 | $1.25 | ||
| Mar 10, 2019 | $1.25 | ||
| Mar 17, 2019 | $1.25 | ||
| Mar 24, 2019 | $1.25 | ||
| Mar 31, 2019 | $1.25 | ||
| Apr 7, 2019 | $1.25 | ||
| Apr 14, 2019 | $1.25 | ||
| Apr 21, 2019 | $1.25 | ||
| Apr 28, 2019 | $1.25 | ||
| May 5, 2019 | $1.25 | ||
| May 12, 2019 | $1.25 | ||
| May 19, 2019 | $1.25 | ||
| May 26, 2019 | $1.25 | ||
| Jun 2, 2019 | $1.25 | ||
| Jun 9, 2019 | $1.25 | ||
| Jun 16, 2019 | $1.25 | ||
| Jun 23, 2019 | $1.25 | ||
| Jun 30, 2019 | $1.25 | ||
| Jul 7, 2019 | $1.25 | ||
| Jul 14, 2019 | $1.25 | ||
| Jul 21, 2019 | $1.25 | ||
| Jul 28, 2019 | $1.00 | ||
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.