To purchase hybrid coconut seedlings

Entrepreneur

About Me

My grandmother sponsored my education from primary school to Secondary school because my parents were not available. During my post secondary education, I worked as photographer to support my education.
Apart from my main job as agriculturist, I sell quality hybrid coconut seedlings to farmers as I share technical knowledge with them.
My children want to become health workers in future.
My hobbies are swimming and helping of the needy people and music.

My Business

I work as cocoa, plantain and coconut farmer. The cocoa beans and coconut fruits have ready market and fixed produce price. I decided to farm in order to practice the knowledge acquired in school.
My typical cost emanate from hiring of farm labour, purchasing of agro inputs, farm implement and means of transport to farm. I get my revenue from my salary, and sale of farm produce, cocoa beans.
I use the profit to support my childrens education, reinvestment into my farm business and helping other needy people especially, renewing of their health insurance for them.

Loan Proposal

I will use part( 100 USD) of this loan to hire labour to prepare my land, purchase hybrid coconut seedlings and the remaining part( 150 USD) for the maintenance of the coconut plantation farm. I will need 190 USD for the purchase of 150 coconut seedlings to establish 2 Acres coconut farm
It is expected that after 3 years, 150 plants can give me minimum of 5,357 USD every year

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Loan Info

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