To purchase new agro chemicals to increase my stock
Shadrack
Suhum, Ghana
$0 to go
100% funded of $487 goal
0
days left
Entrepreneur
Name
Shadrack
Member since
September 2016
On-time repayments
229 installments • 67%
About Me
I attended St Francis Preparatory school.I started schooling as early at age three.I always to go to school because I always se my big sister leave the house in the morning and come back after a couple of hours so i also wanted to follow her, it was quiet fun. When I got to high school,I always got sacked home because my parents were unable to pay my fees on time.Because of this,I had to sometimes miss classes to find some petty jobs to assist them in paying.
My Business
I was able to start an agro chemical shop with the previous loan I was granted,since the people in my locality are basically farmers, Putting the previous loan raise to a good use, I've been able to make getting Agro chemical my town an easy one unlike previously when they will have to travel to Koforidua ( a nearby town) before getting access.
Now that the farming season is getting into its peak,the demand for these products especially herbicides for clearing the surface of their lands.
Because of the high demands of the chemicals,my profit margin is assured and I intend to support my education with it
Loan Proposal
Dear lenders, I will purchase 5 boxes of herbicide costing Ghs 145.00each, 5 Knapsack sprayers costing Ghs 40.00
and 5 bags of fertilizers costing Ghs 80.00 each .
When I’m able to get these, since we are still in the farming season, sales is assured and hence my profit which I use to support my education.
When I’m granted the loan, I’m expecting a profit margin of about Ghs 300 to Ghs 400 , which will be around a 30% increase rate.
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Loan Info
Project Type
Classic Loan
Amount requested
$487.00
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