Tricycle to convey farm produce to the central market

Seth Afari-boateng

Accra, Ghana

100% repaid

Entrepreneur

Name

Seth Afari-boateng

Member since

December 2014

On-time repayments

267 installments  •  86%

About Me

Seth Afari-Boateng is my name. I am 22years of age. A recent graduate of the Presbyterian University College in Abetifi,Ghana. I studied Bsc. Mathematics with Statistics.

The town i had my university education that is Abetifi is sorrounded with over 13 small villages with population close to 50 for each.

Whiles in school, i had the opportunity to visit most of these villages by forms of outreach programmes to teach and impact the young ones the importance of Mathematics in education and life as a whole.

My Business

Upon my visit, i realised the main occupation of people there are farming and livestock. And even with that its very difficult for thier produce to be bought since road networks to the villages are very poor and bad in condition. This has then made their produce lie waste and rot after harvest. Their livestock also tend to grow old and later they consume it themselves.
I then made it a promise to help them sell thier produce and livestock whiles in school buy gathering money from friends and going to these villages with a small truck to buy and convey the livestock and produce back to the town markets for sale.

I first gathered 150cedis = $45 from friends.

I rented the truck for 50cedis=$15 for a day, bought livestock and farm produce with the extra 100cedis=$30 from them.

I later brought the goods to the town market and sold all and made a profit of 50cedis=$15 from the sale.
I repayed all the monies to took from friends and had about 20cedis=$6.3 for myself

This brought many smiles and happiness to their lives because the money the recieved made them enroll their children school and also have some money on them for upkeep of their farms and homes.

I then continued this activity once or twice every month depending on my schedule in school. I sometimes breaked even with me benefiting nothing but i was so excited anytime i get to the villages and see them with smiles of me coming to give them hope.

Loan Proposal

Hi Lenders,

With the help of this loan, i will be able to purchase a brand new Tricycle at the price of $1000 = GHS 4000. I will personally top up GHS800 =$200 to the loan of GHS 3200 = $800 to support and buy the brand new tricycle.

This tricycle will be a good support to the farmers since they always have to pay for transporting their produce to the central market at an extra cost. The tricycle when bought will also be another form of revenue to the villagers by working during days they will not be transporting goods at other nearby villages which will also support in repayment of the vehicle.

A day's work of the tricycle will generate approximately 40 GHS = $10 which will work for 4 days and the 2 days in the week will be used by the villagers to transport their produce to the market to sell. The income generated will also be used to fuel the tricycle for the villagers so that transportation becomes a zero cost to them hence increasing their income from sales to enhance the livelihood of themselves and their family. One of the farmers has been able to finance his daughter to the High School through the help of Zidisha.

I kindly plead with Lenders to help me continue to better the lives of many individuals who didn't have the access to a better standard of living. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$828.21

Date disbursed

Aug 19, 2016

Repayment status

On Time

Projected term

64 months

Cost to entrepreneur

Service fee: $20.38

Lenders

A

Anninymouse

Southampton, United Kingdom

A

aaronmcmurray

SLC, UT, United States

B

bgalon

London, United Kingdom

S

sendai

Saint Paul, United States

investor

Candiac, Canada

K

Krokslatt

Mölndal, Sweden

bdm4a

San Fransisco, United States

W

Witlof

Tsukuba, Japan

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

S

Simmo

Sydney, Australia

DeanDropshot

Oslo, Norway

traciyoshiyama

Honolulu, United States

C

czeisler

Hochheim, Germany

F

FaaThailand

Bangkok, Thailand

A

anonymus

Moon, United States

P

PaulDC

Washington, DC, United States

R

Roman

Barcelona, Spain

A

aliasadsj

Queens, NY, United States

C

cjmenchaca

Austin, United States

DaveinPerth

Perth, Australia

Aggul

London, United Kingdom

M

mason243

Denver Colorado, United States

J

jdhowa2

Louisville, KY, United States

C

CrazyCanuck

Nepean, Canada

B

betagal

Geneva, Switzerland

MichaelR

Los Angeles, United States

H

hilde

seattle, United States

V

valeriesolanas

Stamford, United States

beverly

Vancouver, Canada

O

OneSummer

Muenster/Westphalia, Germany

airvillepa

Airville, Pennsylvania, United States

C

chrisherron

Chicago, United States

indeh

London, United Kingdom

J

JandC

Watsonville, United States

SeeMeeFi

Ontario, Canada

A

Aman

Johannesburg, South Africa

K

Kevincleary

Omaha, United States

D

danderson1953

Plainsboro, United States

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

A

Aaron

Zurich, Switzerland

C

cescotet

Needham, United States

trackpal

Brighton, United Kingdom

nakamura

United States

M

magnus_h

Bergen, Norway

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Zal0m0n

Atlantis!!!! x), Mauritania

JFais

Atlanta, United States

JonB

London, United Kingdom

H

Habroukema

Austin, United States

dmirpuri

Bangkok, Thailand

xtrahardware

Cazenovia, United States

lizandsteve

guelph, Canada

E

E

Marin county, United States

mfrost3

Dakar, Senegal

T

Texikan

Fort Worth, United States

M

Morgan1301

United States

D

DanielW

United States

M

Malibu

Westwood, United States

D

drorm

United States

J

Jonas

Linköping, Sweden

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

N

nlane

Vietnam

K

karthich

Austin, United States

bb4dogs

United States

Flipmore

Vancouver, Canada

Insomnus

Cheltenham, United Kingdom

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

G

Gavin

New Zealand

B

blambert

United States

belvi

Hoogeveen, Netherlands

I

idris

United States

Loungin

United States

K

Keith

Luxembourg

M

Medagan

San Franciso, United States

N

nedenchase

United States

H

hayek

Stuttgart, Germany

I

ident

Horsholm, Denmark

EightRiversCapital

Stamford, Ct, United States

reluck

Marseille, France, France

A

andreab

United States

KM

Kirsty M

United Kingdom

Eduardo

Sorocaba, Brazil

D

David

United States

Gab

Singapore

P

PC

United States

SteveFylde

United Kingdom

MW

Matt Willis

United States

WH

Walter Hill

United States

jtreyes

United States

JM

John Meserve

United States

Francoise Kuenzi

Neuchâtel, Switzerland

Dean Cress

United States

ES

Ed Sikorski

United States

N

Nadine

Düsseldorf, Germany

KD

Kent Don

United States

JD

Jeff DePree

United States

Martin Nielsen

Aarhus, Denmark

MS

Max Stot

Stuttgart, Germany

PG

Paul Graham

United States

KM

Keir M

London, United Kingdom

Aran Dunlop

United States

wissam

Jeddah, Saudi Arabia

Eugen Stamm

Zurich, Switzerland

CR

Christine Randall

Brisbane, Australia

Carlo Cruz

Cincinnati, OH, United States

Thomas

Sweden, Sweden

DK

Danny Kelly

United States

P

patrick

United States

B

Boris

Bern, Switzerland

Fanny Teppe

Lyon, France, Belgium

KT

Kate Turner

United States

WG

Waqar Ghani

United States

Derek Anderson

Yankton, United States

E

Elynne

United States

HPK

Switzerland, Switzerland

BW

Betty Waweru

United States

TS

Tyler Shields

United States

SS

Steve Smith

Winchester, Ma, United States

HH

Heidi Harris

United States

C

Carlene

United States

Jes-c

United States

B

Brett

Australia

T

Tom

Switzerland

RG

Ravi Gadad

United States

Zack Stein

United States

RC

Richard Cosh

Czech Republic

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

SP

Svetlin Panayotov

Targovishte, Bulgaria

G

Gary

United States

J

Jon

United States

A

Auguste

Switzerland

Evan Metzner

United States

J

jan

United States

Martin Kraus

Traiskirchen, Austria

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Geoguillot

California, United States

JA

Joshua Axtell

United States

K

keithlaycock

United Kingdom

Thomas Naimoli

United States

Day Family

Melbourne, Australia

A

Ari

United Kingdom

BE

Bob Ewing

United States

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

AB

Andrew Bent

United States

AL

Ada L

Boston, MA, USA, United States

S

Sus

Germany

E

Ejvin

United States

Dave Magnan

Québec, Canada

K

Kyle

Durban, United Kingdom

PC

Peter Cordier

United States

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

MS

Merel S

Netherlands

Philipp Lehmann

Zurich, Switzerland

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