Tricycle to convey farm produce to the central market
Seth
Accra, Ghana
100% repaid
Entrepreneur
Name
Seth
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$828.00
Date disbursed
Aug 19, 2016
Repayment status
On Time
Projected term
64 months
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