Paul Ede Ugwu
13 weekly installments • 77%
I am Ugwu Paul.E. from Enugu State.I have interest in farming cassava and processing of cassava. Because with cassava we can get flour, ethanol,gari,starch and animal feed. I also teach rural farmers modern agricultural practices as it relates to cassava farming and processing. My wish is to have a cassava processing factory, where I will employ people and train young people in South East of Nigeria.
My business is cassava farming and cassava processing factory. From one hectare of I can earn #150,000.00 net profit after processing monthly.If I expand I will earn more.thanks.
I acquire cassava processing equipment because am renting now and develope 10 hectares of cassava farms. And the balance will be used for working capital.
The major risk is draught and low yield,I will spread my farms in the 5 states of South East, especially where there is natural running water.By that,I continue to have raw materials and I continue to process,sell and earn revenue to repay the loan.
May 30, 2021
Cost to entrepreneur
Service fee: 5% of $12.83 = $0.64
Credit risk payment: $3.21