Cassava farming

Paul Ede Ugwu

Umuahia, Nigeria

100% repaid

Entrepreneur

Name

Paul Ede Ugwu

Location

Umuahia, Nigeria

On-time repayments

13 weekly installments  •  77%

About Me

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

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.

Loan Proposal

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.

Income Source

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.83

Date disbursed

May 30, 2021

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: 5% of $12.83 = $0.64

Credit risk payment: $3.21

Lenders

Paul Buchheit

Mountain View, United States

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