Entrepreneur
Name
Eric
Member since
July 2015
On-time repayments
73 installments • 12%
About Me
My name is Eric okyere Amankwah. I remember growing up in the city of Accra and attending the best of schools in the capital city of Ghana. I thought the whole country side of Ghana was like Accra until I finished my secondary education and got a job with Ghana cocoa board and was posted to a remote cocoa growing village in the western region of Ghana. There I saw how deprived and lowly lifes that farmers live and the poverty and social injustice they face as people. There was this compassion and an intense motivation to help rural folks have a new meaning to living by not altering what they do as peasant farmers but leveraging on their daily activities of farming and giving them access to the international market.
For this and more, I realized that the most common crop that is widely cultivated was cassava. My research work brought to light that out of the 14million tons cultivated annually in Ghana, only 4million tons get to be used and the rest go to waste. Learning from the Vietnam and Indonesia experience where Millions of tons are shipped to China and Europe, I set up this organisation to buy cassava from the peasant farmers and process them into cassava chips for export.
My Business
Having an off -taker for my produce and machines to process the chips sets me up to reach out to more farmers and to encourage them to plant more.
Currently we buy a ton of cassava at $35. Cassava contains 70% water so you need to process 3 tons to get 1ton dry matter. Our selling price currently is $170 per ton.
We hope to get access to finance to set up in other communities in Ghana.
Loan Proposal
I seek to use the loan to buy more cassava from farmers for production.
Going forward we hope to be able to help more farmers by paying their health insurance premiums and also invest into machinery to help farmers weed and cultivate their cassava farms without the usual hectic work in the farms.
Access to organic fertilizers for their farms will also be a priority of my organization. All in all, we hope our actions will translate into alleviating extreme poverty in rural areas of Ghana.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 30, 2015
Repayment status
Late
Projected term
17 months
Lenders
I want my "My loans" page back, Qatar
United States
Summary
Amount repaid
$33.75
Amount remaining
$79.25
Expected completion
Jan 1, 2017
Status
Repaying late
Installment amount
$1.25
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $12.50 | Aug 8, 2015 | $12.50 |
| Aug 16, 2015 | $12.50 | Aug 14, 2015 | $12.50 |
| Aug 23, 2015 | $0.00 | ||
| Aug 30, 2015 | $1.25 | Aug 29, 2015 | $1.25 |
| Sep 6, 2015 | $1.25 | Sep 12, 2015 | $1.25 |
| Sep 13, 2015 | $1.25 | Sep 12, 2015 | $1.25 |
| Sep 20, 2015 | $1.25 | Sep 19, 2015 | $1.25 |
| Sep 27, 2015 | $1.25 | Sep 27, 2015 | $1.25 |
| Oct 4, 2015 | $1.25 | Oct 4, 2015 | $1.25 |
| Oct 11, 2015 | $1.25 | Oct 9, 2015 | $1.25 |
| Oct 18, 2015 | $1.25 | ||
| Oct 25, 2015 | $1.25 | ||
| Nov 1, 2015 | $1.25 | ||
| Nov 8, 2015 | $1.25 | ||
| Nov 15, 2015 | $1.25 | ||
| Nov 22, 2015 | $1.25 | ||
| Nov 29, 2015 | $1.25 | ||
| Dec 6, 2015 | $1.25 | ||
| Dec 13, 2015 | $1.25 | ||
| Dec 20, 2015 | $1.25 | ||
| Dec 27, 2015 | $1.25 | ||
| Jan 3, 2016 | $1.25 | ||
| Jan 10, 2016 | $1.25 | ||
| Jan 17, 2016 | $1.25 | ||
| Jan 24, 2016 | $1.25 | ||
| Jan 31, 2016 | $1.25 | ||
| Feb 7, 2016 | $1.25 | ||
| Feb 14, 2016 | $1.25 | ||
| Feb 21, 2016 | $1.25 | ||
| Feb 28, 2016 | $1.25 | ||
| Mar 6, 2016 | $1.25 | ||
| Mar 13, 2016 | $1.25 | ||
| Mar 20, 2016 | $1.25 | ||
| Mar 27, 2016 | $1.25 | ||
| Apr 3, 2016 | $1.25 | ||
| Apr 10, 2016 | $1.25 | ||
| Apr 17, 2016 | $1.25 | ||
| Apr 24, 2016 | $1.25 | ||
| May 1, 2016 | $1.25 | ||
| May 8, 2016 | $1.25 | ||
| May 15, 2016 | $1.25 | ||
| May 22, 2016 | $1.25 | ||
| May 29, 2016 | $1.25 | ||
| Jun 5, 2016 | $1.25 | ||
| Jun 12, 2016 | $1.25 | ||
| Jun 19, 2016 | $1.25 | ||
| Jun 26, 2016 | $1.25 | ||
| Jul 3, 2016 | $1.25 | ||
| Jul 10, 2016 | $1.25 | ||
| Jul 17, 2016 | $1.25 | ||
| Jul 24, 2016 | $1.25 | ||
| Jul 31, 2016 | $1.25 | ||
| Aug 7, 2016 | $1.25 | ||
| Aug 14, 2016 | $1.25 | ||
| Aug 21, 2016 | $1.25 | ||
| Aug 28, 2016 | $1.25 | ||
| Sep 4, 2016 | $1.25 | ||
| Sep 11, 2016 | $1.25 | ||
| Sep 18, 2016 | $1.25 | ||
| Sep 25, 2016 | $1.25 | ||
| Oct 2, 2016 | $1.25 | ||
| Oct 9, 2016 | $1.25 | ||
| Oct 16, 2016 | $1.25 | ||
| Oct 23, 2016 | $1.25 | ||
| Oct 30, 2016 | $1.25 | ||
| Nov 6, 2016 | $1.25 | ||
| Nov 13, 2016 | $1.25 | ||
| Nov 20, 2016 | $1.25 | ||
| Nov 27, 2016 | $1.25 | ||
| Dec 4, 2016 | $1.25 | ||
| Dec 11, 2016 | $1.25 | ||
| Dec 18, 2016 | $1.25 | ||
| Dec 25, 2016 | $1.25 | ||
| Jan 1, 2017 | $0.50 | ||
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