Entrepreneur
Name
Mensah
Member since
September 2016
On-time repayments
19 installments • 37%
About Me
My childhood days have very small happiness as most of us were brought up in an extended family system. The cashew plant as my father would always say was our provider. It was by this plant we survived until i acquired my own piece of land to go into cashew farming. At a point it got burnt due to bush burning. It was a big punch since i was in college expecting to pay off my fees with the proceeds. But as year passed I learn how to make fire belts so that the farm is safe and now I am a class teacher needing to make ends meet and also commit to society. Improve my technical know how on agriculture that is cashew farming. I hope to raise more money acquire bigger potions of land expand the farm and also introduce my kids to this money making system. That is farming.
My Business
using comprehensive farming methods in order to gain high yields. its a ready made business where harvesting and selling are almost the same. Its just about harvesting the seeds and selling them. The seeds are used for chips and other purposes. The harvesting is done once very year but with careful farming practices and the necessary funds there is high yields. An acre of the plant can yield about 12 bags as price increases it can be bought for $120 a bag. An annual harvest can yield $1000 after all cost all just with an acre of land. Now compare 10 acres.
Loan Proposal
This loan will be used to to buy weedicide to enable me clear a parcel of land for cashew business. In the long run I will be creating more jobs for laborers and myself. At the end of the harvest I will be proud to call my self a farmer. This amount of $8 will be a life changer since it is said that little drops of water makes a mighty ocean.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
Mar 13, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Pitten, Austria
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