Buying seedlings to increase production
Richard
Dodowa, Ghana
16% repaid
Entrepreneur
Name
Richard
Member since
March 2021
On-time repayments
7 installments • 14%
About Me
Am into farming, I have been in farming for the past 12years,i farm meanly rice and groundnut/peanut, now is getting close to a farming season and I need money to buy seedlings to increase my production capacity.
My Business
The farming business has been booming of late here in Ghana since 2017 since the new Government of Ghana introduced the planting for food and jobs, and planting for exports and rural development, this has really made Ghanaian to love the local foods which has helped in my line of business.
Loan Proposal
Need the loan to buy seedlings for my business/farm, the farming industry is booming in ghana, because of the policies of the new government, so there has been a high taste for local foods by household now, and I believe I will be able to meet up.
Income Source
As many households need food to survive in this time of the pandemic, we the farmers are making a lot of returns form our produce and with that I will be able to repay the loan.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$62.00
Date disbursed
Mar 8, 2021
Repayment status
Late
Projected term
7 weeks
Lenders
Summary
Amount repaid
$10.03
Amount remaining
$52.25
Expected completion
May 2, 2021
Status
Repaying late
Installment amount
$4.22
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 21, 2021 | $0.18 | Mar 7, 2021 | $0.18 |
| Mar 28, 2021 | $4.22 | Apr 15, 2021 | $4.22 |
| Apr 4, 2021 | $4.22 | Apr 15, 2021 | $4.22 |
| Apr 11, 2021 | $4.22 | Apr 15, 2021 | $1.41 |
| Apr 18, 2021 | $4.22 | ||
| Apr 25, 2021 | $4.22 | ||
| May 2, 2021 | $40.99 | ||
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