Frederick
Nsuta, Ghana
100% repaid
Name
Frederick
Member since
October 2016
On-time repayments
86 installments • 29%
My name is Frederick Seth Essel and I am from Nsuta in the Ashanti region. My mother was uneducated but she was very interested in her children education so much that she single handed took care of my education to the Senior High School. I have to sell foodstuffs and smoke fish.I setup a business for myself and my siblings who are still in school. I heard of fish farming business when an NGO was conducting training on fish farming which I attended to get first hand insight on the business.
I started the fish farm with income save from works I have been done from weeding on peoples farm for a fee to working as a laborer at construction sites. Demand for fish especially catfish is high in demand in my area because it is a major source of protein for the main ethnic group so demand is always on the higher side. I am motivated to do the farm because of the high profitability of the business especially when I saw retied Accountant in my community doing catfish farm on a large scale with incentives for the youth who wanted to enter the business such as pond for rent and feed on credit for starters. All that I am doing is to be able to support my two sisters education to be able to achieved their dream of becoming nurses.
I provide catfish for the major marker sellers, small scale cold store and local restaurant operators. There is huge population at my district with high demand for catfish because per their culture it is their delicacy. I chose this business because it is highly profitable when it is done properly with the farmer having knowledge about the business. The total cost of operation is around GHS 1,000 for every six months covering fish feed, cost of rented pond, fingerlings, and water, with profit of GHS 2,000. I used the returns to help my family.
The following are the items i will used the money to purchase, fingerlings GHS70
This loan will help me to be able to support my two brothers education to enable them to achieved their dream of joining the police service and also to pay my house rent and bills.
With the help of zidisha, I am expecting a profit of $380.00 at the end of the six months
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$20.00
Date disbursed
Oct 5, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Amount repaid
$20.32
Amount remaining
$0.00
Date repaid
Mar 11, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 13, 2016 | $0.51 | Oct 13, 2016 | $0.51 |
Oct 20, 2016 | $0.51 | Oct 19, 2016 | $0.51 |
Oct 27, 2016 | $0.51 | Oct 19, 2016 | $0.51 |
Nov 3, 2016 | $0.51 | Nov 9, 2016 | $0.51 |
Nov 10, 2016 | $0.51 | Nov 9, 2016 | $0.51 |
Nov 17, 2016 | $0.51 | Nov 9, 2016 | $0.51 |
Nov 24, 2016 | $0.51 | Nov 23, 2016 | $0.51 |
Dec 1, 2016 | $0.51 | Dec 2, 2016 | $0.51 |
Dec 8, 2016 | $0.51 | Dec 2, 2016 | $0.51 |
Dec 15, 2016 | $0.51 | Dec 2, 2016 | $0.51 |
Dec 22, 2016 | $0.51 | Dec 2, 2016 | $0.51 |
Dec 29, 2016 | $0.51 | Dec 2, 2016 | $0.51 |
Jan 5, 2017 | $0.51 | Jan 6, 2017 | $0.51 |
Jan 12, 2017 | $0.51 | Jan 6, 2017 | $0.51 |
Jan 19, 2017 | $0.51 | Jan 6, 2017 | $0.51 |
Jan 26, 2017 | $0.51 | Jan 6, 2017 | $0.51 |
Feb 2, 2017 | $0.51 | Jan 6, 2017 | $0.51 |
Feb 9, 2017 | $0.51 | Jan 31, 2017 | $0.51 |
Feb 16, 2017 | $0.51 | Jan 31, 2017 | $0.51 |
Feb 23, 2017 | $0.51 | Jan 31, 2017 | $0.51 |
Mar 2, 2017 | $0.51 | Mar 2, 2017 | $0.51 |
Mar 9, 2017 | $0.51 | Mar 2, 2017 | $0.51 |
Mar 16, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Mar 23, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Mar 30, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Apr 6, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Apr 13, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Apr 20, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Apr 27, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
May 4, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
May 11, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
May 18, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
May 25, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jun 1, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jun 8, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jun 15, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jun 22, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jun 29, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jul 6, 2017 | $0.51 | Mar 11, 2017 | $0.51 |
Jul 13, 2017 | $0.26 | Mar 11, 2017 | $0.26 |
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