Stocking fertilizer for local farmers

Entrepreneur

About Me

I am called Osei Boadi Jehoshaphat. I am 28 years of age, dark in complexion and moderately built. I come from Atebubu in the Brong Ahafo Region of Ghana. I am in a family of three and the first son of my parents. I had my primary and Basic Education at the Atebubu D/A Basic School and furthered at Amantin Senior High School in the Brong Ahafo Region of Ghana. I could not continue to the tertiary level due to financial hardships. My father died when I was 12 years old so I was catered for by my mother alone. My mother is a poor farmer so no money to further to the tertiary level of the educational ladder. I am a self-employed. I run my own agro chemical business. I entered into this business due to the high demand for agro chemical products. Over the few years of my practice, I have been able to employ two people who have been giving a helping hand at the shop. The food I like best Fufu and fish soup. The game I like best I is football. My hobbies are reading, swimming and watching football.

My Business

The name of my agro chemical shop is "ADOM ARA KWA AGRO CHEMICALS" which literally mean The Grace of God. It is located at Atebubu along the Atebubu-Kumasi main road. I started the business about 4 years ago. When I stared, I use to sell the products on Tuesdays which is the market day of Atebubu. I started this way because I have no shop to keep the products so I do keep them in the house then on Tuesdays I bring them to the market to sell. Gradually, I managed to get small metal container in which I now keep the products and sell them everyday. I sell agro chemical products like fertilizers,pesticides weedicides etc. I have employed two workers who have been helping me always at the shop. I live in a farming community so my products go on well for me. I was able to get profit ranging from $45 to $70 every week. Which assist me cater for my family. My prime aim is to expand the business so that I can employ more people to reduce the unemployment rate in my country.

Loan Proposal

Dear lenders, I wish to apply for a loan of $100 to expand my agro chemical business. When given this loan, I will use it to buy more agro chemical products such as pesticides, weedicides, fertilizers etc. Dear lenders the amount I have is not enough so please assist me with the loan. When this loan is given to me, it will help me purchase more of the agro chemical products stated above. This will also go a long way to help me increase my profit margin by 60% every week. Since my business is sited in a farming community, there is a high demand for agro chemical products so with your help, my business can be expanded. I hope my loan will be considered fully funded on time. I promise to repay my loan on time.

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