Brush cutting machine for my plantain and cocoa farm
Michael
Effiduase Ashanti, Ghana
100% repaid
Entrepreneur
Name
Michael
Member since
February 2015
On-time repayments
120 installments • 48%
About Me
My grandmother sponsored my education from primary school to Secondary school because my parents were not available. During my post secondary education, I worked as photographer to support my education.
Apart from my main job as agriculturist, I sell quality hybrid coconut seedlings to farmers as I share technical knowledge with them.
My children want to become health workers in future.
My hobbies are swimming and helping of the needy people and music.
My Business
I work as cocoa, plantain and coconut farmer. The cocoa beans and coconut fruits have ready market and fixed produce price. I decided to farm in order to practice the knowledge acquired in school.
My typical cost emanate from hiring of farm labour, purchasing of agro inputs, farm implement and means of transport to farm. I get my revenue from my salary, and sale of farm produce, cocoa beans.
I use the profit to support my childrens education, reinvestment into my farm business and helping other needy people especially, renewing of their health insurance for them.
Loan Proposal
I need 500 dollars to purchase brush cutter for controlling weeds in my farm, pay for transportation of farm produce to the market place. One brush cutter cost 450 dollars. This amount will enable me to carry out all the farm activities at the right time, in order to have high yield of farm produce this year.
I hope this amount when receive would enable me to increase my profit by 25% thank you.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$48.00
Date disbursed
Apr 10, 2015
Repayment status
On Time
Projected term
2 months
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Lenders
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Summary
Amount repaid
$47.25
Amount remaining
$0.00
Date repaid
Jun 28, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 19, 2015 | $4.25 | Apr 19, 2015 | $4.25 |
| Apr 26, 2015 | $4.25 | Apr 26, 2015 | $4.25 |
| May 3, 2015 | $4.25 | May 3, 2015 | $4.25 |
| May 10, 2015 | $4.25 | May 10, 2015 | $4.25 |
| May 17, 2015 | $4.25 | May 17, 2015 | $4.25 |
| May 24, 2015 | $4.25 | May 24, 2015 | $4.25 |
| May 31, 2015 | $4.25 | May 31, 2015 | $4.25 |
| Jun 7, 2015 | $4.25 | Jun 7, 2015 | $4.25 |
| Jun 14, 2015 | $4.25 | Jun 14, 2015 | $4.25 |
| Jun 21, 2015 | $4.25 | Jun 21, 2015 | $4.25 |
| Jun 28, 2015 | $4.75 | Jun 28, 2015 | $4.75 |
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