To purchase hybrid coconut seedlings

Michael

Effiduase Ashanti, Ghana

100% repaid

Follow Michael How it Works

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 will use part( 100 USD) of this loan to hire labour to prepare my land, purchase hybrid coconut seedlings and the remaining part( 150 USD) for the maintenance of the coconut plantation farm. I will need 190 USD for the purchase of 150 coconut seedlings to establish 2 Acres coconut farm
It is expected that after 3 years, 150 plants can give me minimum of 5,357 USD every year

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$349.00

Date disbursed

Sep 14, 2017

Repayment status

On Time

Projected term

2 months

Other loans

Apr 2015:  $48

Jul 2015:  $107

Sep 2015:  $303

Jan 2016:  $382

Lenders

Pierfausto

Rome, Italy

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Michael Bauschke

Dresden, Germany

Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Michael    Dec 12, 2017

    Thanks to all my lenders, I was able to purchase over 150 coconut seedlings to establish 2 Acre coconut farm. Its my plan to expand the farm next year.

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  • Michael    Nov 19, 2017

    Due to temporal financial challenge

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  • Michael    Oct 30, 2017

    I can now afford to pay more

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  • Michael    Sep 12, 2017

    Dear Lenders, I just dont know what to say, I am so delighted to thank you so much for your financial support, my heart is full of joy and I will never let you down. I will use the money for the intended purpose. May God richly bless you and the entire Zidisha team. Long live Zidisha, long live Lenders.

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  • Michael    Sep 3, 2017

    My dream of buying brush cutter came to pass by my donors through zidisha Team.
    Now I am able to control weeds in my farm effectively and efficiently. That has led to the improvement in the growth rate of my cocoa plants, hence increase in yield as well. I say thank you to all my donors and entire zidisha team, God bless you more

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  • Michael    Jul 5, 2017

    Now the yield of my cocoa crops have significantly improved, so I can pay the new amount easily, thanks

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  • Michael    Feb 7, 2016

    I have received Gh 1501 loan from zidisha
    I will use the above amount to purchase 3-in1 brush cutter machine.
    I am so grateful to all my lenders as well as the zidisha team, may God richly bless you so much, amen.

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  • Michael    Jan 27, 2016

    The loan will be used to purchased 3-in-1 brush cutter. It will help me to control weeds effectively at a lower cost and that will increase the yield and more yield means more income for my house hold.
    I am so grateful to my lenders and the zidisha team, may the Almighty God bless you so much, thank you once again.

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  • Michael    Jan 15, 2016

    Thank you, for your concern.

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  • Roy    Jan 14, 2016

    Michael, I am sorry you did not get funded...Please try again.
    Best Regards,

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  • Michael    Jan 7, 2016

    The loan I received enabled me to hire more farm labourers to work on my farm and that has lead to good farm sanitation. Due to lack of weed competition, the yield of the cocoa has increased by 10 percent

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  • Michael    Dec 26, 2015

    Wishing all merry christmas

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  • Michael    Nov 25, 2015

    Thank you Mr. Roy

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  • Michael    Nov 12, 2015

    Mr, Roy thanks for your concern.

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    • Roy    Nov 22, 2015

      Micahel, I hope you know that if you are having trouble with the payments it is best if you reschedule.
      Best Regards,

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  • Michael    Nov 12, 2015

    I am doing well Sir, what about you?

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  • Roy    Nov 12, 2015

    How are you Michael?

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  • Michael    Sep 17, 2015

    I have received 318.30 USD from zidisha.
    Part of this loan will be saved towards the purchasing of the brush cutter and the rest will be used to hire farm laborers.
    This loan will enable me to do proper farm sanitation, I STRONGLY BELIEVE THAT, THE BRUSH CUTTER CAN BE PURCHASED WITH MY NEXT LOAN, GOD WILLING.
    To all my lenders and zidisha team, may the Almighty God bless you all, thank you for making me happy.

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  • Michael    Sep 15, 2015

    Part of this loan will be saved towards the purchasing of the brushcutter and the rest will be used to hire farm laborers.
    This loan will enable me to do proper farm sanitation, I STRONGLY BELIEVE THAT, THE BRUSH CUTTER CAN BE PURCHASED WITH MY NEXT LOAN, GOD WILLING.
    To all my lenders and zidisha team, may the Almighty God bless you all, thank you for making me happy.

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  • Joseph    Sep 4, 2015

    Congratulations and good luck with your project

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  • Michael    Sep 1, 2015

    God bless you (lenders) all, especially madam Wendy, for your support and concern, thank you very much.

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