To purchase hybrid coconut seedlings
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 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
Positive
2
Neutral
None
Negative
None
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
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$348.41
Amount remaining
$0.00
Date repaid
Dec 6, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 25, 2017 | $4.60 | Sep 25, 2017 | $4.60 |
| Oct 2, 2017 | $4.60 | Oct 2, 2017 | $4.60 |
| Oct 9, 2017 | $4.60 | Oct 2, 2017 | $4.60 |
| Oct 16, 2017 | $4.60 | Oct 2, 2017 | $4.60 |
| Oct 23, 2017 | $4.60 | Oct 2, 2017 | $4.60 |
| Oct 30, 2017 | $4.60 | Oct 28, 2017 | $4.60 |
| Nov 6, 2017 | $64.35 | Nov 5, 2017 | $64.35 |
| Nov 13, 2017 | $64.35 | Nov 10, 2017 | $64.35 |
| Nov 20, 2017 | $48.03 | Nov 20, 2017 | $48.03 |
| Nov 27, 2017 | $48.03 | Nov 27, 2017 | $48.03 |
| Dec 4, 2017 | $48.03 | Dec 3, 2017 | $48.03 |
| Dec 11, 2017 | $48.03 | Dec 6, 2017 | $48.03 |
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