A loan to improve my cashew farm and buy fertilizers

Entrepreneur

About Me

As the first male born of four children i started school while i
was with my parents. Then in 1995, when i got to primary
five, my father died ,as a result of that we couldn't pay our bills so us(by then three siblings) including
my mother to our hometown
to stay there. I managed to complete JHS in 2000 upon the
hardships i went through of helping people on their farms for
money. My intention was to stop schooling and enter into
farming by then, but with the little help from my mother i was
able to complete in 2003. Since my result could help me
further my education, i continued at the University for
Development Studies in September 2006. Upon entry, it was
only in the first year i could pay my fees in full. For
subsequent years i remained number one on the debtors' list
till completion when i gathered money from my National
Service allowance to pay before taking my certificate.

My Business

Since my intentions have been to enter into large scale
farming i have secured over twenty acreas of land to plant
cashew to be shared equally with my family which is termed
in our local parlance here as ''yo ma yenc3'' I was motivated by the
fact that cashew has become the next cash crop after cocoa
in Ghana, providing income for people who go into it.
Moreover, i don't want to always remain a dependent, rather
self-sufficient individual capable of helping other people such
as Zidisha is doing a great job.
Since it is a cash crop and needs time to mature i have not
started gaining anything in the form of revenue from the
cashew yet. Not this withstanding, i do plant yam, cassava as
well as maize and some vegetables which i do sell to hire labour. I do spend an
estimated amount of over four thousand Ghana cedis
(GHC4,000.00) per annum on the farm. This amount is
distributed in buying weedicides, cashew nuts for planting,
cost of hiring labour and other farm tools.
In addition to the cashew, i do plant cassava maize and yam,
and proceeds from there go to help my other family members in their education and pay mothers bills .Finally, i intend using part of my
salary be repaying the loan since i am a teacher.

Loan Proposal

With the additional capital loan, I can buy quality new cashew nuts
that are expected to increase production and
productivity, and buy good fertilizer for good productivity, the existing cashew nuts quality nuts less support so
that productivity can not be increased. I would not use the
results of the new cashew nuts have to pay my debt to Zidisha as a
result of money from these seeds take a long time from
planting to make money, BUT, I will use the infusion of money
that"s available now to pay the debt, and invest some of the money as well. which is
money I can from the plant that has been running for this, and
I am sure all will be able to pay my debt obligations to
Zidisha, thank you.

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Loan Info

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