Buying of cashew seed
Micheal
Berekum, Ghana
$0 to go
100% funded of $67 goal
0
days left
Entrepreneur
Name
Micheal
Member since
September 2017
On-time repayments
11 installments • 45%
About Me
Am a young man of 30years of age. I started school at all for christ international school and I proceeded to Berekum Presec.
I use to stay with my uncle when I was in school. I assisted him in his poultry farm during vacation.I was paid for the assistance. I gathered the money generated from the poultry farm for two years.
My parents gave me money to start busines . So I added the money given to me by my parents and the money generated from my uncle's poultry farm together. I use this miney to purchase a tricycle. This how I overcame hardship in life.
According to our culture we take care of our parents. The children in my community wants to entrepreneurs when they grow.
The game I like best is football.
My Business
My business is tricycle. It is used in conveying goods from one place to another. Goods sold by market women are being carried from one place to the market by my tricycle. I choose that business because it was difficult for the market women to send their goods to the market. In a week I spend 100cedis on fuel and am able to raise 500cedis.The profit is used to sponsor my siblings education.
Loan Proposal
If the loan is been given to me I won't to used it to buy cashew seed. In Ghana here this is the season in which cashew seed are grown and they are ready for buyers to buy them. It is very profitable. The price of a cashew one kilo for now is one dollar. Am hope that by the next two months the price will be increased to two dollars per one kilo. So I won't to used my tricycle to buy cashew seed for now so that I can sell them later when the price is increases so that I can get more profits. If am been given the loan to buy the cashew seed it will help me to get more profits because am going to used my own tricycle to carry the cashew seed so hopefully I will get more profit from it. If the loan is been given to me my profit will be increased by seventy percent of what I used to earn when I used my tricycle per week. This is what I will used my loan to do and the profits I will gain when the loan is been given to me. I will be very glad if the loan is been fully fund and the loan is been given to me. Thanks you very much wish to fund my loan soon.
About Me
Am a young man of 30years of age. I started school at all for christ international school and I proceeded to Berekum Presec.
I use to stay with my uncle when I was in school. I assisted him in his poultry farm during vacation.I was paid for the assistance. I gathered the money generated from the poultry farm for two years.
My parents gave me money to start busines . So I added the money given to me by my parents and the money generated from my uncle's poultry farm together. I use this miney to purchase a tricycle. This how I overcame hardship in life.
According to our culture we take care of our parents. The children in my community wants to entrepreneurs when they grow.
The game I like best is football.
My Business
My business is tricycle. It is used in conveying goods from one place to another. Goods sold by market women are being carried from one place to the market by my tricycle. I choose that business because it was difficult for the market women to send their goods to the market. In a week I spend 100cedis on fuel and am able to raise 500cedis.The profit is used to sponsor my siblings education.
Loan Proposal
If the loan is been given to me I won't to used it to buy cashew seed. In Ghana here this is the season in which cashew seed are grown and they are ready for buyers to buy them. It is very profitable. The price of a cashew one kilo for now is one dollar. Am hope that by the next two months the price will be increased to two dollars per one kilo. So I won't to used my tricycle to buy cashew seed for now so that I can sell them later when the price is increases so that I can get more profits. If am been given the loan to buy the cashew seed it will help me to get more profits because am going to used my own tricycle to carry the cashew seed so hopefully I will get more profit from it. If the loan is been given to me my profit will be increased by seventy percent of what I used to earn when I used my tricycle per week. This is what I will used my loan to do and the profits I will gain when the loan is been given to me. I will be very glad if the loan is been fully fund and the loan is been given to me. Thanks you very much wish to fund my loan soon.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$67.00
Date disbursed
Feb 4, 2018
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
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Summary
Amount repaid
$0.00
Amount remaining
$67.47
Expected completion
Mar 19, 2018
Status
Repaying late
Installment amount
$13.45
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 12, 2018 | $13.45 | ||
| Feb 19, 2018 | $13.45 | ||
| Feb 26, 2018 | $13.45 | ||
| Mar 5, 2018 | $13.45 | ||
| Mar 12, 2018 | $13.45 | ||
| Mar 19, 2018 | $0.22 | ||
Julie Apr 15, 2018
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