Entrepreneur
Name
Sarfo
Member since
February 2015
On-time repayments
123 installments • 59%
About Me
I am a young university graduate with a Bachelor of Science in Agriculture. I am a tutor at Menji Agric Senior high school in Tain District of Brong Ahafo region of Ghana. My hometown is riddled with poverty with most children finding it difficult to fund their education in the senior high school level. I have a strong passion for agriculture with the sole aim of raising income to support needy but brilliant students both in my school and hometown.
My Business
My farm is a five hectare cashew plantation which was secured two years ago. I have started making proceeds from two hectares of the farm.Cashew is a very important cash crop in the Brong Ahafo region of Ghana. It has a high market demand and has improved the lives of various people. It is less tedious and less laborious to farm cashew as compared to other cash crops.
I also purchase the cashew nuts from other farmers and sell it to cashew buying companies. Proceeds from my farm as well as profit generated from my cashew business help in augmenting my salary as a teacher. Profits made are to support needy but brilliant students in my community.
Securing any support in a form of loan can help me hire laborers to harvest the nuts especially during January to April. Part of the loan would be used to purchase cashew nuts for sale. I'm also researching into how to process the fruits as beverage. Most farmers concentrate solely on the nuts and allow the fruit to go waste.The fruit can also be incorporated into the soil as a source of organic fertilizer. With your financial support,a lot can be achieved.
Loan Proposal
I intend using my loan to expand my cashew farm. The money would be used in paying labourers, buying cashew seedlings and buying agro chemicals to spray my existing two hectare farm to enable me have plentiful harvest. I'm making efforts in buying shear nuts in the northern part of Ghana(due to the high demand of shear nuts).
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$438.00
Date disbursed
Jun 23, 2015
Repayment status
On Time
Projected term
5 months
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Summary
Amount repaid
$409.75
Amount remaining
$36.50
Date repaid
Dec 11, 2015
Status
Fully repaid
Installment amount
$20.00
Next installment
Nov 22, 2015
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 5, 2015 | $31.75 | Jul 5, 2015 | $31.75 |
| Jul 12, 2015 | $31.75 | Jul 12, 2015 | $31.75 |
| Jul 19, 2015 | $31.75 | Jul 19, 2015 | $31.75 |
| Jul 26, 2015 | $17.50 | Jul 26, 2015 | $17.50 |
| Aug 2, 2015 | $17.50 | Aug 4, 2015 | $17.50 |
| Aug 9, 2015 | $17.50 | Aug 11, 2015 | $17.50 |
| Aug 16, 2015 | $17.50 | Aug 16, 2015 | $17.50 |
| Aug 23, 2015 | $17.50 | Sep 2, 2015 | $17.50 |
| Aug 30, 2015 | $17.50 | Sep 2, 2015 | $17.50 |
| Sep 6, 2015 | $17.50 | Sep 6, 2015 | $17.50 |
| Sep 13, 2015 | $17.50 | Sep 6, 2015 | $17.50 |
| Sep 20, 2015 | $17.50 | Oct 1, 2015 | $17.50 |
| Sep 27, 2015 | $17.50 | Oct 1, 2015 | $17.50 |
| Oct 4, 2015 | $17.50 | Oct 1, 2015 | $17.50 |
| Oct 11, 2015 | $17.50 | Oct 9, 2015 | $17.50 |
| Oct 18, 2015 | $17.50 | Oct 9, 2015 | $17.50 |
| Oct 25, 2015 | $20.00 | Oct 22, 2015 | $20.00 |
| Nov 1, 2015 | $20.00 | Oct 22, 2015 | $20.00 |
| Nov 8, 2015 | $20.00 | Oct 31, 2015 | $20.00 |
| Nov 15, 2015 | $20.00 | Oct 31, 2015 | $20.00 |
| Nov 22, 2015 | $20.00 | Nov 17, 2015 | $3.50 |
| Dec 11, 2015 | $3.50 | ||
| Nov 29, 2015 | $23.50 | ||
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