Farming and sale of cashew nuts

Sarfo

Jema, Ghana

100% repaid

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

Late December marks the beginning of cashew harvest in my locality. Most farmers are unable to convey their cashew nuts to cashew buying companies which are normally located in town.
The loan I secure will enable me raise money to buy the cashew nuts directly from the farmers and convey to the buying centers for sale.
I will use 450 dollars of my loan for the purchase of the nuts, 100 dollars for transportation, 50 dollars for laborers (who will pick the nuts from my farm), 40 dollars to buy weedicide to spray my farm, 30 dollars for the purchase of sacs and the remaining 32 dollars for miscellaneous.
I am highly optimistic that the yield from my farm as well as my salary can augment my business in realizing my dream.

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$700.00

Date disbursed

Dec 25, 2015

Repayment status

On Time

Projected term

4 months

Lenders

cyrus0302

San Francisco, United States

ErikN

Stockholm, Sweden

Scott

Oregon, United States

johnandmoliehi

Canton, New York, United States

G

guenter

Bremen, Germany

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

KM

British Columbia, Canada, Canada

D

Divergent

Bethesda, United States

G

glomardor

Leonardtown, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

B

BMcDermott

Washington, DC, United States

Evan Lamos

Brussels, Belgium

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

Flipmore

Vancouver, Canada

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

WiscoHorndog

United States

F

frenchy

United States

C

Crainster

Chapel Hill, United States

D

djlayton4

United States

MW

Matt Willis

United States

jtreyes

United States

Jennifer Weber

Canandaigua, Ny, United States

BB

Ben Bellows

United States

Framework Eyewear

Utrecht, Netherlands

B

Brent

United States

Martin Nielsen

Aarhus, Denmark

JF

Jason Foti

United States

PG

Paul Graham

United States

M

Mark

United States

K

kris

Belgium

L

LK

United States

JC

Justin cohan

United States

DK

Danny Kelly

United States

GS

G S

Switzerland

JC

juli camrud

United States

Ask Sarfo 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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  • Sarfo    Dec 17, 2016

    I have suffered a serious financial difficulty due to a sickness of a relative. This has made it difficult for me to make payments.

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  • Fofie    Dec 8, 2016

    I contacted him and he says he will make the payments. He keeps telling me this.

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  • Fofie    Dec 8, 2016

    I contacted him and he says he will make the payments.

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  • Fofie    Nov 10, 2016

    That he has some money issues. His business is not moving as expected. He will make the payments.

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  • Fofie    Sep 26, 2016

    I contacted him and he said he will make the payment soon.

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  • Sarfo    Jun 27, 2016

    I need to reduce the amount I pay so that I can hold the loan for a period of time and improve my business. I will adjust it upwards as time goes by.

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    • KM    Jul 26, 2016

      Thank-you, I'm sorry that your business isn't doing so well at the moment. I think you need to look again at your schedule, because I'm not sure that your adjustment went through correctly. (You are shown to be late.)

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  • Sarfo    Jun 27, 2016

    I'm highly grateful for the continuous support I gather from Zidisha. I have received a loan of $1414. I hope to making much impact with this loan.

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  • Sarfo    Jun 11, 2016

    I have received a loan of$1414 from Zidisha. This amount would be used to expand my cashew farm and also buy cashew nuts for sale. I am very grateful to my lenders and the entire Zidisha community.

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  • Sarfo    Jun 8, 2016

    I'm highly grateful to my lenders and the entire Zidisha team for finally funding my loan. I'll use the loan to finance the maintenance and expansion of my cashew farm and use the remaining amount for selling of cashew nuts.

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  • Sarfo    Jun 8, 2016

    I have five hours more for my funding period to expire and I have received 13% funding so far. I'm pleading with all concerned to help fund my loan. I business will be affected if I should re apply for funding.

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  • Sarfo    Jun 6, 2016

    I barely one day more and still 7%funding. I'm appealing to lenders to help fund my loan

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  • Sarfo    May 29, 2016

    I'm patiently waiting for funding for my next loan. I have barely a week to go and I have received 5% funding so far. I'm pleading with my lenders to hasten my funding for me. I believe my track record is strong and there's no doubt that I would pay back without hesitation

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  • Sarfo    May 25, 2016

    I was initially reluctant to join Zidisha when a friend introduced me. I have been greatly blessed upon joining Zidisha. The loan has a flexible payments system and a relatively smaller charge compared to our conventional financial institutions. I am so grateful to my lenders and the entire Zidisha community.

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  • Sarfo    May 25, 2016

    My recently paid loan has helped me in putting my cashew farm in order. I have been able to sell 10 tonnes of cashew with the loan given to me. I have been able to send a poor disabled girl (deaf ) to a boarding school and paid the fees in full. I am so grateful to the entire Zidisha community,particularly my lenders. I am highly optimistic that your continuous support would help me achieve a lot.

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  • Sarfo    Apr 24, 2016

    My plan is to sell at a larger scale next year. It's not difficult for me to buy from the farmers since I am one of them (a cashew farmer).

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  • KM    Apr 24, 2016

    I'm glad to learn that your business plan of buying from the farmers and then selling on to the companies is working. Next loan (?) you will be able to buy and sell even more, hopefully.

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  • Sarfo    Apr 24, 2016

    Business is improving

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  • Sarfo    Apr 10, 2016

    Business is improving

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  • Inger Elisabeth    Apr 5, 2016

    Thanks for distributing cashew to the marked. It's to cold to grow them here and my family and I love cashew nuts.

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  • Sarfo    Apr 4, 2016

    The rain delayed the maturation of cashew. That notwithstanding,business is improving.

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