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
Positive
3
Neutral
None
Negative
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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
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Summary
Amount repaid
$682.50
Amount remaining
$0.00
Date repaid
May 24, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 6, 2016 | $20.00 | Jan 6, 2016 | $20.00 |
| Jan 13, 2016 | $20.00 | Jan 6, 2016 | $20.00 |
| Jan 20, 2016 | $25.00 | Jan 20, 2016 | $25.00 |
| Jan 27, 2016 | $25.00 | Jan 27, 2016 | $25.00 |
| Feb 3, 2016 | $25.00 | Feb 3, 2016 | $25.00 |
| Feb 10, 2016 | $25.00 | Feb 10, 2016 | $25.00 |
| Feb 17, 2016 | $25.00 | Feb 18, 2016 | $25.00 |
| Feb 24, 2016 | $25.00 | Feb 24, 2016 | $25.00 |
| Mar 2, 2016 | $25.00 | Mar 2, 2016 | $25.00 |
| Mar 9, 2016 | $25.00 | Mar 10, 2016 | $25.00 |
| Mar 16, 2016 | $25.00 | Mar 17, 2016 | $25.00 |
| Mar 23, 2016 | $0.00 | ||
| Mar 30, 2016 | $37.50 | Mar 23, 2016 | $25.00 |
| Mar 30, 2016 | $12.50 | ||
| Apr 6, 2016 | $37.50 | Mar 30, 2016 | $25.00 |
| Apr 7, 2016 | $12.50 | ||
| Apr 13, 2016 | $45.00 | Apr 11, 2016 | $45.00 |
| Apr 20, 2016 | $45.00 | Apr 21, 2016 | $45.00 |
| Apr 27, 2016 | $50.00 | Apr 28, 2016 | $50.00 |
| May 4, 2016 | $50.00 | May 6, 2016 | $50.00 |
| May 11, 2016 | $50.00 | May 10, 2016 | $50.00 |
| May 18, 2016 | $50.00 | May 17, 2016 | $50.00 |
| May 25, 2016 | $52.50 | May 23, 2016 | $48.75 |
| May 24, 2016 | $3.75 | ||
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