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'm into the farming and sale of cashew nuts in small quantities. Funds acquired would be used in the expansion of my business. Efforts are being made in processing the cashew fruits which though in abundance,are normally allowed to rot. The can be processed into fruit juice,animals feed or compost. Profit made from this venture would be solely used for supporting the less privileged to have access to education. I'm particularly interested in an eight year old deaf and dumb child in my hometown.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
Apr 17, 2015
Repayment status
On Time
Projected term
7 weeks
Other loans
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Summary
Amount repaid
$183.75
Amount remaining
$0.00
Date repaid
Jun 7, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 26, 2015 | $22.75 | Apr 26, 2015 | $22.75 |
| May 3, 2015 | $25.00 | May 3, 2015 | $25.00 |
| May 10, 2015 | $25.00 | May 10, 2015 | $25.00 |
| May 17, 2015 | $25.00 | May 17, 2015 | $25.00 |
| May 24, 2015 | $25.00 | May 24, 2015 | $25.00 |
| May 31, 2015 | $25.00 | May 31, 2015 | $25.00 |
| Jun 7, 2015 | $36.00 | Jun 7, 2015 | $36.00 |
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