To buy a mini-car to distribute cocoa seedlings to customers
Ronald
Berekum, Ghana
100% repaid
Entrepreneur
Name
Ronald
Member since
February 2015
On-time repayments
199 installments • 83%
About Me
I am kyere Ronald.I started schooling at AKAB Complex School, continued at Berekum secondary school, completed and continued at tertiary Stage.
I am working as a sole proprietorship as farmer. I entered into farming in the year 2013 with some capital of about $500 with two workers who are being paid monthly.
My Business
NURSERY OF COCOA SEEDS
When finished second cycle, I was gingered to farm. looking at my community I opt for nursery of cocoa seeds simply because, majority of people living in these area are cocoa growers. They have rich lands for agriculture .Many of them choose to grow cocoa. I use that opportunity to start to cocoa seeds nursery. Few people were doing that and during the farming season cocoa seedlings become scarce. I was able to produce 3000 cocoa seedlings in my first year.surprisely; people were chasing me for it. Now, I am able to produce 300000 cocoa seedlings throughout the year.Some of the challenges associated with the cocoa nursery include; ordering of the cocoa seeds, nursery site/space/shade, potting/polybag filling, planting seed, watering, and pest and diseases control.
THANKS TO LENDERS.
I give thanks to all the Zidisha lending groups and the individual lenders who made my dream came into reality.
May God bless and fill all their sources of income so that they may get some to finance the needy ones like me.
Loan Proposal
I once again give thanks To Zidisha lenders for helping up to this time.
LOAN PROPOSAL
I got some experience from My previous sale (cocoa seedlings) .I used to hire a car To do the distribution.sometimes,the car failed me. Also, the amount they charged Is huge.so after the All the sale,the profit I was expecting,the greater part went to the car aspenses.
In view of that I have decided to buy a mini Car to do the distributing.
The Car cost around $1700 .I have some amount but not up to that and for that matter, I am raising the anount $1400 which can help me buy the said Car.
BENEFIT OF THE CAR
I strongly believe that if I get the Car, it will make My bussiness move At faster rate.Also,the amount I always use for the hiring of the Car may be added To My profit.
HOW TO REPAY THE LOAN
I will be in a better position to do repayment from the sale of the seedlings because,people patronise the seedlings.
PROMISE
As the great Zidisha and its entire lenders have helped me to become someone in My community,I promise not to disapoint them.
Feedback
Positive
14
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,293.00
Date disbursed
Sep 12, 2016
Repayment status
On Time
Projected term
6 months
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Ask Ronald a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
guenter Apr 7, 2017
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