To buy spraying machine to spray my cashew farm
Marfo
Berekum, Ghana
100% repaid
Entrepreneur
Name
Marfo
Member since
October 2017
On-time repayments
22 installments • 59%
About Me
I started my schooling at All for Christ International School then proceeded to Berekum Senior High School then to University of Education, Winneba.
On vacation, I used to join my friends who are masons to involve myself in construction work. I was paid at the end of the day. Income obtained from this work was used to support my secondary education
I was willingly going to school and unfortunately lost my father in the process. This sad thing happened in my first year at the university. Fortunately for me, I got assistance from my uncle to support me in the university. This is how I overcame hardship in school.
People in my community are hardworking and friendly. They celebrate a festival called Kwafie in the first month of every year. The festival is celebrated to remember our ancestors and also to ask for good luck and protection throughout the year.
Children in the community are always punctual at school. Most of them want to be public servants when they grow while others want to be entrepreneurs.
I like watching football.
My Business
I am a professional teacher. I teach integrated science at Star Business Senior High School. I earn 1000 Cedis monthly.
I invest part of my money in my provision shop. I sell biscuits, toffees, soft drinks, soaps, etc. I am the only provision shopkeeper in my area hence there is high patronage at my shop. It cost 1500 Cedis to run the business every month. My return ranges between 25% and 30% every month.
I use part of my profit to support school children and orphans.
I am also a farmer. I have a cashew farm. The size of my farm is 3 acres. The government buys cashew all over the country for export. Hence there is ready market for my farm products.
It cost 1000 cedis to run the farm yearly. I earn 6000 cedis yearly
Loan Proposal
I will use the loan to buy spraying machine. The spraying machine will be used to spray my cashew farm to control pest and diseases. This will contribute an increment of cashew harvested every year by 30%. It will also bring the problem of not getting spraying machine to spray my farm to an end.
I will hire out the spraying machine to other farmers for a fee. This will also generate another income.
The cost of the machine is $200.
About Me
I started my schooling at all for Christ international school then proceeded to Berekum senior high school then to university of education, Winneba.
On vacation I use to join my friends who are masons to involve myself in contruction work. I am paid at the end of the day. Income obtained from this work was used to support my secondary education
I was willingly to go to school and unfortunately lost my father in the process. This sad thing happens in my first year at the university. Fortunately for me I got an assistance from my uncle to support me in the university. This is how I overcome hardship in school.
People in my community are hardworking and friendly. They celebrate a festival called kwafie in the first month of every year. The festival is celebrated to remember our ancestors and also ask for good luck and protection through out the year.
Children in the community are always punctual at school. Most of them wants to be public servant when they grow while others want to be entrepreneurs.
I like watching football.
My Business
I am a professional teacher. I teaches integrated science at star business senior high school.I earn 1000 CEDI's monthly
I invest part of my money in my provision shop. I sell biscuits, toffees,soft drink, soaps etc. I am the only provision shopkeeper in my area hence there is high patronage from my shop. It cost 1500 CEDI's to run the business every month. My return ranges between 25% and 30% every month.
I use part of my profit to support school children and orphans.
I am also a farmer. I have cashew farm. The size of my farm is 3 arces. The government buy cashew all over the country for export. Hence there is ready market for my farm products.
It cost 1000 cedis to run the farm yearly. I earn 6000 cedis yearly
Loan Proposal
I will use the loan to buy spraying machine. The spraying machine will be used to spray my cashew farm to control pest and diseases. This will contribute an increment of cashew harvested every year by 30%. It will also bring the problem of not getting spraying machine to spray my farm to an end.
I will hire out the spraying machine to other farmers for a fee. This will also generate another income.
The cost of the machine is $200.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$145.00
Date disbursed
Dec 28, 2017
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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