Entrepreneur
Name
Daniel
Member since
May 2014
On-time repayments
28 installments • 64%
About Me
Am Daniel Ochieng Nyakado born in 1988 at Gendia mission hospital at Rachuonyo District.I started my primary education at kosele primary school and got 355 marks out of 500 marks in the year 2002.I then proceeded to Gendia secondary school where I did my exams in the year 2006 and got grade C+(plus). I later joined Kenya school of professional studies in Nairobi and graduated with Diploma in Business administration.Am A business man by profession and currently am running Fish business in Gikomba market Nairobi.I started this Fish business to allow me take care of my family,proceed with my education and assist my siblings.Since I started the business have managed to purchase Motorbike to facilitate my transport to the market, build a stall in the market and bought Fridge to keep fish fresh . My hobby is watching football and reading novels
My Business
Am requesting this loan to allow me expand my fish business more than current stock.I will pay back this loan with interest made from the sales of the fish stock. In Gikomba market there is demand for Fish by the Hotels owners in the city and city residents. My customers prefer my stock because it is from fresh water lake by the name, Lake Victoria, compared to my competitors who sell's fish from Fish pond built in some nearby towns.Fish from the the ponds are tasteless compared to fish from natural lakes. My business is profitable because I have a lot of customers and my sales per day is good.One main challenge is lack of enough fund to Purchase more stock as some of my customers do miss to get fish. My monthly collection is A round USD3194 and My Monthly expense is a round USD2221.
Loan Proposal
I will use the loan to add my stock by purchasing more catfish,Nile perch and tilapia this will make me increase my daily purchase with around 100 pieces of fish daily and this will cost$332.My benefit will be generation of more profit from the new 100 pieces of fish added to my stock,of $85 Monthly hence growth of my business and better life for me and that of my family.Lenders am pleading for your support to help me realize my dream through these business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$287.00
Date disbursed
May 10, 2015
Repayment status
On Time
Projected term
4 months
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