A bigger freezer for my fish maws business

Evans Onyango Odote

Nairobi, Kenya

15% repaid

Entrepreneur

Name

Evans Onyango Odote

Member since

January 2014

On-time repayments

122 installments  •  76%

About Me

I started the business of selling fish bladder for export to the international market because it was readilly available and I could make an extra income from it and afford a decent living at the same time offer employment opportunities to the unemployed youth.The earnings from my business are re-invested in the business,for expansion purposes.My vision in future is to own a fish processing plant targeting both the local and international market.The fish processing plant will major in fish fillet and fish maws(swim bladder) and all the other by products from fish.the market is huge and it is possible with enough funding to achieve this objective.

My Business

The income to repay the loan will be derived from the sale of fish Maws which fetches good revenue in the international markets.The fish maws has a ready international market since it has varied uses in the pharmaceutical industry and in the medical field.it is widely used during delicate operations involving the human stomach and internal organs.it is used in the manufacture of the product used to sew up wounds and human body parts that have been operated on.The market is big and the supply at the moment is far too low compared to the demand.This makes the business highly lucrative,hence paying back the loan will not be a problem since I have the source and the ready market for the product.My customers prefer my business because of the professionalism that I display and the honesty that I project.This business like any other has risks inherent in it such as buying stale fish bladder,and buying undersize ones.Competition from the big players as is usual in any other business is a challenge that we contend with but with our networks throughout the supply chain,we are able to mitigate all these,and make profits.
On Monthly basis I spend Kshs.70,000 and make a profit of Kshs 20,000.With an increase of capital,we will be able to double our monthly profits greatly,and that is why Iam looking for a loan. This type of income per month,will ensure the loan is fully paid in time.

Loan Proposal

With the loan,I will purchase a bigger more powerful freezer for the fish maws.This is because the amount of fish maws have increased and I need more storage space and also because I am venturing into a new and a bigger market,so I need much more storage space to meet the demand.The price of the freezer is $762.The benefit of buying this freezer as I mentioned earlier is more cold storage space thus keeping the fish maws fresh for a longer period of time and this cushions me from price fluctuations and also will enable me to meet the increased demand of the new market.I expect my profit to increase by 40% on a lower estimation.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$769.96

Date disbursed

May 20, 2015

Repayment status

Late

Projected term

67 months

Cost to entrepreneur

Service fee: $30.25

Lenders

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D

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Chicago, United States

A

Anna01012

Bucksport, United States

A

Austrian

Graz, Austria

ShelbyDove

Los Angeles, United States

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

T

thomashult

Bromma, Sweden

Matthew

New York, NY, United States

W

wogman

Evanston, United States

S

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Nottingham, United Kingdom

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samiT

Brussels, Belgium

T

TheBarber

Oro Staion, Canada

C

cczapp

Hilliard, United States

A

Aastra

Los Angeles, United States

K

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Dublin, Ireland

ATrain

Nashville, United States

W

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London, United Kingdom

K

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groningen, Netherlands

peanut

Halifax, Canada

danielytao

Boston, United States

K

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Maple Valley, WA, United States

B

BobJames

Toulouse, France

K

Kaz12

Winnipeg, Canada

J

jwharding

Hamburg, Germany

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Melbourne, Australia

P

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Ashland, United States

N

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D

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Atlanta, United States

J

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Garland, Tx, United States

T

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Asheville, United States

T

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Wuppertal, Germany

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O

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H

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MPatino01

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A

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J

josemrus

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D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

Z

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Somerville, United States

W

WellingtonPFClass

Columbus, Oh, United States

M

Mooper

Los Angeles, United States

R

rawlo5660

san jose, United States

D

djschin

Heber City, United States

worldcitizen

Kutztown, Pa, United States

C

cescotet

Needham, United States

RandyPetersen1

Colorado Springs, United States

R

Roxyclark

Heber City, United States

J

justincomish

Riverton, United States

D

DearbornJackson

Rockville, United States

H

hivervan

watou, Belgium

B

Bluejay

Magrath, Canada

OlyRhys

Olympia, United States

S

stillc

Nashville, United States

foreverchanges

Krefeld, Germany

A

Aziza

Washington, United States

DT

Dru Tarr

Gloucester, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

T

Taiwan

San Gabriel, United States

C

cutebird2

Seattle, United States

U

UsefulDrivel

Fort Worth, United States

M

mtlfire

Montreal, Canada

J

jackieric

Folsom, CA, United States

M

moneypatch

Heber City, United States

L

lilbsedz

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H

hetultel

Ahmedabad, India

HMS_5th_Grade

Honolulu, United States

1

1711mp

Brooklyn, United States

B

boronat

Brussels, Belgium

L

LenderTrender

Freeville, United States

jhealy87

Silver Spring, United States

J

Jyoti

Herndon, United States

C

chrono

Toronto, Canada

chadgibbs

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drstaples

Provo, UT, United States

C

Cohoes

Albany, United States

K

karit

Victoria, Canada

F

FredBetty

San Antonio, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

S

ssj2k4

Broken Arrow, United States

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

L

LukeTenney

Mayfield, Australia

GH

Gav H

Langley, Canada

B

Britteva

Oslo, Norway

M

Moamar

Grand Rapids, United States

Stefano Bordin

Milano, Italy

G

gerd87

Haar, Germany

J

JoeOmundson

Portland, OR, United States

Shamrock

Wicklow, Ireland

VintageCalifornia

San Diego, United States

S

Smelville

Ottawa, Canada

P

pastabox

New York, United States

S

sublibyss

East Lansing, United States

T

texasags

owasso, United States

D

d3witt

Cheyenne, United States

Bobrm2k3

Charleston, United States

Michaias

Athens, United States

M

mgnyc

New York, United States

B

BassClef

Bozeman, United States

I

ianb723

ROCHESTER, United States

R

Rondo911

sherbrooke, Canada

ericacamille

Brooklyn, United States

Richard100

Santa Ana, United States

nmatpt

Lisboa, Portugal

P

prashant

SUNNYVALE, United States

G

gregc

Calgary, Canada

M

MarkGallagher

Glasgow, United Kingdom

Y

Yecats

New York, United States

M

mrsfit

Surrey. BC, Canada

E

ElliottGarlock

Palo Alto, CA, United States

S

Srirachapea

Minneapolis, United States

A

arwaandali

Ottawa, Canada

A

AFGriffith

Woodinville, United States

W

Winniether

Rochester, United States

P

Person70

Siberia, Russia

C

CarolD

Hendersonville, United States

B

Brian

Washington, DC, United States

R

rkilliany

Somerville, United States

W

Walter1

Bergneustadt, Germany

A

acolomitchi

Eynesbury, Australia

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

2

2Samuel22

Clarksville, United States

colochef

Montevideo, Uruguay

I

ificouldfly

Sofia, Bulgaria

J

jasonandvachi

Renton, United States

ashleeandjeanelle

Auckland, New Zealand

K

kilanta

Jyväskylä, Finland

J

jasontoheal

Geraldton, Australia

M

MACH1351CJ

HOMMELVIK, Norway

F

Fintons

Grand Rapids, United States

A

AegeusOceanus

Seattle, United States

B

Britams

Amsterdam, Netherlands

claire.mcleland

Springfield, United States

P

Phoint

Zurich, Switzerland

Peter Marozzi

Kaohsiung, Taiwan

numbat

Perth, Australia

larsandanika

Langen, Germany

G

gertrude

Cumberland, Canada

M

Moonknight

Østre Gausdal, Norway

K

Krish

Dubai, United Arab Emirates

R

ruthieonart

Plano, TX, United States

KBW_Fundation

Winterthur, Switzerland

A

asmoris

Toronto, Canada

TraciV17

Indianapolis, United States

O

olliepalmer

London, United Kingdom

T

TedEBear

Sparks, United States

W

WenShiDi

mobile, China

C

caldw142

Whanganui, New Zealand

S

Sclodfelter

Los Angeles, United States

sbyun

Toronto, Canada

J

Jamesd

Swansea, United Kingdom

F

Fritzimax

Pacific City, United States

Bill2073

Florida, United States

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

C

Colmena

Chicago, United States

B

b_plok

Granada, Spain

C

corvus

Paris, France

kivadoris

Vancouver, Washington, United States

DVM1417

Seaford, United States

J

jocke

Stockholm, United States

J

johanwinnubst

Amsterdam, Netherlands

paulclinton

malaga, Spain

M

MichaelSmith

Dallas, United States

L

LongTallSallymander

Menomonee Falls, United States

S

ScottEastman

Green Bay, United States

VicC2

Richmond, United States

H

hokyplyr

Lincoln, United States

A

anonalender

Hampshire, United Kingdom

S

saraef

Nottingham, United Kingdom

A

AndrewC

London, United Kingdom

G

gradient

KFAR SABA, Israel

R

RickRozemuller

Groningen, Netherlands

I

idakaren

bonlez, Belgium

3

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Beverly HIlls, United States

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

C

Carlos

Barcelona, Spain

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

FriendinOregon

Hillsboro, Oregon, United States

C

Clivoss

Sarajevo, Yugoslavia

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

B

bakedpotato

Middletown, United States

W

wilma95

napa, United States

Inspire

Calgary, Canada

D

danibm

Mannheim, Germany

E

Ekevu

Zürich, Switzerland

M

mart0n

Cambridge, United Kingdom

whiteboyinasia

Batu Ferringhi, Penang, Malaysia

N

NickLuder

London, United Kingdom

A

Alaska

Roscommon, United States

A

Adiuvo

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O

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Ohio, United States

IluvIjah

St. John's, Canada

T

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Singapore, Singapore

R

rebtl

San Francisco, United States

D

doublehelix

Philadelphia, United States

A

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World Peace, United States

M

mjohnson

Austin, United States

Mrdressup

Brisbane, Australia

I

imccool

Amissville, United States

D

Draka

South park, United States

N

nglogic

Warszawa, Poland

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Long Beach, United States

Svetlana3k

Harvard, United States

M

MHarrison

Bristol, United Kingdom

C

christopherttran

Toronto, Canada

J

JacobKate

Brisbane, Australia

JoaoManuel

Santiago Do Escoural, Portugal

somuchjackson

Boston, United States

stroi08

Odense C, Denmark

E

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Cincinnati, United States

S

susurruses

Oakland, United States

M

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Laguna Niguel, United States

Y

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Palo Alto, United States

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Cote Saint-Luc, Canada

A

Andrea

Berlin, Germany

J

jaaron

Auburn, United States

D

doroncoh

Tel Aviv, Israel

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Dallas, United States

C

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The Colony, United States

B

Budgie81

Norwalk, United States

T

Tessa

Lake Mary, United States

J

johneaton

Ludlow, MA, United States

J

jebediahFND

Oslo, Norway

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T

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Northville, United States

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Fort Bragg, United States

G

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Frederick, United States

B

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Cross Plains, United States

H

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South Bend, United States

A

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San Francisco, United States

M

markus61

cologne, Germany

S

samthewill

Winterthur, Switzerland

S

svt19

Toronto, Canada

Q

QPWOEI

Norwich, United Kingdom

S

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116 Taylor Drive, United States

D

daylin

Chicago, IL, United States

M

mibrahim51

Mountain View, United States

E

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New York, United States

R

robertsk

Yuba City, United States

K

ksiebrandt

Omaha, United States

J

JudoGlenn

North Olmsted, United States

M

mueba

Frankfurt, Germany

A

Armeij

Veendam, Netherlands

D

dmartink

Maryland, United States

G

GreenMoney

Lahr, Germany

A

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Alexandria, United States

F

frazier

rock springs, United States

A

Alizar

Toms River, United States

S

SanderBeckers

Brussel, Belgium

A

akshu71

Ottawa, Canada

T

Texikan

Fort Worth, United States

A

AandCfromCanada

Spruce Grove, Canada

D

dj9812

United States

C

cktsai

United States

M

Morgan1301

United States

L

liseman

United States

S

Smadori0

United States

T

TheNJBoys

United States

G

grogzoid

United States

F

Flemings

Perth, United Kingdom

A

analyticsPierce

Denver, United States

OP

Old People

Corona Del Mar, United States

G

goloans

Palo Alto, United States

L

Leechy

Toronto, Canada

T

tomcat14

Brussels, Belgium

K

Kramer91

Kamerik, Netherlands

A

AileenH

United Kingdom

P

Peaches

United States

O

osubucks45

United States

T

Trooperdan

United States

B

bovine

United States

M

Mcohan21

United States

Dreamworks.nl

Den Haag, Netherlands

J

juniormint

United States

D

dcktdjc

United States

J

juliee

United States

S

suraj_sindhia

United States

S

stevemorin

United States

A

adiipienaar

South Africa

V

vkodai

United States

jonnyhj

Stockholm, Sweden

D

diamatta

United States

N

Nijntje

Netherlands

C

CNazira

Melbourne, Australia

Z

zdenek

Czech Republic

G

gclimer

Chattanooga, United States

lauren and jubilee

San Antonio, Texas, Usa, United States

E

emosler

United Kingdom

R

richardbrewster

United Kingdom

B

brianchicago

United States

TeriJ

Athens, GA, United States

J

jayharr

United Kingdom

J

Jcamp94

Gadsden, United States

M

mitchmk84

United States

J

Jrung

United States

R

RosieWatrs

United States

E

emfagan1

United States

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

alrisha11

United States

E

expatri

United States

C

CraigInCo

United States

L

Linda

United States

Q

qeorge

United States

G

GMB2014

United States

O

OzMonkey

Australia

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

belvi

Hoogeveen, Netherlands

T

timnj

United States

J

JonAlec

United States

Grant Xavier Storer

Seattle, Wa, United States

fang

United States

S

samrajbal

United Kingdom

R

reganbrian

United States

M

Marielle

United States

A

aajmp

United States

R

Rajendra

Jamkhed 413201 Maharashtr, India

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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