Building new boat for fishing business
Melda
Uhanya Beach Bondo, Kenya
100% repaid
Entrepreneur
Name
Melda
Member since
March 2014
On-time repayments
131 installments • 18%
About Me
I am a Kenyan female born in 1974 at Dol village, Kodera Sub Location, Oyugis ward, Rachuonyo Constituency, Homa Bay County. I went to Ogandi Girls High school, thereafter; I started fish trading business, am dealing specifically in small fish (Omena) I have been in this business for the last twenty one years. Am married with three children both in school. I live in Uhanya beach with my family as this is where I do my business. This is a beach situated on the Western region of Kisumu and borders Uganda. It is within Lake Victoria shores and the main economic activity is fishing and fish trading.
My Business
As I stated above I joined business immediately after my high school. Currently I have four boats specifically for Omena. One complete fishing vessel requires a five seater boat, fishing gear 500metres, 5 anchors lights and 15horsepower outboard machine this costs around $3,015. I own four of these vessels which translate to $12,060. On an average I get income of $116, and then I pay some expenses as labor, kerosene for lighting the anchors and beach revenue $70 thereby getting a net profit of $46
I use the money in maintaining the business as the fishing gear and boat needs repair often, paying school fee and family upkeep.
We experience many challenges as the fishing gears needs frequent upgrading; the anchors sometimes are taken away by strong wind so requires immediate replacement.
Loan Proposal
First, may i thank you for the support yo gave me. I want to build a new fishing vessel (boat) as one of my boats is worn out. the new boat will increase my daily catch as well as enhancing the safety of my fishermen who will able to go into deep waters where large amount of fish is found. I had purchased some materials for the same and your support will boost me a lot in accomplishing this project. The total cost for a new boat is $ 1046. With a new boat and fishing gears which i bought using the previous loan my income will increase tremendously.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$143.00
Date disbursed
Mar 2, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
Nepean, Canada
Switzerland
United States
Summary
Amount repaid
$148.29
Amount remaining
$0.00
Date repaid
Jul 17, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 15, 2015 | $4.35 | Mar 12, 2015 | $4.35 |
| Mar 22, 2015 | $4.35 | Mar 12, 2015 | $0.04 |
| Mar 19, 2015 | $4.31 | ||
| Mar 29, 2015 | $4.35 | Mar 19, 2015 | $0.09 |
| Mar 26, 2015 | $4.26 | ||
| Apr 5, 2015 | $4.35 | Mar 26, 2015 | $0.13 |
| Apr 3, 2015 | $4.22 | ||
| Apr 12, 2015 | $4.35 | Apr 3, 2015 | $0.18 |
| Apr 11, 2015 | $4.18 | ||
| Apr 19, 2015 | $4.35 | Apr 11, 2015 | $0.22 |
| Apr 22, 2015 | $4.13 | ||
| Apr 26, 2015 | $4.35 | Apr 22, 2015 | $0.26 |
| May 6, 2015 | $4.09 | ||
| May 3, 2015 | $4.35 | May 6, 2015 | $2.51 |
| May 15, 2015 | $1.85 | ||
| May 10, 2015 | $4.35 | May 15, 2015 | $4.35 |
| May 17, 2015 | $4.35 | May 15, 2015 | $3.69 |
| Jun 10, 2015 | $0.66 | ||
| May 24, 2015 | $4.35 | Jun 10, 2015 | $3.74 |
| Jun 18, 2015 | $0.62 | ||
| May 31, 2015 | $4.35 | Jun 18, 2015 | $4.35 |
| Jun 7, 2015 | $4.35 | Jun 18, 2015 | $1.63 |
| Jul 3, 2015 | $2.73 | ||
| Jun 14, 2015 | $4.35 | Jul 3, 2015 | $1.67 |
| Jul 22, 2015 | $2.68 | ||
| Jun 21, 2015 | $4.35 | Jul 22, 2015 | $4.35 |
| Jun 28, 2015 | $4.35 | Jul 22, 2015 | $1.76 |
| Jul 23, 2015 | $2.59 | ||
| Jul 5, 2015 | $4.35 | Jul 23, 2015 | $1.80 |
| Aug 2, 2015 | $2.55 | ||
| Jul 12, 2015 | $4.35 | Aug 2, 2015 | $1.85 |
| Aug 12, 2015 | $2.51 | ||
| Jul 19, 2015 | $4.35 | Aug 12, 2015 | $1.89 |
| Aug 30, 2015 | $2.46 | ||
| Jul 26, 2015 | $4.35 | Aug 30, 2015 | $1.93 |
| Sep 2, 2015 | $2.42 | ||
| Aug 2, 2015 | $4.35 | Sep 2, 2015 | $0.88 |
| Sep 25, 2015 | $3.47 | ||
| Aug 9, 2015 | $4.35 | Sep 25, 2015 | $4.35 |
| Aug 16, 2015 | $4.35 | Sep 25, 2015 | $3.16 |
| Oct 7, 2015 | $1.19 | ||
| Aug 23, 2015 | $4.35 | Oct 7, 2015 | $3.21 |
| Oct 21, 2015 | $1.14 | ||
| Aug 30, 2015 | $4.35 | Oct 21, 2015 | $4.35 |
| Sep 6, 2015 | $4.35 | Oct 21, 2015 | $4.35 |
| Sep 13, 2015 | $4.35 | Oct 21, 2015 | $1.14 |
| Nov 8, 2015 | $3.21 | ||
| Sep 20, 2015 | $4.35 | Nov 8, 2015 | $4.35 |
| Sep 27, 2015 | $4.35 | Nov 8, 2015 | $1.23 |
| Dec 13, 2015 | $3.12 | ||
| Oct 4, 2015 | $4.35 | Dec 13, 2015 | $4.35 |
| Oct 11, 2015 | $4.35 | Dec 13, 2015 | $1.32 |
| Jul 17, 2016 | $3.03 | ||
| Oct 18, 2015 | $4.35 | Jul 17, 2016 | $4.35 |
| Oct 25, 2015 | $4.35 | Jul 17, 2016 | $4.35 |
| Nov 1, 2015 | $4.68 | Jul 17, 2016 | $4.68 |
Ask Melda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.