Entrepreneur
Name
Nicholas
Member since
June 2020
On-time repayments
6 installments • 50%
About Me
I am Nicholas Nyona I come from Homabay county I ventured in fishing industry two years go where I used to hire fishing materials from other people and employed 4 people who we do fishing and sell fish daily. I saved the money that I was getting from the business and now I have one boat and a 15hp engine and fishing materials and I have employed 8 people. I want to expand my business and I want purchase a boat and a 15h engine the coast of the engine is Ksh.140000 and a new boat cost Ksh 120000 so I want to raise Ksh.260000 this will increase my income to Ksh. 80000 monthly after the expenses and I will employ additional people.
My Business
The source of income of my business is selling the fish after fishing. Daily before expenses we sell fish worth over Kshs 10000 daily and during good season we even sell fish worth Kshs.30000 daily before subtracting expenses.
Loan Proposal
I am currently working on purchasing new fishing materials to expand my business I want to purchase a new boat and engine so if I get the money I will purchase a new fishing net
Income Source
My business is still going on we still go fish and sell fish daily and we work with the guidelines that have been outlined by the government to stop the spread of the virus.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$34.00
Date disbursed
Jun 24, 2020
Repayment status
On Time
Projected term
2 weeks
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