Buying freezer to preserve fish and fish maws

Entrepreneur

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

Thank very much Zidisha and the lenders for your continued support. The first loan I got was a milestone in my business of selling Dry Fish maws, Fish maws is product got from the nile perch fish(swim bladder). This is a delicacy for Chinese people and also used as a raw material for manafuctering of pharmaceuticals and cosmetics. We mainly supply the export of china through middle men. The business of dry fish maws involves the buying from the common man and selling to the middle men thus creating a source of income at the grass roots. But dry fish maws isn’t as profitable as dealing with fresh Fish Maws because it involves a lot of time and work since you have to move door to door collecting and later drying it while Fresh maws involves buying of fish yourself and extracting the maws and selling both the maws and flesh at a profit hence my desire to deal in fresh maws since it gives triple profit.
My employees are very helpful, and we embarked on our new start about one month ago and the results are promising but my challenge is the preservation of the fresh fish , also fresh maws which has to travel miles and miles to Uganda a neighboring country where most Chinese buyers are. That’s why am requesting for this loan in order to buy a medium sized Freezer that will help preserve my products given fish is highly perishable. The cost of the freezer is $ 402.30 and $50 is going to pay my employees commission for finding a cheap source of fish, and $30 dollars will pay for the electricity bill.

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