Expansion of my fish farming business

Carolyne Musyoki

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Carolyne Musyoki

Member since

July 2014

On-time repayments

318 installments  •  50%

About Me

Hi lenders.
I am Carolyne Musyoki a Kenyan citizen by birth. I am 36 years old. I have been raised up in a big family of 13 children. My parents have been doing small scale farming till now and they were able to educate us to different levels.
I have gone through primary education all through to university level and I have a bachelor's degree in Agricultural economics and resource management and a master's degree in Fisheries resource management.
I have been applying for jobs and have not gotten a chance yet so I have been doing business for sometime now. My first business was selling cosmetics and beauty products and have also reared chicken and fish. Currently I am involved in Supplies business were I have a company which is registered. The supplies business is good for me but I have been facing challenges like lack of good capital and delays in payment. My major goal and dream is to see my company grow big to be an international company which will give job opportunities to young people who are jobless. I would also love to see myself being able to sufficiently provide for my family, my parents and give back to the society.

My Business

I have had several businesses but now I am doing general supplies were I have a company registered and in the special group category of youth. My company is 4 years old and it has been growing slowly due lack of capital. The products which I deal with include:
General office stationary
Fresh vegetables.
Cereals.
Electronics.
Hardware materials
Printing services.
I do not have a place to stock either of the product I supply but I source them from wholesalers when I get the orders. I love doing this business more than any other I have done in the past because I see a bright future through it for myself and others. At the moment I have gotten tenders to supply vegetables and stationary materials and the lack of enough capital has been a major challenge. I am sure that if I get financing I will be able to do more for myself and others who are in need.

Loan Proposal

I will increase the number of fish ponds from three to five, i also want to create employment opportunity to several people so that we can work together in running the activities of the business. I also intend to buy a new computer which will help me in record keeping and also in training the the other farmers. I will use the money to grow the practice of hydroponics and aquaponics which i have just started in my farm. I also be able to train the other farmers of the same practices which is so economical as it helps reduce the cost of production. The loan will help me execute my plans for the growth of the business and through that i will be able to earn more and take care of my expenses. I will remain trust worth and repay the loan without fail. Thank you in advance. Best regards Carolyne.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$324.49

Date disbursed

Jan 16, 2015

Repayment status

On Time

Projected term

61 months

Cost to entrepreneur

Lender interest: $324.49 at 4.48% annual rate over 61 months = $73.61

Service fee: $60.49

Lenders

M

marycb

United States

C

Colesmiths

Sevenoaks, United Kingdom

Anto82

Eraclea, Italy

stanbogdanov

Sofia, Bulgaria

S

stevemorin

United States

T

tengbao

United States

L

lfender6445

United States

V

vkodai

United States

A

alazybum

Australia

G

GreenTomato

United States

jonnyhj

Stockholm, Sweden

meryn

The Hague, Netherlands

Paul Buchheit

Mountain View, United States

M

Mal57

Australia

C

CNazira

Melbourne, Australia

Z

zdenek

Czech Republic

E

Eleorest

United States

G

gclimer

Chattanooga, United States

J

jenda

Czech Republic

R

Russell81

United States

K

kvillantz18

United States

T

tomspalla

United States

B

bvirlet

United States

L

Lender59

United States

E

emosler

United Kingdom

J

jackdupee

United States

A

ATMiller

United States

R

richardbrewster

United Kingdom

B

brianchicago

United States

J

Jcamp94

Gadsden, United States

E

eliastheroux

United States

M

mitchmk84

United States

AltruismUSA

Los Angeles, Ca, United States

L

Lallarahiq

United States

B

BarbG

United States

E

EKuras

United States

R

RosieWatrs

United States

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