Fish and maize farming project

Entrepreneur

About Me

Am the 6th born in our family of 7,4 Boys and 3 girls. Both my parents are a live, Mr and Mrs Elam Muhalule. My dad is a large scale farmer of both maize and cattle keeping in Mautuma location. My elder brother Gerishom Kweya is a farmer of sugar can,maize and zero grazing cows,he is married with 3 children. The second born is a girl Janet Kutindi,she is married in Butere Mumias district to a high school teacher with 2 boys,she is a business laddy. The 3ird born is a boy Japheth Muhalule he is single,he is a business man witha pork butchery also he keeps pigs as a farmer at home compound. The 4th is a girl Prischa Muhalule,she is a P1 teacher,teaching in Nairobi,she is still single. The 5th John Muhalule is a police officer in administration department,he works in Makueni county,konza city. Am the 6th born. The 7th born is a girl Agnes Muhalul she is also a P1 teacher,teaching in Nairobi,she is doing degree in Kisii university Kitale. I finished my primary education at Mukuyu in 2002 then I joined Kigama high school in form one up to form two then was I transferred to Bulondo secondary school in Bungoma county. After my 4th form I joined a college in 2009 at skybrighters in Nairobi where I did my I.C.T. After that I decided to start my business. I have managed to own several business through God. Am a maize farmer,this year I have planted 7 acres of land. I have a car that is doing taxi in Kitale town. Too I have a fish pond 300 m squared,I wish to expand this fish because fish demand is very high on the market therefor making profit. During my free time I like watching movies,also I like spending my time on net goggling and chatting with friends.

My Business

I have three business that am dealing with current. The 1st one is maize farming. This year I have planted 7 acres of land,according to farm inputs that I used I expect almost 80 bags of maize at the end of this year,at a cost of 1539 US Dollars,I decided to do this type of business because people in my village needs a lot of maize due to population increase. Risk is if rain fall this year will b low,another one is when maize is ready people come at night to steal. The 2nd is car for hire,customers come to hire my car when i need.the car is operating in Kitale town,at the end of the month from the collection of everyday I get 353 US Dollars to 470 US Dollars where after deductions I remain with 118 US Dollars Risk is when the car brakes at emergency and also some times the driver may fail to give out all the money he collected for the day. The 3rd is fish farming,my fish pond carries between 1000 and 1500 fish. I buy 1000 fingerlings at 110 US Dollars,I feed them with both artificial and natural food,I buy floating pellets at 1200/= per bag and they eat 12 bags for that duration of 8 month,a person who feeds them I pay him 12 US Dollars per month. When harvest time comes I sell each fish between 0.6 to 1.176 US Dollars . I wish to expand in this project because it more profitable and demand for white meat is increasing rapidly. Risk is that snakes and birds come eat fish when somebody is not around. Another general problem is that I have a problem with record keeping therefor I need to buy a computer.

Loan Proposal

My loan proposal is approved I will buy a computer.because I have a problem in record keeping,sometimes I get it hard to calculate profit because some receipt get misplaced but now am happy because I know am going to improve on this,too I need to be updated on current discoveries a bout fish and maize or if there is any kind of disease by goggling through the computer because current I go to cyber almost every day.the computer I want to buy is around 294.1176 US Dollars but for now I have164.706 US Dollars at hand. Therefore if I get this loan I will have it easy to keep my record and calculate it at the end or at harvest time and after paying back I will apply another one to expand my fish farming because its more profitable according to my records with other business.

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