Fish farming

Entrepreneur

About Me

I'm a Kenyan Male. Currently teaching Biology and Agriculture at Bygrace high school in Kibiko Ngong. Bygrace School is mainly for students from Bygrace Children's home here in Ngong. I'm so inspired to use my agricultural skills to address the climate change especially in Kenya and Africa so as to address the food insecurity which is common in this region. I'm honest and Hard working with specific interest to train young people in practical agriculture where they can be able to generate food for the themselves and the country.

My Business

Since there has been a problem of raising food to meet the demand of the children in Bygrace children's home where I teach, I'm venturing into Aquaculture (Rearing of Fish in ponds.) Our school has a bore hole and large track of Land, Fish is a very good source of protein. Fish farming has a large market here since it is not done by many people due to it high clean water demand! Through this project we'll be able to supply fish to the market and make protein available to the locals at a fordable rates but still make profit for ourselves to support children in Bygrace children's Home.
My agriculture students and myself have dug an earth pond of 8,000 fingerlings capacity. We are through with the idea stage of this business and already identified the fisheries department in Sagana-Kenya that will supply us with good fingerlings.
The fingerlings cost Kenya Shillings (Ksh.10) and will be reared for 6 months after which one will be sold at Ksh. 250. Their feeding and maintenance throughout the 6 months period is cheaper since we'll be using local feeds. This will leave us with huge profit margin to expand the business and meet the food need here at Bygrace Children's Home.
We need 2,000 fingerlings at Ksh. 10,000 = Ksh. 20,000
Fish Feeds Ksh. 10,000 (will be supplemented local feeds)
After 6 months each Fish will be sold at Ksh. 250 x 2,000-Ksh. 500000
giving us a profit of 50000- 70,000 = Ksh 430,000.
60% of the profit will go back to the business to dig and stock 2 more ponds of 5,000 fingerlings capacity. the 40% profit will be used to meet the education needs of the students and children at Bygrace Children's home.

Loan Proposal

Use the loan to purchase more fingerlings for my fish farming business. My fish farming business has grow over a short period of time!
For me to grow this business even further, I request for another loan to purchase fingerlings for my fish farming business to grow.

Feedback

Loan Info

Lenders