Entrepreneur
Name
Anne
Member since
August 2017
On-time repayments
29 installments • 100%
About Me
My name is Anne Eboi. I used to work but lost my job and jobs have become difficult to find these days. After applying many times with no success I have realized I can make it in farming because I have a passion for it and I also grew up on a farm. I also have an interest in fish business. My sister lives on the shores of Lake Victoria and usually sends me a few but I have been thinking of getting more for business.
I have always had an entrepreneurial spirit. There was a time I was teaching in a school but earning very little. I could not make ends meet. I had to think outside the box and this made me buy bedsheets from street vendors and re-sell them to colleagues. I would also do home tuition for children. For me, life is a struggle, but I have a positive mind. Despite the struggles, I have never slept hungry or defaulted on my rent. After struggling with jobs which hardly pay well, I have decided entrepreneurship is what will get me financial stability.However, due to lack of finances, my ideas are not tested.
My Business
At the moment I get traditional green vegetables from people's farms and the market and sell directly to clients. I also have an eighth of an acre in Kajiado County where I grow onions which I sell.In Kenya, food is ever on demand. I spend roughly 20,000 ksh to cultivate the crop and if the market is good, I get profits of the same amount after three months. I use the profits for upkeep which includes basic needs and school. My future plans include mixed farming where I will keep dairy cows, poultry and do vegetable farming. So I need loans to slowly begin developing the farm.
Recently, I learned of a new business of selling fish to a selected clientele. The fish is delivered from the market and I prepare it to sell in the evening. I have tried it but realize I need more capital. It pays better and will definitely boost my farming activities. At the moment, I buy a kilo of fish at ksh 400. I usually buy 3 kilos at 1200ksh. Transport costs, oil for frying, charcoal, and packaging cost me a further 500ksh. I usually make 3,000ksh thus leaving me with a profit of 1300ksh. I only do the fish business on Saturday for lack of funds to do it daily. This is because I sell to my trusted friends, neighbors and relatives who may take up to two weeks to pay me. My challenge right now is to find space in Kitengela town and more capital to enable me do it on a daily basis. In addition, if I get capital, I may get it directly from the lake at a cheaper cost because I have a sister who resides there. I wish to diversify because my onion farming is not labor intensive given that mine is really small scale(I have a lot of free time and fish is only sold in the evenings), and the returns are also insufficient.
Loan Proposal
Since I started selling fish, I have seen an increase in revenue. I need a boost in capital to increase my stock because people have started requesting that I deliver to their homes and offices. Thus I will need extra money to pay the hired help. If given the $400, I'm sure I will make a profit of not less than $100 in total.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$51.00
Date disbursed
Mar 15, 2018
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
North Carolina, United States
Glen Spey, United States
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Israel
Rotterdam, Netherlands
Barcelona, Spain
United States
Antwerpen, Belgium
Germany
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