Nicholas
Homabay, Kenya
$0 to go
100% funded of $95 goal
0
days left
Name
Nicholas
Member since
June 2020
On-time repayments
6 installments • 50%
I am Nicholas Nyona I come from Homabay county I ventured in fishing industry two years go where I used to hire fishing materials from other people and employed 4 people who we do fishing and sell fish daily. I saved the money that I was getting from the business and now I have one boat and a 15hp engine and fishing materials and I have employed 8 people. I want to expand my business and I want purchase a boat and a 15h engine the coast of the engine is Ksh.140000 and a new boat cost Ksh 120000 so I want to raise Ksh.260000 this will increase my income to Ksh. 80000 monthly after the expenses and I will employ additional people.
The source of income of my business is selling the fish after fishing. Daily before expenses we sell fish worth over Kshs 10000 daily and during good season we even sell fish worth Kshs.30000 daily before subtracting expenses.
Am in the process of expanding my business my target is to add another boat and engine right now am purchasing fishing materials in readiness of the new boat if I get this money I will purchase new fishing nets and I will also purchase life saving jackets.
My business is still going on we still do fishing and sell fish daily as we observe the guidelines outlined by the government to stop spread of covid 19
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Jul 2, 2020
Repayment status
Late
Projected term
3 weeks
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