Expand my fish distribution to include dried fish
Meshack
Nyalenda, Kenya
40% repaid
Entrepreneur
Name
Meshack
Member since
July 2015
On-time repayments
137 installments • 9%
About Me
I am Mesahck Oramisi ,I was born and raised up in kenya ,kisumu Nyalenda Estate. I the fourth born in a family of 9 children,my dad was a fisher man and my mum does fish business.My dad passed on in a boat accident in 2013 when I was at college and so I had to differ my studies as he was the sole bread winner.
I come back home in 2011 and started helping my mother in her fish business so that we could help pay fees for my siblings ,we moved them to affordable schools. I I took a loan from my youth group that I used to buy my first batch of fish .I bought 50kgs $200 and sold it out to hotels ,however my second batch did not sell out and I run into big losses.I did not give up but both 10Kgs and started once again.I now sell fish in Nairobi city market and stock between 100kgs -200kgs daily.
I live in the shows of the great lake Victoria,the major economic activity is fishing,people here are kind and loving ,we always welcome visitors.
I like watching soccer,and hanging out with friends during my free time.
My Business
I sell fresh fish to my clients both in kisumu and nairobi. my clients include hotels and individuals.I use ice to preserve my fish so that they get to the customers in fresh condition.
The demand for fish is high because most people prefer white meat to read meat as a source of proteins.
I grew up in a fish environment,loved what my parents were doing and so i find it easily to fit in their shoes.
I spend $300 on daily basis sell the fish at $ 315-$320 .I make about $15 daily. I use my revenues to pay fees for my siblings and pay for my own fees.
Loan Proposal
Hello lenders.Thank you for the first loan. I am requesting to borrow $200 so that I can expand my business to include smoked fish, the fish are very profitable and Iwill add my revenues significantly. i would use to buy 100kg of dried fish. Thank you in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$191.00
Date disbursed
Sep 16, 2015
Repayment status
Late
Projected term
30 months
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