Loan to buy a bait net

Entrepreneur

About Me

I was born in the outskirts of the lake Nakuru where i was also raised. I did not go far with my education like other children in the area. The reason to that is i was the only child born to my parents. My father was a fisherman and my mother just stayed at home she did not work. We lived with the little money that my father used to get from fishing and that is the same cash that took me to school. My father then got ill when i was in my final year of primary education and i had to drop out of school to help my mother take care of him. I did not even do my final exams. We needed money for his hospital bills and food for our family, so i got myself into fishing. I had learnt how to fish when i was younger during my school holidays because i used to follow my father to the lake and he could show me how to fish. I got good at fishing and i made money which we used all of it to pay for hospital, buy drugs and buy food for the three of us. After one year, he succumbed to his illness. I had to continue taking care of my mother and myself so i gave up my hopes of ever going back to school and dedicated all my time to fishing. Ever since then i have dedicated my life to being the best fisherman. I always want to be the best in whatever i do. I want to do things differently than others and be outstanding. In our culture, a man is only respected if he has land, cattle and property. I am working very hard so that i can uphold my family name and earn respect from everybody.

My Business

In fish farming, we offer food rich in protein, that is fish. Fish is a very nutritious food. We sell them in any form that a client wants. For example raw fish or cooked. it can either be deep fried, stewed or roasted. Fish is a product that is very useful to people because it is a source of food. There are also no proven health hazards caused by consuming fish. Fish is well known for aiding in the development of a healthy brain in a baby. We supply fish to several markets outside Nakuru town. I chose this kind of business because it is the main economic activity in our community. it is also the main source of food there. Also because the young boys there grow up learning how to fish and when they are grown ups, it is the nearest and easiest source of money. Another reason why i chose this business of fishing is because i needed money urgently and because of my low levels of education it was so obvious that no one could accept me as an employee in their businesses, so i had no other choice than to do what my father did best. The income in this kind of business is fluctuating depending with the number of tourists around. The tourist number is very high towards the end of the year than at the beginning. when the number of tourists is low, we sell about 20 fish in a day each worth 2 us dollars. when the numbers are high, we sell about 40 fish in a day. I use the money to buy the fish bait, buy food for my mother and i, take care of the basic house needs and i save some for the intention of build a small restaurant for my mother around the area so that she can sell the fish that i harvest and get money for herself.

Loan Proposal

My second loan will go into buying a bait net for my fish farming, a good net cost around 1500 ksh and ones i receive the 500 ksh, i will top it ip with 1000 ksh from my savings.
I will benefit from the net bait because it will help me get extra cash from the business. I will increase the level of my harvest.
I believe with the help of the new bait, i can increase my profits by 50%

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