Loan to buy fish for selling at a good price

Emily Adhiambo

Mbita Township, Kenya

100% repaid

Entrepreneur

Name

Emily Adhiambo

Member since

March 2015

On-time repayments

31 installments  •  45%

About Me

I am 26 years old, married with two children.I am a business lady and owner of Emmy Fresh Fruits at Sienga Market. I finished high school with a D + and could not join college due to lack of finances. I worked in the informal sector selling milk, mandazi, chapati, rice, tea to people for one year so that I can get money to make a living. I was able to save funds to start my new business.I gained a lot of courage because I knew this will help me a lot to earn a living as I take care of my family.

My Rusinga Island community has unique features as we enjoy fresh air from the Lake Victoria that we live on the shores and also we get more fun as we take a walk on Ligongo hills. My children one would like to be a teacher while the other would like to be a nurse when they grow up.

During my free time I love watching movies, reading story books and playing ball games with my children. I also read magazines, newspapers, business documentaries.I have come from very far, from one time being employed as an househelp. After the death of my parents, my grandmother was the one who took care of me and took me to school and she made me what I am now.

My Business

My business is of selling all types of fish i.e. omena, tilapia, nile perch etc.There is high demand for fish in my area because a lot of people like eating fish than buying meat which is quite expensive than fish. With the income from my business I am able to pay fees for my children in school and I also plant maize and beans which helps me a lot in meeting family food needs. The fish I sell especially the powder and dust I use to give to my chicken as they are good and have nutrients.I have kept local chicken as they are resistant to many diseases as compared to the hybrid ones.

Loan Proposal

Its my sincere appeal to lenders to consider my loan application because am in need of money to expand my business and a friend introduced me to Zidisha. With the loan of US$ 100, I will be able to buy more fish and sell at fairly good price, enabling me to make about 30% profit. The profit I will use to re-pay the loan and meet my household needs.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.53

Date disbursed

Apr 7, 2015

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Service fee: $3.75

Emily opted to pay $75.14 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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Lenders

fransk

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WiscoHorndog

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