Mending my fish gear

Entrepreneur

About Me

I am a Kenyan female born in 1974 at Dol village, Kodera Sub Location, Oyugis ward, Rachuonyo Constituency, Homa Bay County. I went to Ogandi Girls High school, thereafter; I started fish trading business, am dealing specifically in small fish (Omena) I have been in this business for the last twenty one years. Am married with three children both in school. I live in Uhanya beach with my family as this is where I do my business. This is a beach situated on the Western region of Kisumu and borders Uganda. It is within Lake Victoria shores and the main economic activity is fishing and fish trading.

My Business

As I stated above I joined business immediately after my high school. Currently I have four boats specifically for Omena. One complete fishing vessel requires a five seater boat, fishing gear 500metres, 5 anchors lights and 15horsepower outboard machine this costs around $3,015. I own four of these vessels which translate to $12,060. On an average I get income of $116, and then I pay some expenses as labor, kerosene for lighting the anchors and beach revenue $70 thereby getting a net profit of $46
I use the money in maintaining the business as the fishing gear and boat needs repair often, paying school fee and family upkeep.
We experience many challenges as the fishing gears needs frequent upgrading; the anchors sometimes are taken away by strong wind so requires immediate replacement.

Loan Proposal

hello lenders part of my fishing gear is worn out therefore need repair. I want to replace the worn out part with new one which will cost Ksh. 17,200. The worn out parts have demoralized my fishermen to an extent they rarely go fishing as some fish often escape through the porous holes. therefore after the repair i will embark on serious fishing work and will eventually get good returns. Thank you.

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