Omena fish stock boost

Martin Amolo

Kitengela, Kenya

Funds disbursed

$0 to go

100% funded of $34 goal

0

days left

Entrepreneur

Name

Martin Amolo

Member since

December 2017

On-time repayments

11 installments  •  64%

About Me

My name is Martin Amolo a second born in a family of eight.I am a Kenyan national born and raised in Nyanza province in the lake Victoria region.I am a teacher by profession but currently doing business as an upcoming enteprenuer in Kitengela Kajiado county.My objective is to make use of every God-given opportunity to succeed in my area of strength.I am married to one wife and commited in church activity as a musician.

My Business

My business derives its income source from sales directly from people in surrounding locality especially food vendors.Most of them make orders almost daily in a week.For the purpose of details:
One sack of Omena fish costs $170 wholesale price and my goal is to have 2 sacks for distribution every week.My target is to have capital of $680 to maintain a constant supply for a whole month.
This may fetch a profit of $100 per sack after sales.Thanks in advance for your support.

Loan Proposal

The amount of loan will be used to purchase 2 basins of Omena fish.Each basin costs $17.The extra amount will be used as transport to facilitate me from their delivery point.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$34.00

Date disbursed

Mar 17, 2018

Repayment status

Late

Projected term

4 weeks

Lenders

Jamal Hamou

Cascadia, Canada

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  • Samuel    May 29, 2018

    Spoke with him and he is going to start paying soon

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  • Samuel    Apr 12, 2018

    Hi lenders, spoke to Martin and he promised to pay soon

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  • Martin Amolo    Mar 17, 2018

    Thanks Jamal for the loan amount.This will help me add stock for fish which is mostly bought by vendors and a few direct consumers.
    The loan will make me get profit to enable me expand my business and facilitating mobility by fueling motor bike that I use in reaching out my customers.
    I do appreciate for the gesture of the loan amount which will assist me in realizing my dream.Thanks amd may God bless you.

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    • Jamal Hamou    Mar 23, 2018

      Wonderful Martin. Thank you for the update. I wish you the best on your projects. Bless you.

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  • Martin Amolo    Mar 14, 2018

    Hi the last loan I applied for helped me to purchase one basin of Omena fish in addition to some other money I supplemented with.One basin costs $17 so I added $7 to meet the cost of acquiring one.

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  • Martin Amolo    Feb 27, 2018

    Thanks once again.Today I have received my loan of Kshs 950.I am grateful to my sponsor.

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  • Martin Amolo    Feb 26, 2018

    Thanks alot for your support.

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  • Roman    Feb 26, 2018

    Good luck!

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  • Martin Amolo    Feb 5, 2018

    Hi,
    I am excited and satisfied after having cleared my past loan.So far I am progressing well with increase in customer base and sales.I am looking forward to receiving my next loan from our great sponsors.
    Thanks and hope for the best,
    Martin.

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  • Martin Amolo    Jan 31, 2018

    Hi,
    Thanks I have managed to clear my loan in the past four weeks.The funding helped me increase my stock and must appreciate weekly profit increase.More fish vendors prefer my supply.With more constant supply I will be ready meet the market demand.Thanks once again in advance for your great support.

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  • Martin Amolo    Jan 12, 2018

    Hi,
    I am grateful for the past one week I have managed to purchase one extra basin of fish which will help me fetch $10 profit after sales.I am hoping to manage to repay my loan soonest so as to re-apply for another one to enable me boost my fish stocks.I am excited because of new customers I keep getting weekly.This is expected to grow with potential to generate more profits.Thanks so much for your assistance to he;p me realize my dreams.
    Yours faithfully,
    Martin.

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  • Martin Amolo    Jan 3, 2018

    Hi,
    I want to acknowledge that I received the loan and is currently put in the right use to boost my fish purchase stock.Thanks and I am looking forward to grow the business from such a humble beginning.

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  • David Walshe    Dec 30, 2017

    Good Luck Martin.

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    • Martin Amolo    Dec 30, 2017

      David I am very grateful at the gesture of support.I am confident that the fund will be put in the right use for the growth of my business.I am looking forward to give you periodic updates of my progress.Thank you.

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  • Martin Amolo    Dec 20, 2017

    Hi,
    I received my loan a week ago and made my first payment instalment today.I am impressed by progress as I reorganise my business supply forward.

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