Purchase of fish feeds and crates for my fish

Linnet

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Linnet

Member since

June 2017

On-time repayments

50 installments  •  78%

About Me

Attended Cambridge secretarial college, worked as secretary , from my meagre earnings went to college to get professional certificates, got a better job. Saved and bought land, sold land and got profit and started business with the profit. We have a lake the biggest fresh water lake in Africa. my son would like to be a Lawyer when he grows up and my daughter an entrepreneur. my unique hobby is Adventure,

My Business

i do fish farming in lake victoria . This is quite an interesting business with high returns but high risks involved , i have been doing this for the last three months and hope to get a good yield at the end of the the season. fish take about 8 months to maturity.
i chose this business because there is a deficit of fish production in lake victoria the number of fish in the lake cannot sustain our population there is high demand of fish since people are now health conscious and believe that white meat is good for their health.
typical costs include the fish feeds, labour and maintainance
i intend to use the profit for paying start up costs and also to for re investment

Loan Proposal

principal amount 120 USD
CRATES @ 10 USD REQUIRED 5 CRATES TOTAL 50 USD
FEEDS (FINISHER) 3 BAGES @ 20USD TOTAL 60 USD
TRANSPORT @10 USD
The amount received will enable me buy 3 bags of Sigma Finisher feeds and also buy crates which i will use when harvesting my fish from the cages.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$123.00

Date disbursed

Nov 16, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

John Minges

United States

A

Anonymous

United States

Ask Linnet a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...