Purchase packing material for my fish supply
Oduor
Ugenya, Kenya
100% repaid
Entrepreneur
Name
Oduor
Member since
January 2018
On-time repayments
20 installments • 50%
About Me
iam a young man born in a family of 4 .iam the first born in our family .my mum is a primary school teacher .i have faced a lot of challenges after my mum and dad separated in marriage while i was still very young.my mother has suffered to educate us.iam now 24 years of age. i have studied upto university level but ..did not manage to get a job i graguated from maseno university with absc degree in social science but have not got a job.i decided to begin a small business in fishing industry which my mum gave me capital to support my siblin gs who are in school since my mums salary can not support all the needs of the family.
My Business
My business deals with fish .my home is near kisumu county which has lake victoria.i therefore go to kisumu 3 times in a .week to buy fish in whole sale.Ithen transport the fish to the different towns bordering kisumu like kericho and kakamega.i sell to vendors who then retail the fish after deepfrying them in oil.I buy the fish @50ksh per piece which is 0.5dollar i purchase 1000 pieces per session at 5000ksh which is 50 dollars and i purchase 3 times in a week .i use 15000ksh which is 150 dollars and sell @piece at 100ksh one dollar hence 300 dollars in a week in amonth i make 60000 ksh which is 600 dollars after deductions i remain with a profit of 450 dollars which i use to support buy food fees for my siblings
Loan Proposal
I will purchase packing bags for my fish .this will enable me carry more fish from the lake .one bag costs 500kes which is 50dollsrs I will buy 6 bags this will help me to pack more fish since my packing bags had worn out.this will improve my profit margin
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Loan Info
Project Type
Classic Loan
Disbursed amount
$33.00
Date disbursed
Feb 22, 2018
Repayment status
On Time
Projected term
2 months
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