Purchasing new fishing gears

Entrepreneur

About Me

I am Antony Omore Odero, I was born in 1978 at Osieko Village in Budalangi Constituency of Siaya county in the republic of Kenya. I did my primary education in mid 90,s thereafter engaged in fishing business. I am married with three children and all going to school. M y home village borders Uganda and the main economic activity is fishing among Lake Victoria. Currently i live in an Island in Lake Victoria approximately 150km from Kisumu.I have been living in this island ever since I was a child as i also went to school in the same place. Here we commute to the mainland using our boats or through transport system by Mv Ringiti. A modern ferry plying this route on daily basis.

My Business

I joined fishing industry as a young person immediately after my primary education, I was working hard because I knew my future life depended on fishing as I did have good education back ground. After working for seven years for different people I used my savings to purchase my own fishing boat and fishing gears. I started with one boat but currently I own two boats both fully operational. One boat fully operational costs $ 1218. I deal with catching Nile perch and it also has some challenges.
The major challenges include bad weather, pirates, inadequate finances and frequent weary of fishing gears. These boats require repairs to make good for fishing and it is often costly. I want buy new fishing nets which will cost $ 470 for a single boat because I cannot replace the nets at once for both boats. This is where I need Zidisha to support me.
In average I earn weekly income of $105, and then I pay workers and other expenses with $72.5. I then remain with $32.5; I use part of this to pay for my children school fee and family upkeep.

Loan Proposal

Hello being a fisherman, my business revolves around fishing. I have managed to buy a new fishing vessel (boat) and now I want to equip it with new fishing gears (10pcs) each (10 x 4) metres, Floaters (45pcs) and other fixing materials. The total cost for the fishing gear is Ksh. 54,000.00. I therefore place my loan proposal for consideration as this is the breeding season of my targeted species. I will improve my finances hence creating employment to six people who will be alternating in this new vessel once it is fully equipped. I will make substantial savings as I am focusing in buying an engine out-board in the near future which will expand my fishing territory to deep waters with very good yield.

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