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
USD 60 will be sufficient to procure 3 bags of sigma fish feeds which costs USD 20 per bag, an additional cost of USD 2 will be used for transportation of the feeds from the store to the fish farm
increased fish feeds is important since it will increase in size hence fetch more money when selling
profit may increase by upto 80%
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Loan Info
Project Type
Classic Loan
Disbursed amount
$61.00
Date disbursed
Sep 5, 2017
Repayment status
On Time
Projected term
6 weeks
Lenders
CT, United States
United States
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