Buying of locally made oven and branding

Adeola Olafare

Osogbo, Nigeria

10% repaid

Entrepreneur

Name

Adeola Olafare

Location

Osogbo, Nigeria

On-time repayments

13 weekly installments  •  31%

About Me

My name is Olafare Adeola
I'm from Nigeria. I am a trader and a farmer, I buy crayfish and dried fish directly from the fisherman, and resell in wholesale in the city.

My Business

I'm into fish farming and fish business, I sold in wholesale to the people in the market once in a week. I have been in the business for about 2years and is a lucrative one for me

Loan Proposal

Smoked catfish business is an opportunity waiting to be tapped. How to start dried and smoked catfish business in Nigeria. Venturing into dried and smoked catfish business is indeed a big business with unimaginable potentials as those doing it are making serious money from it already.

Apart from having fish ponds which many has discovered to be like having an automatic ATM at their backyards, dealing on dried fish or smoked and packaged fish has become a serious income generator for those doing it in the right way. You can sell to the open market or supply to the supermarkets and stores.

Income Source

A kilogram of catfish goes between N400 to N600. Each of these costs about N100 to have it processed and packaged.

You can retail to your customers at the rate of N1,500 or more. You can as well take your goods to some supermarkets at the rate of N800 or N1,000 while they sell at any price of their choice.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$106.12

Date disbursed

Mar 14, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $106.12 = $5.15

Credit risk payment: $18.54

Optional expediting fee: $10.30

Lenders

A

Arthurmb

Cebu city, Philippines

mtnsailor

Harrisonburg, United States

M

mkellerman

Shanghai, China

Stefano Bertolo

Luxembourg, Luxembourg

D

DelapierceD

New York, United States

Thomas

Basel, Switzerland

Fox Family

Costa Rica

MR

Michiel Rauws

San Francisco, Netherlands

H

Heather

United States

S

Sally

Australia

B

BSM

France

Hans Moor

Vorden, Netherlands

D

David

United States

M

Mark

United States

PJ

Pike Juniors

Adelaide, Australia

SW

Sean Walsh

United States

G

Gabi

Turkey

J

Jan

Switzerland

R

Roman

Slovakia

Jeanette

Fort Worth, Texas, United States

Eike Christian Lorenzen

Flensburg, Germany

JM

Janina M

United Kingdom

C

Cianna

United States

DD

David DeBry

United States

GR

Gabe Radovsky

United States

Black and White Zebra

Vancouver, Canada

L

Leo

United States

R

Richard

United Kingdom

Greg

Yokohama, Japan

DY

Dan Y

Scranton PA, United States

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

Loading...

Loading...

Loading...