Catfish farming

Naver Chayelela

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Naver Chayelela

Location

Lusaka, Zambia

On-time repayments

25 weekly installments  •  32%

About Me

I am a Zambian citizen who has always been interested in entrepreneurship in addition to my profession as a Development Consultant and a SRHR and GBV Advocate working with Community based organizations. I believe in the power of people coming together to achieve common goals and objectives by pooling resources and skills and helping those who are marginalized or disadvantaged. Working with ordinary hardworking people community livelihoods improvement programs encouraged me to venture into aquaculture as a small business project which I intend to scale up.

My Business

I am currently setting up an Aquaculture Integrated Project that has began with the production of Catfish, first for local consumption and when the business grows I intend to begin exporting to neighbouring countries starting with DRC where demand for Catfish is very high. I started with 1 pond and wish to expand to as many as 10 ponds to produce enough Catfish for export.

Loan Proposal

The loan will be used to pay for equipment for the expansion of the project to 2 ponds. The equipment to be bought with the loan include Sein nets for sampling and harvesting the fish, plumbing for the water reticulation system, buckets and gloves, notebooks and pens for record keeping. Other equipment will include water quality sampling meters and water disk, shovels and a wheelbarrow all of which will be used mainly in the maintenance of the second catfish pond.

Income Source

Given the current climate where COVID-19 has affected many small businesses, I ensure that I continue earning the money to repay this loan by increasing the quantity of the harvested catfish, be innovative in my business model by adding incentives for customers such as delivering the product within a certain cost-effective radius, package the fish in various innovative ways to attract more customers. I will also ensure that I advertise the business aggressively via word of mouth and social media which are very cost effective channels of communication in a business. I will also take advantage of various opportunities to make sales such as during Saturday Markets all over the city.

My Videos

Mar 5, 2021: Catfish feed production project

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$152.09

Date disbursed

Dec 24, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $152.09 = $9.99

Credit risk payment: $21.95

Optional expediting fee: $19.98

Lenders

T

Tmann

Los Angeles, United States

R

Raabo

Rungsted, Denmark

Cloudways

Malta, Malta

A

AndrewC

London, United Kingdom

R

richdullaghan

Encinitas, United States

Scotts5320

New York, United States

B

bscent

Hong Kong

Vesa

Helsinki, Finland

S

spaceandthyme

United States

ThomasJosef

Berlin, Germany

utdream

United States

Mike and Jacqui

United Kingdom

Dave Bogard

New York, United States

Mark

Nijmegen, Netherlands

Kate Courteau

United States

Max Lettenberger

Madison, WI, United States

I

isaac

United Kingdom

Sinan Taifour

Munich, Germany, Germany

VC

Victor Chong

United States

CJ

Chris Jones

Seattle, United States

Paul Buchheit

Mountain View, United States

RF

Ruth FT

Manchester, United Kingdom

AM

Andy Marston

United Kingdom

petter

Finland

B

Ben

United States

Andrew

United States

RS

Ralph Smyth

United Kingdom

Tom Purser

Cambridge, United Kingdom

J

John

Minneapolis, United States

JB

Juan Busco

United States

MB

Meg Brigman

United States

CL

Caleb Liu

United States

E

Eduardo

Paraguay

DB

David Buchanan

Ilmenau, Germany

Black and White Zebra

Vancouver, Canada

JI

James Innes

United Kingdom

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