Fish farming

Tobenna Asomugha

Port Harcourt, Nigeria

22% paid forward

Follow Tobenna

How it Works

Entrepreneur

Name

Tobenna Asomugha

Member since

December 2018

On-time repayments

103 installments • 76%

About Me

I grew up in Nnewi, Anambra state where I had my primary and secondary educations before going to study accounting at the University of Uyo.
I worked for Ibeto Cement and Eastern Bulkcem, Port Harcourt. The harsh economic situation in Nigeria made the company shut down. So stopping work abruptly, as difficult as it was made me rally funds to star toilet tissue production.
I'm currently a fish farmer.
People of Rivers state are very hospitable people to live with. Having a diverse culture and native language make them live together despite their differences.
My son will eventually grow up to become the chief executive officer of the establishment.
I like reading motivational journals, books and plays table tennis.

My Business

I am into fish farming. We grow fingerlings to table size catfish. And sell them as live or processed fish.
It costs about N1,000,000 to grow 700 fingerlings to table size catfish. Profits depend largely on how healthy and well fed the fishes are.
The profits are basically reinvested in stabilizing and growing the business. Little is used for home upkeeps.

Project Proposal

Amount raised will be used to stock fingerlings (newly hatched fishes) which come at different intervals. It will also be used to buy feeds for the fish.
Different sizes of feed are given as they glow. And the cost progresses too.
Other running costs will also be taken care of.