Fish farms

Jesse    Dec 12, 2021

It's been difficult trying to pay with my Access Bank account, can I pay through my GTB account? Thanks

Jesse    Nov 30, 2021

Good morning Sir, I have not been delaying in the repayment of my loan, kindly permit me to pay as soon as I am done with the hospital cases in hands.
Zidisha is not a platform to play with, it's has so seriously helpful to me.
And I have always been up to date in my repayment but for this time. Thanks Jesse Ogbonnia Oko

Jesse    Nov 16, 2021

Good evening sir,
I am very much aware of my due repayment loan, but I can't do anything now due to some challenges that took me out of my base. I promise to pay all my loan as soon as possible.
Kindly bear with me. For I have never defaulted before and I promise not to default again.
Thanks.
Jesse Ogbonnia Oko

Jesse    Oct 11, 2021

Dear funders, thanks for your help, I have just received the sum N16060..
Thanks

Jesse    Oct 9, 2021

My dear funders,
I will be using the funds to buy fingerlings and feed.
I promise to pay back the money as soon as possible.
Thanks for your kindness.
Jesse

Jesse    Sep 28, 2021

It's been my pleasure being in this platform of funds Lenders,
But at this juncture any loan lower than 4 million naira, might really not do much for me, because of the present status of my 50,000 capacity fish farm. I truly will appreciate it if my loan is upgraded.
Thanks.

Jesse    Sep 18, 2021

Dear funders,
Permit me to use this opportunity to thank you all for your funds given to me to advance my farm.
Please due to the nature and volume of my fish ( 50,000 capacity ) farm, may I humbly appeal for an upward review of my loan to enable me do something more meaningful with the loan.
My required capital is the sum of N36,000,000.00.
I will be glad if my loan can be reviewed to between N4,500,000 to N5,000,000.
I promise to repay the said amount within 5 months.
Thanks for your consideration.
Yours Sincerely.
Jesse Ogbonnia Oko
08036704810

Jesse    Sep 8, 2021

Thanks to all my funders, I received the sum of N16,060.

Jesse    Sep 7, 2021

My dear funders, may I use this opportunity to say a big thank you to you all, and also inform you that the fund will be used to additional feed for my fish.
This feed will last at least for 24 hours before I buy another feed.
Once again thank you for coming to my aid.

Jesse    Sep 7, 2021

Though I'm into a very large (50,000) fishes capacity farm which requires bigger loan, the amount I have been getting as loan has been off tremendous help to me in some vital ways. I wish my loan limit be stepped up reasonably to enable me progress rapidly in order for me to help others. Thanks

Jesse    Aug 23, 2021

This is to confirm the receipt of the same N10,706 as loan and promise to use to advaymy farm activities. Thanks

Jesse    Aug 21, 2021

May I use this opportunity to say a big thank you to all my funders, this fund will be used to pay for my employees also buy some feeds for my fishes. Once again thank you so much.

Jesse    Aug 20, 2021

The previous loans helped me a lot.

Jesse    Aug 4, 2021

I want say thank you to all the people who funded my project and to promise them that I will use the loan judiciously.
I will in the nearest future fund other people's projects. Thanks

Jesse    Aug 4, 2021

I want to use this opportunity to say a big thank you to all my Lenders, it so helped me in adding some feeds into my fish farm. Once again thank you all.

Jesse    Aug 3, 2021

Attn: PROSPECTIVE OWNER AND INVESTOR     

Sir,
PROPOSAL TO INVEST IN CONCERN (AF-N) FARMERS MULTI PURPOSE COOPERATIVE SOCIETY 50,000 CAPACITY FISH FARMS
We are pleased to submit this proposal for investment in our 50,000 capacity fish farm that is managed by Concern (AF-N) Farmers Multi-Purpose Cooperative Society Limited.
ABOUT THE PROJECT/INVESTMENT
Concern (AF-N) Farmers Multipurpose Cooperative Society Limited have acquired 50,000 capacity fish farm under public private partnership with National Root Crops Research Institute Umudike Abia State and all necessary documentary agreement signed to commence the project.
The cooperative is looking at bringing interested investors with a willingness to make an investment in the fish farm project together who wishes to invest 2,000,000 naira and above, then make a profitable return on the money invested within the next one year based on the capital invested. Every invstor will have a share in the profit of the cooperative based on capital invested.
BENEFITS OF INVESTING WITH THE COPERATIVE
You get a guaranteed 10% returned on your investment per annum guaranteed regardless of returns of the general investment
You invest with rest of mind as the cooperative manages your investment
You become a co-owner of the business and make money with ease without much pressure on yourself as you invest in it
Legal documents are signed between the investor and the cooperative to secure your investment and boost the investors’ confidence in the project

OUR MAJOR PRODUCTS AND SERVICES
Fish farming
smoked fish processing, packaging and wholesale/retail distribution
Animal feed production (fish and poultry feeds)
Cassava and Rice farming/processing
Export of processed smoke fish
General Consultancy services and training of farmers
OUR VISION
Our vision is to become one of the leading fish farmers and smoked fish business in Nigeria renowned for promoting a healthy well balanced eating within the society.
TARGETS AND GOALS
Operate and manage effectively the 50,000 capacity fish farm before the end of 2021
Maintain excellent rating (90%)  in fish production and processing
Hit a Revenue target of N70 Million Naira in 2022
Bring best minds and motivated staff to pilot the operations of the cooperative
Establish new business opportunities within the agricultural sector that is profitable.
Minimize operational expenses and attain a return on investment higher than the cost of capital invested in the business
Improve the income level of all stakeholders in the business
REVENUE PROJECTIONS
COST IMPLICATIONS FOR FIFTY THOUSAND (50,000) FISHES (10%)
From the financial analysis the net amount required for the Aquaculture project is t
FIXED EXPENDITURE + RUNNING COST
3,436,500 + 28,753, 750 = N32, 460,250

ESTIMATED INCOME FOR THE 1st BATCH
Using 10% mortality = 45,000 fishes
Using N1,000/kg as the prevailing market price
Average weight of fish attained = 1kg
Gross income for first (1st) batch =
1,000 X 45,000 = N45,000,000
Net profit = Gross Income – Total Cost
45,000,000 – 32,460,250 = N 12,539,750
ESTIMATED INCOME FOR THE 2nd BATCH
Using 10% mortality = 45,000 fishes
Using N1,000/kg as the prevailing market price
Average weight of fish attained = 1kg
Farm store taken care of = N520,000
28,753,750 – 520,000 = N28,233,750
Income for Second (2nd) batch =
1,000 X 45,000 = N45,000,000
Profit = Income – Total Cost
45,000,000 – 28,233,750 = N 16,766,250

ESTIMATED INCOME FOR THE 3rd BATCH
Using 10% mortality = 45,000 fishes
Using N1,000/kg as the prevailing market price
Average weight of fish attained = 1kg
Farm store taken care of = N520,000
28,753,750 – 520,000 = N28,233,750
Income for Third (3rd) batch =
1,000 X 45,000 = N45,000,000
Profit = Income – Total Cost
45,000,000 – 28,233,750 = N 16,766,250

ANNUAL INCOME FOR THE AQUACULTURE PROJECT
1st batch + 2nd Batch + 3rd Batch =
12,539,750 + 16,766,250 + 16,766,250 = 46,072,250
This represents the total amount we stand to get assuming we do no other business during the period. Whereas we have a high opportunity to harness other funds through other trainings after each school had dismissed.
INFRASTRUCTURES AND EQUIPMENT REQUIREMENTS
 These are the infrastructural requirement to get the 50 capacity fish pond working.
STRUCTURAL WORK FOR THE REVAMPING OF FISH POND
S/NO
DESCRIPTIONS
QTY
UNIT COST (N)
TOTAL (N)

1.
Stony Laterite
20 trips
18,000
360,000.00

2.
Sluice gates
40 pcs
6,000
240,000.00

3.
Repair of monk (2 Nos):
Cement
Sand

3bags (4,000)
12 bags (1,000)


24,000


24,000.00

4.
2’’ galvanized pipe
25 Nos
5,500
137,500.00

5.
Lime
5 bags
24,000
120,000.00

6.
6’’ galvanized pipe
2 Nos
20,000
40,000.00

7.
1’’ Wire gauze
10 rolls
15,000
150,000.00

8.
1 Finger fishing net
20 rolls
40,000
800,000.00

9.
Pegs and marine rope
30 rolls
3,000
90,000.00

10.
Poultry droppings
30 bags
500
15,000.00

11.
Empty cement bags
300 bags
100
30,000.00

12.
Workmanship
Lump
130,000
130,000.00

13.
Clearing of ponds and its surrounding/Channels
Lump
1,300,000
1,300,000.00


SUB-TOTAL

3,436,500
3,436,500.00

Amount in words: Three Million Four Hundred Thirty-six Thousand, Five Hundred Naira only.
COST OF PROJECT:
This is the cost implication of setting up the fish farm which was broken down into 3 phrases
FINANCIAL IMPLICATION FOR FIFTY THOUSAND (50,000) FISHES
S/N
DESCRIPTIONS
QTY
UNIT COST (N)
TOTAL (N)

1.
Feed
3,336.5 bags
75,000
25,023,750.00

2.
Fish
50,000
50
2,500,000.00

3.
Workers’ wages for 6 months
5 persons
85,000
510,000.00

4.
Pond maintenance
Lump
200,000
200,000.00

5.
Farm store (container)
1
520,000
520,000.00


SUB-TOTAL


28,753,750.00


Structural work brought forward


3,436,500.00


GRAND-TOTAL


32,460,250.00

Amount in words: Thirty-two Million Four Hundred and Sixty Thousand two hundred and Fifty Naira only
FINANCIAL IMPLICATION FOR THIRTY THOUSAND (30,000) FISHES
S/N
DESCRIPTIONS
QTY
UNIT COST (N)
TOTAL (N)

1.
Feed
1,999.5 bags
7,500
14,996,250.00

2.
Fish
30,000
50
1,500,000.00

3.
Workers’ wages for 6 months
5 persons
85,000
510,000.00

4.
Pond maintenance
Lump
200,000
200,000.00

5.
Farm store (container)
1
520,000
520,000.00


SUB-TOTAL


17,726,250.00


Structural work brought forward


3,436,500.00


GRAND-TOTAL


21,162,750.00

Amount in words: Twenty-One Million One Hundred and Sixty-two Thousand Seven hundred and Fifty Naira only
FINANCIAL IMPLICATION FOR TWENTY THOUSAND (20,000) FISHES
S/N
DESCRIPTIONS
QTY
UNIT COST (N)
TOTAL (N)

1.
Feed
1,333 bags
7,500
9,997,500.00

2.
Fish
20,000
50
1,000,000.00

3.
Workers’ wages for 6 months
5 persons
85,000
510,000.00

4.
Pond maintenance
Lump
200,000
200,000.00

5.
Farm store (container)
1
520,000
520,000.00


SUB-TOTAL


12,227,500.00


Structural work brought forward


3,436,500.00

KEY PERFORMANCE INDICATORS (KPI) IN THE FIRST ONE YEAR
Pay back our initial investment in Business--------------------------------100%
Give value to our partners and investors by making at least 40% profit on their investment
Manage the facilities and ensure steady growth of the business

INVEST IN THIS GREAT VISION
A lot of people desire to become millionaires and have a secured future but don’t know how to. Now you don’t need to worry as our cooperative will lead you to your desired future without you carrying any pressure. You will gain better by investing your money than saving it. Even if you are saving the money in the bank to solve a problem or to grow your capital, the bank cannot give you that kind of return on your investment that this project will give you. When you invest with us, you can get your money (interest and capital) back within one year. Fortunately, you will get the money back in increase than decrease when it is left in the bank.
ABOUT THE COPERATIVE MANAGEMENT STRUCTURE
Concern (AF-N) Farmers Multi-Purpose Cooperative Society Limited has a seasoned management team who has been involved in agro business initiatives at various levels. They are trained and equipped with the vision to transform the face of decadence in our agribusiness having been exposed to the gains of agricultural sector over the years.
Concern (AF-N) Farmers Multi-Purpose Cooperative Society Limited is an agro multipurpose cooperative society registered in Nigeria with the aspiration to be a one-stop shop in agricultural production. Our products and services include and not limited to fish farming, smoked fish processing, packaging and wholesale/retail distribution across Nigeria with backward integration of going in livestock and consultancy services, training of farmers, production and sales of poultry feed, fish feed, egg and fish (juvenile and table size) production. We are working together in harmony with team spirit oriented business culture that enhances individual creativity, innovation, teamwork, perseverance and productivity in term of results driven and materializing value added achievements of the business. We are out to make the fisheries industry a passionate and rewarding venture and also make fish affordable to all classes of the society. Concern (AF-N) Farmers Multi-Purpose Cooperative Society Limited is registered with the Cooperative with 100 members.


 CONCLUSION
Feel free to discuss with us on the partnership agreement terms and get clarifications on any issues.
We look forward to a mutually beneficial business relationship.
Thank you
Yours Faithfully,
Oko Jesse ogbonnia
For: Concern (AF-N) Farmers Multi-Purpose Cooperative Society Limited

Jesse    Aug 2, 2021

My Dear Lenders may I use this opportunity to thank you all for the loan of N4,823.00 granted to me last week.
I promise to continue to use it judiciously and to repay the loan in due time.
Thanks and God bless you all richly.
Oko Jesse Ogbonnia