Fishery

Adeola

Osogbo, Nigeria

100% repaid

Entrepreneur

Name

Adeola

Member since

February 2021

On-time repayments

13 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

The smoked fish business is one of the most lucrative business in Nigeria. Even if you do not know how to hatch fish seed or have a pond, you can still venture into fish smoking business with just a little start-up capital. It is highly lucrative.
And also Buying of new juvenile for my new pond. And I will need to pay for labourer that will clear the pond.
Each juvelline is sold at the rate of #10 of which will buy up to 1000pieces from the hatcher, chemical for fumigation of the pond and the labourer

Income Source

As of today, the demand for fish and fish products surpasses its supply. Almost everybody eats fish either dried or fresh, compared to other products such as pork and beef that are being affected by religious and medical constraints, respectively.

Fish has Omega-3 Fatty Acids, which is highly essential to the body and it can be sold to people of every kind in hotels, churches, at conferences, meetings, banks, individual door-to-door delivery etc

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$32.00

Date disbursed

Mar 3, 2021

Repayment status

On Time

Projected term

4 weeks

Lenders

M

M

Australia

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