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
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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
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