Purchase of more snails to breed

Chioma

Owerri, Nigeria

100% repaid

Entrepreneur

Name

Chioma

Member since

November 2019

On-time repayments

88 installments  •  73%

About Me

My name is Dr (Mrs) Chioma Ihebereme. I am a Lecturer by profession but have snail farm business. The snail farm business started out of my initiative and flare for livestock business. I started my snail farm in a cage well prepared for snail habitation. At first, i sell the mature snails to my colleagues and make supply to individual homes on demand. When i saw that there was high demand for my snails, i
quickly expanded my snail farm using a farm space in my compound. As the snails mature ,i deemed it necssary to negotiate with hotels and fast food outfits for a contract to be supplying snails to them. Fortunately, my proposal was granted and i started supplying snails to hotels and fast good ooutfit. I equally supply snails to traders that sell snail in the market. I also do home delivery to individuals. Of a truth, i realize sufficient money from snail sales. Subsequently, i use the money i got from my snail sales to pay school fees for my children, settle other educational needs for my children and operate educaton fund account for my children. As my snail farm business grows and progresses, i partitioned my snail and employ few workers to assist me. In this direction, their salary will be included in the expenses from the snail sales. Expenses are equally made when training workshop are organized for the recruited workers. Snail farm business is challenging but rewarding if utmost dedication is ascribed to it's service delivery. I sincerely enjoy the snail business because there is high demand for it's consumption hence sales are quickly made and profit realized.

My Business

My business is Snail farm. It is very lucrative but money is heavily involved for it's maintenance.. My income source for my snail farm business is mainly from my salary as a Lecturer by profession. Then, the other source is from loan. I channel sixty percent of my salary to my snail farm business business. My snail farm business has given me opportunities to be invited to deliver lectures in conferences , workshops and seminars natiowide, on how to start and sustain snail farm business. I passionately love my snail farm business because it has given me positive exposure and my snail sale revenue has greatly assisted in my family upkeep.

Loan Proposal

When I receive the loan, I will use it to buy more snails to breed. Yes, this is deemed necessary and timely. As the full grown snails are continuously supplied to buyer on demand. The snail farm gradually has vacuum for replacement with young snails to breed. The ability to grow snails to majority and supply to consumers definitely makes progress in snail farm business. Sequel to this, I will buy pest repellant, to keep pest away from the snail farm as the absence of repellant will make the snial farm vulnerable to infestation. Hence, great loss will be exprience.

Income Source

Sure, I have acquired the business acumen to progress despite odds. I have my customers coupled with the fact that snails are of nutritional value which escalated the demand by families, restaurants, hotels, hospitals and food vendors. In addition, I owe a mini fast food shop where assorted snail dishes are prepared for sell. With ease off on lockdown, i have started making reasonable sale. No doubt, I will. earn reasonable money to repay my loan in the coming week and beyond.

My Videos

Jan 19, 2021: Chioma ihebereme's snail farm business

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Loan Info

Project Type

Classic Loan

Disbursed amount

$78.00

Date disbursed

May 29, 2020

Repayment status

On Time

Projected term

6 weeks

Lenders

JimVandegriff

Trinidad, California, United States

EA

Eric Albert

United States

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