Delivery vehicle for snail farm

Chioma Ihebereme

Owerri, Nigeria

37% repaid

Entrepreneur

Name

Chioma Ihebereme

Location

Owerri, Nigeria

On-time repayments

57 weekly installments  •  100%

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

I will use the loan to buy new auto- mobile engine for my business car and to repaint my business car.

My business car is for suppling life snails and frozen snails to my customers.

When my business car engine spoilt, several efforts to repair it by the machanic prooved abortive after i have spent lots of money.The car body also has lots of scratches having had several minor accident while on business trip to supply snails to customers.

The spoilt condition of my business car is greatly stressing me and incurring expense because i hire car to assist me supply snail to my customers. Each trip of supply of snails made by the hired car is paid for per day.

If i buy new engine for my business car, i will be experiencing hinge- free supply of my snails to my customers.

Income Source

My snail farm business is a lucrative business because it deals on edible.

There is actually high demand of snail supply from my customers. Of course, snail has lots of nutritional value. Having been in snail farm business for some year now, i can affirm that there is high demand for snail consumption.

With the high consumption status, customers has continued to place their order for snail supply particularly the frozen snails. My customers make their payments without delay.

With the frequent demand of snail by customers and their prompt payment, I will be able to earn the money to repay my loan.

My Videos

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,081.26

Date disbursed

Apr 23, 2021

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: 5% of $1,081.26 = $52.49

Credit risk payment: $209.95

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