Photo - Fish farm project
23191

Fish farm project - loan for business

Nigeria
Market: Farming
Stage of the project: Idea or something is already done

Date of last change: 07.11.2017
Min amount of loan
$  5.000
Estimated yield
10 % a year
0
Total required
$ 20.000
Rating
equalizer 180 from 1000
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Idea

The demand for fish is high and more fish needs to be reared we are expanding our production capacity to meet up with the demand

Current Status

We are currently growing fish on an earth pond but we want to adopt the use of specialized tanks and aquarium

Market

Local markets corporate catering outfit hotels supermarket and individual we adopting social media marketing and other digital marketing aid

Problem or Opportunity

Demand for fish is increasing and clients keeps growing we a adopting this method in other to add to production and bring the farm closer to the market

Advantages or differentiators

our practices meets the requirements of international and local food health regulatory bodies and we strive to grow

Finance

We sell at prevailing market price
In Nigeria. Fish is sold in kg weight presently 1kg is sold for $2 if we can setup this project we would be growing 20000 kg of fish every 6months at the end of 6 month we get 20000kg which is $40000 in 1 year we make $80000 in 5years we would have made $40000

Loan terms

24 months

Interest rate, %

10

Type of pledge

Another

Pledge and assets

Landed property on a 1000/50 square meters

Solution (product or service)

Livestock farming is a farming activities for production of protein for food. Protein is a vital part of our everyday meal and the demand keeps growing and growing so we need to step up our capacity to be able to meet the requirements of our costumers

Risks

loss of clients and costumers due to late availability of stocks

Incubation/Acceleration programs accomplishment

I
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video