Institutions to get a loan for fish farming business in Nigeria

Institutions to get a loan for fish farming business in Nigeria -Have you being looking for money and were to get a loan to start fish farming business in Nigeria then i think you are in the right place as we are glad to inform you that their are many financial institutions established to in helping small scale business plan.

 

Fish farming business is very lucrative one as it make you being self employed, but many get confuse on the process to either get a loan to start fish farming business in Nigeria or the equipment required to start up the business and that is why this article pose to solve those problem.

Below are the financial institutions that can give out loan for fish farming and small scale business.

1.Micro Finance Banks: Do you know that micro finance banks in that your area can give out loan for you to start fish farming business, All you need is a better business proposal plan for the fish farming you want to carry out.

2:Co-operative society:Do you know that co-operative society helps their members in starting up a business their by giving them loans and apart from that co-operative society also offers business advice to their members and a workshop program to help their members.

3.Bank of Industry: was established to give medium and long term loan for the development of all forms of industrial activities in the country. Smart catfish farmers can also get some loan to start fish farming business. A number of catfish farmer have approached Bank of Industry (BOI) in recent times with some level of success recorded. you too can be a success story as you get a loan for fish farming business in Nigeria

Other Institutions or other sources of capital to start fish farming business in Nigeria are below:

• YouWIN program
• TEF
• SURE-P
• CBN Entrepreneurship Development Program
• Catfish Farmers Association of Nigeria (CAFAN)
• NYSC WAP Program (War Against Poverty)
• LAPO
• SEAP

 
However getting a loan from any of the financial institutions is the first step to start the business but their other thing required for you to start the business in more lucrative way and that is why we are going telling other essential requirement such as:

Pond: Pond is were you can grow your fish and the size is dependent on your preference or how big you want the pond to be.

Near by Water: is not a must to have this near your fish farming pond but is essential for easy pumping of fresh water into the pond.


Other necessary materials for the business is also to get your catfish  and the feeds and the catfish itself and believe you are bound to become a millionaire in fish farming business in Nigeria as this article helps you achieve it.

Therefore Will be updating this page with more Tips about this business information and links to the respective articles as soon as they go live.Thanks