There are many Financial Institutions in Nigeria where one can have access to loans for different purposes including fish farming. Have you been looking for a way to get money. Or a means to get loan to start your fish farming. This is a wonderful opportunity for us to bring to your notice, different Financial Institutions in Nigeria to get your loans and get started with your fish farming.
Furthermore, there is no need to get worried on how to source money for you fish farming business in Nigeria. This is because there are many Financial Institutions established to help businesses especially small scale businesses. Fish farming business has been very lucrative business because it gives you the opportunity to be self employed and earn a wonderful living. Including to maintain a high living standard.
Thus, without wasting any further time, let’s go straight to the point. That is, Financial Institution in Nigeria where you can have easy access to loans for you fish farming.
Financial institutions where you can access loan for fish farming and small scale businesses.
1.Micro Finance Banks: Do you know you can access loans from this Financial Institutions. Micro Finance Bank is a category of financial services targeted at individuals and small businesses who lack access to conventional banking and related services. So, to obtain it, move to any Micro-Finance bank and obtain your loan immediately.
2:Co-operative society: A Co-operative society is a voluntary association of individuals, united by common bond, who have come together to pursue their economic interests. This simply means you can access loans easily from a co-operative society.
Most importantly, They help their members in starting up a business their by giving them loans including business advice.
3.Bank of Industry: The Bank Of Industry is a development finance institution focused on providing loan credit facilities. It was established to offer both medium and long term loan for the development of industrial activities in the country. Smart catfish farmers can also obtain loan to get started with fish farming business.
Also, there are some catfish farmers who have approached Bank of Industry (BOI) with some level of success recorded. You could be successful to obtain same from them and start your fish farming business in Nigeria.
Other Institutions to obtain loan or capital include the following:
- YouWIN program
- CBN Entrepreneurship Development Program
- Catfish Farmers Association of Nigeria (CAFAN)
- NYSC WAP Program (War Against Poverty)
However, there are some other requirement necessary for you to start your fish farming. This is after completing the first step which is getting the loan for your fish farming business. These requirement include the following:
Pond: A pond is an area filled with water, either natural or artificial, that is smaller than a lake where fishes can be grown. You can make you fish pond to be as big or as small as you wish to.
Near by Water: It is not compulsory to have your fish pond near the the water but it is always very necessary for easy pumping of water in to your pond.
Lastly, beside the pond, other necessary materials for the business is to get your catfish and the feeds. Believe you are bound to make a nice standard of living from. Stay committed and dedicated to your fishing business.
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