Name
Chioma
Member since
November 2019
On-time repayments
88 installments • 73%
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 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.
I have snail farm business The snail farm was expanded to accommodate more snails. I observed that the quantity of feed i provide for the snails before the expansion was not enough to feed snails in the expanded venue. Again, i noticed that local feed help the snails to grow into maturity fast. On this basis,i deem it necessary to purchase their local feed in bulk. I will therefore, use the loan i will receive to go to bush market and buy bulk of snail local feed. In addition, i will buy preservative for preserving the snail feed to avoid decay or pest feeding on it.
Of a truth, many businesses are facing risk in the current economic climate but business on edible are progressing with minimal shortcoming. Fortunately, my snail farm business is livestock business. It is inclusive under edible business. The demand for snail consumption is exceedingly high. The hotels, fast food outfits, homes, hospitals , traders to mention but a few, has continued to request for snail supply. Cash or bank transfer transaction are also exchanged at the point of snail supply.. Therefore, from the money i realized from snail sales, i will comfortably repay my loan in line with the sheduled repayment plan.
Jan 19, 2021: Chioma ihebereme's snail farm business
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 14, 2020
Repayment status
On Time
Projected term
2 months
Other loans
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Kirk Moore Oct 29, 2020
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