FISH FARM STARTUP PROPOSAL

Dear Sir/ma’am

I hope this letter finds you well. I am writing to present a comprehensive proposal for
the establishment of a fish farm on my already owned land with room for expansion. The
proposed fish farm aims to utilize Four ponds, each capable of housing a substantial number of
fishes, and I am seeking the support to kick start this venture.

Business Overview
The primary objective of our fish farm will be to produce high quality fish for both
local and regional markets. We envision utilizing modern aquaculture practices and
technologies to ensure efficient and sustainable fish production. Additionally, the farm will also
contribute to employment opportunities within the community and support the local economy
over the years to come.

Investment Requirements
To initiate and operate the fish farm successfully, we require the following
investment:

1. Pond setup ;
 4 fish ponds at ₦15,000 each = ₦60,000
2. Fingerlings Purchase:
 500 fingerlings at ₦40 each = ₦20,000
3. Water pump = ₦35,000
4. Fish feed :
 2 bags of 1.5 mm at ₦11,500 each = ₦23,000
 4 bags of 3 mm at ₦11,500 each =₦46,000
 6 bags of 5 mm at ₦12,000 each =₦72,000

Total Investment Needed = ₦256,000

 Existing Resources
Thankfully, we already possess a well-spaced land suitable for fish farming, which
means there is no additional cost for land acquisition. Moreover, we also have some minor
equipments like;

 Fishing nets
 Fishing baskets
 2 large plastic bowls for containment
 2 small plastic bowls.

That can be utilized in the initial stages, reducing the initial investment burden.

Profit Projections
Based on market research and the projected growth of the fish farm, we anticipate
achieving profitability within the first year of production. The estimated revenue for the first
year is projected to be approximately ₦600,000.

However, this projection is conservative and accounts for market fluctuations and any potential
challenges that may arise.

Repayment Plan
To ensure a mutually beneficial partnership, we propose the following repayment
plan:

 Quarterly payments over a period of 2 years, starting 7 months after the initial
investment.
 A fixed interest rate of 5% on the principal amount.

Management and Operations

The fish farm will be managed by a skilled professional with experience from fishing
industry with a good record but slacked by lack of financial strength. We will strictly adhere to
industry best practices, maintain proper record-keeping, and prioritize environmental
sustainability.

Environmental Impact
We are committed to conducting our fish farming operations with utmost
environmental responsibility. Measures will be taken to prevent any negative impact on the
surrounding ecosystem, and regular water quality will be carried as we already have a very
stable water source (water well) to ensure the well being of the fish.

Conclusion
Establishing a fish farm presents an existing opportunity and we are confident in its
potential for success. With your support, we can create a sustainable and profitable enterprise
while contributing positively to the local community.

I would be honoured to discuss this proposal further at your earliest convenience. Please feel
free to contact me at;

Phone number- +234 90 5032 9358

E-mail- collinsibrahim34@gmail.com

to arrange a meeting or discuss any additional information you may require.

Thank you for considering our proposal. We look forward to the possibility f partnering
with you in this promising venture.

Sincerely ,

HASSAN COLLINS IBRAHIM