Elmeena Aqua
This blog was created to help and assist new udang galah freshwater prawn farmers, suppliers and buyers which could generate healthy business and investing relations, targeting Johor, Malaysia areas. I hope the content in this blog is useful and I will upgrade more udang galah links and suppliers with our new WEBSITE, will post update soon...email me at elmee75@gmail.com if you got any enquiries.....please support the udang galah aquaculture farming community.
Venture Capital for start up farm
the second most FAQ is venture capital, how we could come up with sufficient money to develop our udang galah business/ponds..
main source of venture capital would be from:
- own savings
- partnership
- bank loans
- selling your properties
my point of view are we should derive all the venture capital from our own source eg. savings, personal loan, because banks would not finance a start up, especially agriculture/aquaculture business (tried and simply rejected) even you have a good paperwork and some collateral.
please start small and record everything you spent/earn from the business by doing all your transaction by cheque, let the records show good income and profits/surplus, then, go apply for micro credit scheme!.
please check out my earlier post on locations and major points to consider when you decided to start up a freshwater prawn grow out business ..
Ref Capital:
ReplyDeleteHi, interesting blog. My wife and I are looking into starting up a Farm probably centered around polyculture of tilapia and Udang Galah. Just a Note on the Loans for start ups. AGROBANK are now offering up to RM50k for start up. No Guarantor, No collateral, 4% interest PA and approved in 7 days!
They do require a solid working plan and it is my understanding that they will release the funds prgressively, based on the submisttied technical proposal and business plan... We are still looking into this and will update as neccessary... For now people can look at www.agrobank.com.my for details.
hei, thanks for the info..
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