OneLove Africa is setting up a sustainable social enterprise - a fish farm (tilapia and catfish) that will include a training centre focused on entrepreneurial empowerment programs for village mamas.
Start-up Costs - $15,000
Funds in hand - $5,000
Tax receipts provided
We are happy to work with corporate sponsors on a recognition program that best meets your needs.
We will teach mamas the skills to start successful fish businesses ~ provide them with a steady source of inventory at below-market prices ~ and extend credit during their start-up phase. This also ensures OneLove a guaranteed customer base (in addition to the known commercial demand). Working with 20 mamas in each program, we will also encourage them to form a cooperative.
Fish: A Growing Sector
The demand for fish in Tanzania has seen an 88% increase in fish farms in 15 years (2004: 14,100 - 2019 - 26,445). 97% of fish is sourced from small-scale fisheries. Demand continues to grow as the population is anticipated to hit 100 million by 2038 – most living on less than $1.90 USD per day. Conditions for other sources of protein (beef, pork, chicken) are problematic.
High profitability - 70% margins
Year 1 sales - $135,000
Year 2 sales - $200,000