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Agriculture Wholesale Company Seeking Loan in Port Moresby, Papua New Guinea

Exporting fish maw from Papua New Guinea, serving Chinese market and seeking funding for expansion.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Public Limited Company
Reported Sales USD 11.8 thousand
Run Rate Sales USD 11.8 thousand
EBITDA Margin 2 %
Industries Agriculture Wholesale + 1 more
Locations  Port Moresby
Local Time 8:45 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 62 thousand for 7.5% annual interest, 10 years (Native Currency: USD 61,605)
Reason: Seeking funding to increase the supply volume and frequency and target newer markets. The business i... View More
Collateral Available: USD 0
Includes physical assets worth USD 24.6 thousand
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Business Name
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Business Overview
- Operates out of Port Moresby, the central hub of Papua New Guinea, providing strategic access to key shipping routes for exports.
- Focuses on the export of fish maw, a high-demand delicacy particularly in the Chinese market, showcasing a unique niche in the aquaculture industry.
- Fully licensed under the National Fisheries Authority, ensuring compliance with national fisheries regulations and sustainable sourcing practices.
- Currently there is 1 major client and monthly export volume ranges between 2-3 tons, with shipments scheduled two times per month, emphasizing a consistent supply chain.
- Fish maw is sourced from local vendors, fostering community relationships and maintaining a sustainable supply loop within the region.
- Facing remittance challenges with overseas clients, particularly in China, highlighting a critical need for stable financial partnerships and potential investment opportunities.
- While the primary focus is on overseas export, the business also supplies to the local market, ensuring diversified revenue streams and market penetration.
Products & Services Overview
Export of fish maw, a high-demand delicacy particularly sought after in the Chinese market. While primarily focusing on international exports, it also serves the local market.
Assets Overview
Physical assets include stage containers and 2 vehicles.
Facilities Overview
Operating from a rented facility of 700 sq m, located in Kennedy Estate, Port Moresby.
Capitalization Overview
Self-funded.
No outstanding bank loans.
There is 1 owner in the business.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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