Newly Established Fishing Business Seeking Loan in Rakiraki, Fiji
Rakiraki-based commercial fishing business supplying mackerel to local retailers, planning expansion with improved engine equipment.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 52 thousand |
| EBITDA Margin | 10 % |
| Industries | Fishing |
| Locations | Rakiraki |
| Local Time | 10:32 PM Pacific / Fiji |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
13 thousand
for
1.0%
annual interest,
2
years
(Native Currency: FJD 30,000)
Reason: Seeking funds to procure outboard motor engine and other associated equipment to expand the business...
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Collateral Available: USD 5.2 thousand
Includes physical assets worth
USD
30.5 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Tax Registration
(44.3 KB)
Business Registration
(41.9 KB)
Business Overview
- Newly established business operating in Rakiraki, a key fishing area known for its rich marine resources.
- Focuses on commercial fishing, primarily targeting mackerel due to its high demand in local markets.
- Supplies fresh mackerel to 3 loyal retail clients in the local market on biweekly basis, contributing to ongoing business relationships and community support.
- Leverages the high demand for mackerel by securing advance orders for enhanced supply efficiency.
- Plans to expand operations by investing in an advanced outboard motor engine, which will increase fishing capacity and boost productivity.
- Holds both business and tax registrations, ensuring adherence to local regulations and making the business trustworthy for investors.
- Makes revenue through direct sales of mackerel to local markets, benefiting from the fish's popularity among consumers.
- Focuses on commercial fishing, primarily targeting mackerel due to its high demand in local markets.
- Supplies fresh mackerel to 3 loyal retail clients in the local market on biweekly basis, contributing to ongoing business relationships and community support.
- Leverages the high demand for mackerel by securing advance orders for enhanced supply efficiency.
- Plans to expand operations by investing in an advanced outboard motor engine, which will increase fishing capacity and boost productivity.
- Holds both business and tax registrations, ensuring adherence to local regulations and making the business trustworthy for investors.
- Makes revenue through direct sales of mackerel to local markets, benefiting from the fish's popularity among consumers.
Products & Services Overview
Fresh mackerel supplied to retail buyers in Rakiraki, who sell directly to households and consumers.
Assets Overview
Physical assets include the boat with fishing and storage equipment. These assets are essential for business operations and cannot be liquidated.
Facilities Overview
No dedicated facility needed; boat is parked on leased space at Ellington Wharf, Rakiraki.
Capitalization Overview
Self-funded.No loans.
There is 1 owner in the business.
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