As a result of their experiences through a learning visit to Hyfar Farms in Ogun state, three groups have decided to open four fish marketing outlets.
The training on cooperative management, savings and credit the farmers receive through the project has helped them form cooperatives. Today, at least 190 farmers can access credit facilities from their groups, giving them essential support as they build their businesses.
The project still faces challenges, including the poor quality of catfish seedlings, insufficient funds under micro-financing for farmers, a low selling price of table-sized sized (850-1000g) fish and diseases caused by poor and inadequate water supply during a prolonged drought in the area.
In 2020, we will focus on adding even more farmers to the program, with the aim of 700 participants by the end of the year. The farmers will also establish a cooperative group to provide a united force in determining the market price of catfish. The team plans to incorporate market-oriented innovations, such as the production of value-added products and the use of online marketing tools, to improve profitability.