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Enriching Lives Through Fishery Project
Enriching Lives Through Fishery Project

Entrepreneur Syed Shah Alam, started his fishery project in 1998 after training on fish cultivation. He rears fingerlings in a separate pond and fishes are cultivated on a leased unused low land and ponds. He sells fingerling and fish. Mr. Alam has taken four successive loans from GRFD. His first loan of US$ 2,143 in 2001 to cultivate fish in 2 ponds and a low land totaling 3 acres was successfully utilized to expand his project. From then on his project grew every year.

Currently, he grows fish including fingerling in 5 ponds and a low land totaling 10 acres out of which he personally owns 2 ponds. Initially, his own investment in the project was $7,143. Now, his total investment stands at around $15,700 and his yearly net income from fishery project is about $5,940. He has procured property worth $12,850 from the earning of the project since 2001.He procured 50 decimals of land to construct a semi brick house and dig a pond.

In addition, he is running a leased rice mill funded from the project income. Byproducts of the mill, husks and rice particles, are used as main food for fish.25 persons are employed in the mill and the fishery project. His net earning is $786 per month on an average from house rent, mill and the project. He has been able to provide education to his 3 daughters and a son. He maintains all his family expenses from the earning of the project. The entrepreneur leads a very simple and hard working life. The demonstrative success of the project has provided encouragement to others to replicate.

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