of ML’s Poultry Firm, Modou Lamin Fatty has described his poultry business as
one of the most lucrative ventures in the country, saying he raises more than
20,000 Dalasi on profit in four months. He said the business is one of many
ventures that young people can pursue in order to earn a decent living.
The 22-year-old entrepreneur said he was inspired to start his business because of a scarcity of chicken in local markets. “About 90% of the chicken we consume is imported and there are lot of misconceptions attached to them. As a result, I deemed it fit to venture into this business to give locals something that is home grown,” ML said.
Mr. Fatty explained that he acquired a sum of 100,000 dalasi from his family and from his own savings to start the business in February of this year and within few weeks of founding his business, he started to reap the benefits of his investment.
“After investing this money in February and later selling my chicks, I have started to make profit. … I was able to recover my expenses and generated 20,000 dalasi in profit within a short period. Even though my farm is young, I’m able to employ two young people. I envisage to expand and create jobs for many young people in the not too long distant future,” Fatty explained.
Only a few months into its existence, Modou Lamin Fatty’s farm has started to receive outside support. He recently acquired a grant, as well as 250 broiler chicks and 20 pieces of equipment from the Youth Empowerment Project (YEP). He also received funding from the Global Youth Innovative Network (GYIN), who named his farm as a runner up for young agribusiness of the year.
“You see, many young people are obsessed with the idea of travelling to Europe through irregular means. Let me tell you, this is not only risky, it is a waste of time, because nowadays there is little or no guarantee that an irregular migrant will be granted asylum once he or she enters Europe. So I think it is about time for young people to venture into meaningful ventures like poultry farming,” Fatty said.
He is also a third-year student at the University of the Gambia, where he is studying agriculture.
Commenting on Fatty’s story, the manager of the Youth Empowerment Project cited Fatty’s business as one of the key success stories in The Gambia. He added that the young entrepreneur is an example for many young people to follow.