“After obtaining my first CGC BizMula-i financing I was able to upgrade infrastructure and duck feed at the farm. The number of ducks has now increased to 2,500.”

When Mohamad Rizki Nadda first started at his father’s duck farm producing salted duck eggs, he only had the capacity to raise 300 ducks. “After obtaining my first CGC BizMula-i financing I was able to upgrade infrastructure and duck feed at the farm. The number of ducks has now increased to 2,500.”

“The salted egg business in Sandakan is popular, but very competitive,” reveals Mohamad Rizki, a mechanical engineer by training. He has to constantly think about how to stay ahead of the curve, as many smaller farms in Sandakan go out of business within two years. He constantly analyses the problems of these failed businesses in order to find out more about running his own. “It’s a good business. But the root of the failure lies in the lack of capital,” he affirms. He is now in the process of receiving his second CGC Biz Mula-i financing, to use as working capital.

Mohamad Rizki first heard about CGC at an entrepreneurship event in Sabah. He followed up his queries with the CGC Sandakan branch office. Rizky Farm was also a participant at the Karnival Kewangan BNM in Sandakan, sharing its success story.

With the funding received and subsequent upgrades, he can now compete with his town’s bigger ‘salted duck egg’ players. He supplies farm eggs to agents twice a week, and has also opened a small restaurant and an outlet in Mydin Food Court. “It’s an opportunity to use my own products in my meals, as well as sell the salted eggs.”

Mohamad Rizki does not regret his decision to turn down a high-paying job with PETRONAS Carigali. His ambition now is to grow his business into a medium or large enterprise, and to diversify by branching out to urban centres.

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