Wood processing & small-scale gold mining
Benjamin Olaitan
Lagos, Nigeria
100% repaid
Entrepreneur
Name
Benjamin Olaitan
Member since
September 2019
On-time repayments
107 installments • 73%
About Me
am benjamin olaitan Owolabi married with four children self employed obtained B..A history and international studies Lagos state University .
My Business
my company was Tab international links limited we are into wood processing construction and small scale mining our business site are in Kwara state for wood processing and Niger state for gold mining we corporate office in Lagos state Nigeria
Loan Proposal
The loan would be used, in part, for transportation by truck of our round lumps of wood from a depot in Kwara State to our clients in Ogun State, in Nigeria. Some of the loan would be used to pay a labourer to load the truck. Part of the loan also would be used to pay a government-revenue fee.
Income Source
Risk & Revenue Information: Our products are in high demand, and our government has lifted the ban on interstate movement of people and goods. Our clients make immediate payment for our round lumps and processed wood and, therefore, we would generate income on a weekly basis. The proceeds from selling the wood would cover repaying the loan. Repaying would be very easy.
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EDITOR'S NOTES:
1.) For anyone who may not yet know this, please be aware that although English is an official language in many African countries, English usually *isn't* the first language of
most people in Africa; rather, a tribal language (or two or three or more) usually is/are
the first language(s).
2.) The "Risk & Revenue Information" is submitted separately and, therefore,
doesn't appear in the "Show original English" section, below:
About Me
am benjamin olaitan Owolabi married with four children self employed obtained B..A history and international studies Lagos state University .
My Business
my company was Tab international links limited we are into wood processing construction and small scale mining our business site are in Kwara state for wood processing and Niger state for gold mining we corporate office in Lagos state Nigeria
Loan Proposal
The loan will be use to pay for the truck that will transport our round lumps wood from depot in Kwara state to our clients in Ogun state. Some will be use to pay labourer that will load the truck part to pay government revenue . The proceed from the sale of wood will cover to pay the loan
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$904.00
Date disbursed
Jul 9, 2020
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$904.51
Amount remaining
$0.00
Date repaid
Sep 22, 2020
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 20, 2020 | $84.18 | Jul 17, 2020 | $84.18 |
| Jul 27, 2020 | $42.52 | Jul 26, 2020 | $42.52 |
| Aug 3, 2020 | $42.52 | Aug 3, 2020 | $42.52 |
| Aug 10, 2020 | $42.52 | Aug 8, 2020 | $42.52 |
| Aug 17, 2020 | $84.18 | Aug 15, 2020 | $84.18 |
| Aug 24, 2020 | $84.18 | Aug 23, 2020 | $84.18 |
| Aug 31, 2020 | $84.18 | Aug 30, 2020 | $84.18 |
| Sep 7, 2020 | $84.18 | Sep 7, 2020 | $84.18 |
| Sep 14, 2020 | $93.54 | Sep 12, 2020 | $93.54 |
| Sep 21, 2020 | $93.54 | Sep 20, 2020 | $93.54 |
| Sep 28, 2020 | $168.96 | Sep 22, 2020 | $168.96 |
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