Name
Olumide
Member since
December 2018
On-time repayments
180 installments • 100%
I am a first degree holder of Obafemi Awolowo University Ile - Ife, and currently enrolled for a Master of Business Administration degree of the National Open University of Nigeria. I possess well over 11 years post NYSC business management experience having completed youth service in 2008. I was awarded a commendation letter for outstanding performance on behalf of the Gombe State Government, by my place of primary assignment in 2008. I have attended several Entrepreneurship trainings (both paid and free) including a 5-day YESP training sponsored by the Bank of Industry at the Lagos Business School in 2016. The Nigerian business environment, where I operate, though quite challenging, but at the same time very ineresting. Of the numerous challenges Entrepreneurs are facing in Nigeria, accessing affordable funding for business scaling and expansion stands out.
We are in the business of retailing cooking gas to both domestic as well as industrial users in our community. We also trade cooking gas cylinders and accessories. We hope to diversify into repairs and servicing of faulty gas stoves as well as training youths on refilling operations as well as repairs and servicing to empower the teeming unemployed youths in our community. The business currently operate from the ancient town of Badagry, Lagos State of Nigeria.
The loan will be deployed to acquire 2 numbers 50kg capacity cylinders to enhance our gas storage capacity by 100. This will enable us buy more quantity from our suppliers per time at a discounted price
Jan 24, 2021: Gas plaza video
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$109.00
Date disbursed
Apr 6, 2019
Repayment status
On Time
Projected term
5 weeks
Other loans
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Amount repaid
$109.84
Amount remaining
$0.00
Date repaid
May 2, 2019
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Apr 17, 2019 | $26.08 | Apr 17, 2019 | $26.08 |
Apr 24, 2019 | $26.36 | Apr 24, 2019 | $26.36 |
May 1, 2019 | $27.46 | May 1, 2019 | $27.46 |
May 8, 2019 | $27.46 | May 2, 2019 | $27.46 |
May 15, 2019 | $2.48 | May 2, 2019 | $2.48 |
Margaret Oct 1, 2019
Michael Thurm Jul 1, 2019
Anonymous Feb 20, 2019
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