Business of producing palm-kernel oil

Charles Ekwereike

Enugu, Nigeria

100% repaid

Entrepreneur

Name

Charles Ekwereike

Location

Enugu, Nigeria

On-time repayments

4 weekly installments  •  100%

About Me

My name is Ekwereike Charles Chukwunonso from the south eastern part of Nigeria. I am into agro allied business and farms.
My turn on include: probity, accountability and prudence.
My turn off include: lies, deceit and scam.
I heard about zidisha from a mentor and tutor at an entrepreneurship training I attended, his name is Dr Paul Ugwu. He said that zidisha helps business owners to boost their business and that is the reason why I signed up with zidisha. The high cost of goods is making it difficult for me to cope with the market again and that's why I need a support to find my feet again.

My Business

I deal with cracked palm kernel. I purchase it and then process it into oil which I sell to people in soap industry, vegetable oil production and so on. The chaff called PKC (palm kernel cake) is sold to poultry farmers. Owing to the capacity I do, I make at least #100,000 every month but I really desire to grow my business because of the increase in the cost of cracked kernel. Previously we buy at #18,000 a bag but recently a bag is at #25,000 making my purchasing power to reduce.

Loan Proposal

My business is capital intensive, I would use the money to boost my business in order to make more profits.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.44

Date disbursed

Aug 29, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $1.22

Optional expediting fee: $4.89

Other loans

Lenders

Cloudways

Malta, Malta

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