Business expansion selling cooking gas

Olumide Adebayo

Badagry, Nigeria

100% repaid

Entrepreneur

Name

Olumide Adebayo

Location

Badagry, Nigeria

On-time repayments

112 weekly installments  •  100%

About Me

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.

My Business

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.

Loan Proposal

We intend to go full scale into sales of cylinders and Accessories and also increase our capacity for bulk gas purchase to enable us quality for discounts from suppliers

Income Source

As we have been doing regarding previous loans, we will conveniently repay this new loan moreso that we are delving full scale into another aspect of the business. This enables us to have multiple sources or repayment income

My Videos

Jan 24, 2021: Gas plaza video

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,364.11

Date disbursed

Jan 29, 2021

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: 5% of $1,364.11 = $66.22

Credit risk payment: $264.87

Lenders

C

Christian

Saarbruecken, Germany

R

Raabo

Rungsted, Denmark

HI

Highly Improbable

Saskatoon, Canada

investor

Candiac, Canada

cyrus0302

San Francisco, United States

COOPITALIST

Toronto, Canada

A

aterashva

London, United Kingdom

DeanDropshot

Oslo, Norway

C

cgrumboski

Atlanta, United States

Honey

Sydney, Australia

Kjartan

Oslo, Norway

T

Tszach

Tucson, United States

F

FHult

Stockholm, Sweden

Martin

Manama, Bahrain

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

M

MichaelCausey

Camarillo, Ca, United States

Tavin

Ottawa, Canada

B

Bavarian

Bavaria, Germany

Sundstroms

Falun, Sweden

KM

British Columbia, Canada, Canada

D

Divergent

Bethesda, United States

W

wordelsue

MIDWEST, United States

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

A

aiban

Austin, United States

lorello

Vicopisano, Italy

braccino

Settimo Milanese MI, Italy

M

MorganBlue

United States

peanut

Halifax, Canada

A

Aaron

Zurich, Switzerland

P

Peksa

Espoo, Finland

Maxey

Amstelveen, Netherlands

A

Andy

Berlin, United States

davidt

San Francisco, United States

GH

Gav H

Langley, Canada

Bobrm2k3

Charleston, United States

B

BassFamily

Tremonton, United States

J

Johannes

Pirmasens, Germany

P

prehders

Hamburg, Germany

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

G

Goldrivermob

Gold River, Canada

numbat

Perth, Australia

M

Moonknight

Østre Gausdal, Norway

K

Krishroff

Dubai, United Arab Emirates

paulclinton

malaga, Spain

W

WinWinNL

The Hague, Netherlands

A

AndrewC

London, United Kingdom

M

mmisoo

Nova Dubnica, Slovakia

gseletko

South Perth, Australia

JFais

Atlanta, United States

JonB

London, United Kingdom

H

Habroukema

Austin, United States

E

eniid

Stockholm, Sweden

ibc123

Seattle, United States

somuchjackson

Boston, United States

markpearson

Portsmouth, United Kingdom

E

E

Marin county, United States

Freewolf

Salt Lake City, United States

D

dcb1987

Chicago, United States

C

ColoradoEmac

United States

J

jenda

Czech Republic

poorinvest

Sandefjord, Norway

B

bugdaniel

Switzerland

K

Kber9156

North Parramatta, Australia

mepster

San Francisco, Ca, United States

R

RonEddy

United States

M

Medagan

San Franciso, United States

K

kennychit

United States

K

Kebrenagast

New York, United States

P

pnrjulius

United States

Mike and Jacqui

United Kingdom

Jansa

Oulu, Finland

Eduardo

Sorocaba, Brazil

J

Joe

New York, United States

S

Sven

Netherlands

Matthias

Frankfurt Am Main, Germany

Robert

Sweden

R

Robert

Berlin, Germany

MD

Miles Dodge

CORVALLIS, United States

W

Wade

United States

PP

Pasi Paajanen

Helsinki, Finland

Dayton

Vancouver, Canada

Craig

Memphis, TN, United States

Richard

Shrewsbury, United Kingdom

moursund

Beaver Nation, United States

M

mohamed

South Africa

Z

zaroastra

somewhere over the rainbow, Portugal

RH

Rebecca Hahn

Halle, Germany

BB

Ben Bellows

United States

F

Frits

Rotterdam, Netherlands

Isabella

UK, United Kingdom

E

eriklonnroth

United Kingdom

Eszti

Budapest, Hungary

Paul Smithson

Leeds, United Kingdom

Surya Setiyaputra

Sydney, Australia

P

Peter

Bratislava, Slovakia

DM

Dimitri Malarme

Brussels, Belgium, Belgium

R

Ryan

United States

MT

Marco Tietz

United States

Rory McLaughlin

Dallas, United States

N

Nathan

Australia

PC

Pedro Cambra

United Kingdom

Anonymous

Ocoee, United States

GG

Gituru Gitumbi

Seattle, United States

RC

Rudi Chen

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

SA

Shar Alamdari

Los Angeles, United States

S

Suzannah

New York City, United States

M

Marama

Australia

R

Ryan

Albuquerque, NM, United States

Ellen

Michigan, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Sebastian

Australia

R

RMIM

United States

Martha Fleury

Bethesda, MD, United States

P

Peter

United States

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

Jane

Ontario, Canada

Keith Chan

Toronto, Canada

S

Sarah

Arlington, United States

A

Alex

United States

RF

Ruth FT

Manchester, United Kingdom

BN

Brian Neilon

United States

Sean Richards

Wilmette, United States

Nethanel Kohen

NYC, United States

daniel

maryborough, Australia

AB

Ashira Blazer

United States

A

Anonymous

United States

H

Hayley

Australia

MC

Melissa Corrigan

Richmond, California, United States

C

Corran

United Kingdom

Thereze Ovid

Brooklyn, New York, United States

Ronald

Dättwil, Switzerland

Darren Jeppson

Denver, Colorado, United States

DH

Don Hammond

United States

H

Haley

United States

Mai Phuong Nguyen

Nashville, United States

A

Alex

United States

PB

Powered by me

European Union, Netherlands

RD

Roel De Meester

Antwerpen, Belgium

LM

Lee Montecucco

Washington State, United States

AM

Andy Marston

United Kingdom

E

EJOBIV

United States

Brian Thomson

Lyndoch, South Australia, Australia

Nick Studenski

Minneapolis, United States

Remo

Switzerland

B

Ben

United States

We Not Me

St. Paul, Minnesota, United States

AR

Axel Ratzer

Neuss, Germany

EA

Eric Ayers

Atlanta, United States

ND

Nick DiCesare

Denver, CO, United States

Peter Collins

Darmstadt, Germany

P

PatrickZisha

United States

C

Camm

Australia

MA

Maggie and M

United Kingdom

Andrew

United States

RS

Ralph Smyth

United Kingdom

GF

Gammon Family

United States

NB

Nikolaus Bührer

Karlsruhe, Germany

EW

Eric West

United States

VV

Vicky Vics

United Kingdom

BW

Belinda Wang

United States

Kevin Kong

San Francisco, CA, United States

KL

Kerry Lane

United States

AN

Alex N

Australia

J

John

Germany

J

Julie

Denmark

MC

Mike Cormack

Vancouver, Canada

S

sarah

Germany

S

Sarah

Manor, TX, United States

Nadine

Fremantle, Australia

JI

James Innes

United Kingdom

CG

Chris Greene

Birmingham, AL, United States

E

Emanuele

Genoa, Italy

Brian Herrmann

Chicago, United States

T

Timo

Germany

B

Bharat

Princeton, United States

Ask Olumide a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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