Buying palm-nut oil

Patience

Ajangbadi, Nigeria

100% repaid

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How it Works

Entrepreneur

Name

Patience

Member since

April 2021

On-time repayments

4 installments • 50%

About Me

My name is patience madukegbu,I'm from Amichi in Anambra state,east of Nigeria.Im a mother with 6 grown children.Im live with my husband,cos all my children are all grown and married.Im a Christian and I attend church regularly.im also a business woman,and I've been in business for more than 30 years.i live in Lagos.

My Business

I bring palmnut oil in gallons from the east and sell here in Lagos.Ive been in this business for more than 30 years now.I have a shop situated at the heart of the market,where I have a long list of customers who need the palm nut oil for cooking.Its an essential ingredient for cooking therefore I make great sales during the week and great profit.The palmnut oil from the east is a special one,so people actually love it cos it adds a special flavor to food,therefore this particular oil is in high demand.And so sales is always booming.

Loan Proposal

With this loan,I intend to increase my purchase of palm nut oil from the east,so as to have more to sell to my customers.Because my customers are growing in number,and I need to have more palm nut oil on ground in other to accommodate my customers.

Income Source

Palm nut oil is a very lucrative and ever yielding business.Because it is always in demand,the profits I get from my business will be used to pay the loan,as my customers seeing that I have added more gallons of oil to my business will troop to my shop to get more,in this way I'll be able to make more profit.