Buying of sachet water and bottle water wholesale

Divine Iloghalum

Lagos, Nigeria

100% paid forward

Entrepreneur

Name

Divine Iloghalum

Member since

April 2021

On-time repayments

9 installments  •  11%

About Me

My name ia Divine Ebube iloghalum,im a native of nachi in udi LGA of Enugu state,in the east of Nigeria.Im the 3rd child,i have 3 siblings.My father is late,but my mum is with us.After my father's death,for lack of finance i had to dropout of school and started doing odd jobs in other to raise money to start up a business.And i thank God,i was able to save up,and start up this sachet water and bottle water business.

My Business

The sachet water and bottle water business is a great business here in Nigeria,because everybody needs to drink water.Though im not a manufacturer,though i hope to be someday,i buy directly from manufacturers in quantity who give me at a discount because im a distributor, i in turn sell to retailers and consumers.Its a very profitable venture,it has no season, no on peak or off peak, its just steady sales.my shop is situated at a very good location,in a bus terminal,so im able to supply to hawkers,retailers,and direct consumers.

Project Proposal

With this new loan,i will buy more sachet water and bottle water directly from companies,at a discount,with my bus that i newly bought,ill be able to make supplies and even sell directly to consumers and still make very good profit.And because i have my own bus,i can make bulk purchases,and save cost of transport,since ill be lifting it myself,which means more profit.

My Videos

May 15, 2021: Divine ebube iloghalum's video

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Project Info

Project Type

Pay It Forward

Disbursed amount

$122.81

Date disbursed

Jun 30, 2021

Cost to entrepreneur

Service fee: $6.17

Optional expediting fee: $12.35

Backers

CN

Craig Newmark

United States

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