Enhancement to produce more of my ice block

Abraham

Abuja, Nigeria

100% repaid

Entrepreneur

Name

Abraham

Member since

November 2018

On-time repayments

6 installments  •  33%

About Me

My name is Abraham, a graduate of Business Administration and Management of University of Abuja. A loving husband and a father of 2 beautiful and intelligent daughters that are aspiring to become a medical doctor and a civil right lawyer.

I started my business as a side hustle when recession was hard on my country Nigeria, when my employers were owing staffs 6-7months in salaries and i was becoming a failed father to my daughters because, i couldnt pay their fees at the right time and also couldnt meet up with their basic needs. I had to look around and start with hat i had then. And here i am now.

My Business

My name is Abraham a supplier of ice/cold bags of pure water business and ice block supplier. I will like to get a loan to enhance my business for more output of cold pure water and daily production of ice block because the demand for ice block are high in my vicinity, due to lack of steady power supply in Nigeria but the quantity are few and are not enough to go round for buyers also due to power supply. But with more cash input i can easily buy a bigger diesel generator that can power all my refrigerators and cold rooms. Thank you

Loan Proposal

The benefits of this loan will increase my customers and will also increase my daily goods available for sale. The loan will be use mainly to buy more pure waters bags which cost $15 for 54 bags, PMS $7 for 18 liters. With this, i will make extra profit with this cash input especially at this festive period.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

Dec 22, 2018

Repayment status

On Time

Projected term

4 weeks

Lenders

Paul Buchheit

Mountain View, United States

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