Equipment purchase

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 deploy loan into acquiring new equipment that will enable us expand our business operations

My Videos

Jan 24, 2021: Gas plaza video

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,000.00

Date disbursed

Feb 20, 2020

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: 5% of $1,000.00 = $42.47

Credit risk payment: $212.34

Optional expediting fee: $42.47

Lenders

J

JulCam

Montreal, Canada

DavidHS

United Kingdom

C

camo1243

United States

Dayton

Vancouver, Canada

PB

Pamela Barge

United States

SM

Sachet Marion

United States

johannes

Taipei, Taiwan

K

KH

United Kingdom

E

Elle

New York, United States

Rick

United States

CS

Chas Schlaack

United States

K

Kirsty

Netherlands

P

Petr

Brno, The Czech Republic, Czech Republic

DP

Doug Pennock

United States

MM

Matyas Matyas

Budapest, Romania

JM

Jane Mattoon

United States

AH

Amy Hammond

United States

E

El

United States

emilio

Sestri Levante, Italy

Bart Vogelzang

Ladysmith BC, Canada

JA

Joe and Deb Rinella

Kansas City Metro, United States

James

London, United Kingdom

SA

Shar Alamdari

Los Angeles, United States

PW

Peter Wang

United States

Peggy Evans Wise

Memphis, TN, United States

Noemi L Dado

Manila, Philippines, Philippines

Raymond Murphy

Carson Valley, NV, United States

E

Elizabeth

United States

QH

Qasim Halai

United States

EW

Eli Weiss

United States

J

jeananne

United States

G

Gary

United States

KG

Kate Goodwin

United States

SP

Stephanie P

United States

J

Jon

United States

Stuart

London, United Kingdom

A

Auguste

Switzerland

RE

Richard Ellis

United Kingdom

Brooke Cain

Madrid, Spain, Spain

L

Lucy

Australia

Andreas

Black Forest, Germany

J

jan

United States

Lulu

Germany

K

kara

United States

JS

Josh Smift

United States

F

Frank

United States

Martin Kraus

Traiskirchen, Austria

Romesh Fernndo

Perth, Australia, Australia

S

Suzannah

New York City, United States

Craig Travis Provyn

Bradenton, Florida, United States

M

Marama

Australia

Paul Buchheit

Mountain View, 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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