Distributing clean cooking fuel

Olumide Adebayo

Badagry, Nigeria

5% repaid

Entrepreneur

Name

Olumide Adebayo

Location

Badagry, Nigeria

On-time repayments

101 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

This new loan will be deployed essentially to acquire a new gas tank and associated accessories for further expansion of our business lines

My Videos

Jan 24, 2021: Gas plaza video

Feedback

3

None

None



Loading...

Lenders

Babbitt Family Foundation

Sioux Falls, SD, United States

Paul Buchheit

Mountain View, United States

DB

David Breen

United States

GR

Gabe Radovsky

United States

M

MarkAndMary

Seattle, United States

Loan Info

Disbursed amount

$1,456.80

Date disbursed

Jul 8, 2021

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: 5% of $1,456.80 = $72.84

Optional expediting fee: $291.36

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

Loading...

Loading...

Payments Forward

Amount returned to the platform for this project

Pay It Forward Projects funded by Olumide

$0 (0 Projects)

Projects funded by Olumide's Pay It Forward recipients

$0 (0 Projects)