Distributing clean LPG cooking fuel

Olumide Adebayo

Badagry, Nigeria

100% repaid

Entrepreneur

Name

Olumide Adebayo

Member since

December 2018

On-time repayments

175 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 acquire an LPG dispenser with this loan as this will enable us eliminate shortages associated with manual refilling. This will boost our profit by an estimated 25%

Income Source

Repaying this loan won't be an issue as LPG just like food is an essential commodity that is guaranteed to sell no matter the circumstances

My Videos

Jan 24, 2021: Gas plaza video

Feedback

3

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,100.00

Date disbursed

Oct 6, 2020

Repayment status

On Time

Projected term

4 months

Lenders

Daniel

Brussels, Belgium

C

CWS

Huntington beach, ca, United States

D

dkapplerb

Toronto, Canada

S

SydneySider

Sydney, Australia

M

minynlca

San Diego, United States

C

CanadianBiker

Peterborough, Canada

ErikN

Stockholm, Sweden

M

mushroom

Brussels, Belgium

A

anonymus

Moon, United States

johnandmoliehi

Canton, New York, United States

P

pmyadlowsky

Charlottesville, United States

Sundstroms

Falun, Sweden

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

M

mmcclu111

San Francisco, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

MillerClark

London, United Kingdom

Ingela

Falun, Sweden

E

erogers

Vancouver, Canada

nakamura

United States

8

8chrono8

London, United Kingdom

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

MichaelOsburg

Hochheim, Germany

ShaneS

Port Pirie, Australia

neocodesoftware

vancouver, Canada

paulclinton

malaga, Spain

T

ThereIsNoGod

Singapore, Singapore

B

BenHittle

Salem, United States

D

dj9812

United States

sderickson

Berkeley, CA, United States

A

adiipienaar

South Africa

M

maverick

United States

S

sarah4d2

Saint Louis, United States

chriseyre

Fremont, Ca, United States

B

bscent

Hong Kong

PolarBearCapital

United States

R

ross22

United States

S

Stephan

Netherlands

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

JD

Jo Dane

Melbourne, Australia

Kate Courteau

United States

D

dabatate

Saarbrücken, Saarland, Germany

JC

JD Conley

United States

I

Ian

United Kingdom

TH

tom hd

United Kingdom

F

Frits

Rotterdam, Netherlands

Mark Grey

Redding, CT, United States

N

Nick

United States

Aran Dunlop

United States

A

Andrei

United States

IH

Isaac Hileman

United States

Rory McLaughlin

Dallas, United States

Gabriel Fenili

Santo André, Brazil

R

Rahima

United States

Anonymous

Ocoee, United States

LK

Leslie Kelly

United States

MF

Mike Frawley

United States

Day Family

Melbourne, Australia

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

Jane

Ontario, Canada

Carrie

Arlington, MA, United States

Darren Jeppson

Denver, Colorado, United States

H

Haley

United States

FP

Fred Pratt

United States

dave2319

United Kingdom

Nick Studenski

Minneapolis, United States

C

Carol

Bayswater, WA, Australia

D

Dave

Canada

LT

Lisa Taylor

California, United States

M

Mika

Switzerland

KF

Kathy F

Memphis, TN, United States

Outi

Finland

Christine

Munich, Germany

GF

Gammon Family

United States

M

MaggieK

United States

R

Ru

New York, United States

V

Vic

Finland

S

Sebastian

Netherlands

N

Nikko

United States

LC

Laura Clause

United States

Black and White Zebra

Vancouver, Canada

K

Konstantin

Novosibirsk, Russia

SK

Susie Kyoo

United States

MM

McLane Muller

United States

C

Christopher

United Kingdom

JA

James and son

United States

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