Nylon bags

Tobenna Asomugha

Port Harcourt, Nigeria

100% repaid

Entrepreneur

Name

Tobenna Asomugha

Location

Port Harcourt, Nigeria

On-time repayments

91 weekly installments  •  84%

About Me

I grew up in Nnewi, Anambra state where I had my primary and secondary educations before going to study accounting at the University of Uyo.
I worked for Ibeto Cement and Eastern Bulkcem, Port Harcourt. The harsh economic situation in Nigeria made the company shut down. So stopping work abruptly, as difficult as it was made me rally funds to star toilet tissue production.
I'm currently a fish farmer.
People of Rivers state are very hospitable people to live with. Having a diverse culture and native language make them live together despite their differences.
My son will eventually grow up to become the chief executive officer of the establishment.
I like reading motivational journals, books and plays table tennis.

My Business

I am into fish farming. We grow fingerlings to table size catfish. And sell them as live or processed fish.
It costs about N1,000,000 to grow 700 fingerlings to table size catfish. Profits depend largely on how healthy and well fed the fishes are.
The profits are basically reinvested in stabilizing and growing the business. Little is used for home upkeeps.

Loan Proposal

I will use the loan to buy more nylon bags. The nylon bag is used to bag finished toilet tissue.
It gives us leverage to bag more products.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$191.39

Date disbursed

Apr 2, 2019

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $8.13

Credit risk payment: $32.51

Lenders

investor

Candiac, Canada

T

Tallago3

Munich, Germany

J

JakeA

Wellington, New Zealand

rodcul

Altea, Spain

Cloudways

Malta, Malta

IM

Isak Maaseide

Tromso, Norway, Norway

W

WinWinNL

The Hague, Netherlands

ibc123

Seattle, United States

T

tophini

Alma, United States

Mike and Jacqui

United Kingdom

J

Joanne

Switzerland

E

erica

antwerpen, Belgium

Kevin

San Francisco, United States

Carla

Amsterdam, Netherlands

Jennifer

United States

AS

Adam Sandland

United States

AC

Adri C

United States

L

Lisa

United States

CA

Chad Aboud

Toronto, Canada

R

Rafael

Switzerland

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