Purchase of inventory for my phone charging business

Oluwaseun

Ota, Nigeria

100% repaid

Entrepreneur

Name

Oluwaseun

Member since

March 2019

On-time repayments

108 installments  •  69%

About Me

I am Oluwaseun Oluloro, a recent graduate from a Nigerian university.
Since I rounded up with the National Service (NYSC),

My Business

I was not able to make enough profit for the phone charging business. Though I got a new government job but the salary is not sustainable.
I have always have interest in product manufacturing.
Now, I will like to carry out some product formulation on transparent soap, no lye hair relaxer and shampoo to test run them for sale.
I will pick the cheapest product that I can also sell at affordable price so, I can easily recoup my profit.
My marketing strategy is to advertise online, sell at bus stops, streets and other densely populated areas.
Thank you.

Loan Proposal

I will use the loan to purchase inventory for my phone charging business that I want to start.
I will get a small table, a plastic chair, refuel the generator that will power the phones, fix some electric sockets and buy 10 pieces of phone chargers.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$70.00

Date disbursed

Mar 26, 2019

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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