Raw material

Tobenna Asomugha

Port Harcourt, Nigeria

100% repaid



Tobenna Asomugha

Member since

December 2018

On-time repayments

103 installments  •  76%

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

The loan will augment in the purchase of core papers used in toilet tissue production.
This loan can get us up to 5 bundles (60pcs a bundle) of core paper which is about $2.78 per bundle.
It will actually increase the output of tissue and create more market for us.
It will have little impact on profit which will be about N400.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Dec 10, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.61

Credit risk payment: $1.82


Paul Buchheit

Mountain View, United States

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