Entrepreneur
Name
Adama
Member since
October 2014
On-time repayments
26 installments • 81%
About Me
My name is Millogo Adama. I was born on December 31 1986 in Molokadoum, in the Satiri village department, 50 km ca. from Bobo Dioulasso. Though raised in a family of farmers, I was lucky enough to have the chance to go to school at the age of 8. Everything went fine and I got my Primary School certificate. I then continued my studies at the Ouezzin Coulibaly secondary school in Bobo Dioulasso while staying at my uncle's home. There, I obtained my Secondary School certificate. I decided to leave my studies after the first class to go into business of gas retail.
My Business
The butane gas sector in Burkina Faso is regulated by the state. Laws define the roles of different actors involved in the supply chain, including importers, distributors and retailers.
Importation
The national Burkina Faso Hydrocarbons Company (SONABHY) has the monopoly over the import and storage of all liquid and gas hydrocarbons in Burkina Faso. Butane gas import is subsidized by the State. Prices are fixed by the Department of Trade, Industry and Craft.
Retail
The retailers are the actors at the end of the distribution circuit, and it is from them that consumers buy butane gas. Retailers sign exclusivity contracts with the distributors.
The distributors are also named marketers, and are also responsible for transferring the product from the storage stage to SONABHY for consumption. There are 4 distributors in Burkina Faso: SODIGAZ-APC, TOTAL, ORYX and PETROFA.
At the moment I'm bound to the distributor ORYX which delivers gas regularly. I pay 1600 francs for a 6 kg tank that I resell for 2000 francs. I pay 4600 francs for the 12 kg tank that I sell for 5000 francs. On average, I sell 15 tanks a day, 10 of the 6 kg tanks and 5 of the 12 kg tanks. Your support will facilitate the growth of my business.
Loan Proposal
The area of butane gas in Burkina Faso is governed by laws and regulations --other rules define the roles of the different actors involved in the various links in the chain that is the import, distribute, and the dealers.
The Import
This is the Burkinabe National Hydrocarbons Corporation (SONABHY) qui: has a monopoly on the import and storage of liquid and gaseous hydrocarbons all in Burkina Faso. Butane gas imports are subsidized by the Burkinabe state. To this end, different prices are set by order of the Ministry of Commerce, Industry and Handicrafts.
The distribution dealers resellers are the actors at the end of the chain distribution. It is from them that consumers buy butane gas. Dealers signed exclusive contracts with distributors. Distributors also known as marketers, are in charged of getting the product from the placement of storage SONABHY to the place of consumption. Distributors are 4 in number in Burkina Faso: Sodigaz-APC, TOTAL, and ORYX PETROFA Currently I am connected to the distributor who Delivers me ORYX Gas Regularly I take the bottle of 06 kg from my distributor to 1600 francs and sold 2,000 francs. The bottle of 12 kilo costing 4600 francs from my dealer and I resell to 5000 francs. Most days I sell on average 15 bottles Including 10 bottles of 6 kg and 05 bottles of 12 kilos. Your support will be very beneficial to me for the second time that I thrive in this activity.
About Me
My name is Millogo Adama, and I was born on 31 December 1986 in Molokadoum, in the department of Satiri village located about 50 km from Bobo Dioulasso. Coming from a farmer's family, I was lucky enough to leave school at the age of 8. I did not experience any difficulties until I obtained my Primary Study Certificate. I subsequently continued my high school studies with my uncle at Bobo Dioulasso at the Ouezzin Coulibaly High School and I obtained my Second Learning Certificate. I decided to drop the studies after the 1st class to dedicate myself in the trade precisely in the distribution of Gas.
My Business
he butane gas sector in Burkina Faso is governed by laws and other regulatory provisions, which define the roles of the various actors involved in the various links in the chain, namely import, distribution and resellers.
The Importation
It is the Burkina Faso National Hydrocarbons Corporation (SONABHY) which has a monopoly on the import and storage of all liquid and gaseous hydrocarbons in Burkina Faso. Imports of butane gas are subsidized by the Burkinabè State. To this end, the various prices are fixed by decree of the Ministry of Commerce, Industry and Handicrafts.
The distribution
Resellers
Resellers are the players located at the end of the distribution circuit. It is with them that consumers buy butane gas. Resellers sign exclusive contracts with distributors.
Distributors, also known as marketers, have the responsibility to transfer the product from its storage stage to SONABHY at the stage of consumption. There are four distributors in Burkina Faso: SODIGAZ-APC, TOTAL, ORYX and PETROFA
Currently I am connected to the distributor ORYX which delivers to me the gas regularly. I take the 6 kg bottle from my distributor at 1600 francs and resold 2000 francs.
The bottle of 12 kilos costs 4600 francs with my distributor and I resell it to 5000 francs.
In days I sell on average 15 bottles including 10 bottles of 6 kilos and 05 bottles of 12 kilos.
Your support will be very beneficial for me to prosper in this activity.
Loan Proposal
The area of butane gas in Burkina Faso is governed by laws and other regulations which define the roles of the different actors involved in the various links in the chain that is the import, distribution and the dealers.
The Import
This is the Burkinabe National Hydrocarbons Corporation (SONABHY), which has a monopoly on the import and storage of all liquid and gaseous hydrocarbons in Burkina Faso. Butane gas imports are subsidized by the Burkinabe state. To this end, different prices are set by order of the Ministry of Commerce, Industry and Handicrafts.
the distribution
dealers
Resellers are the actors at the end of the distribution chain. It is to them that consumers buy butane gas. Dealers signed with distributors exclusive contracts.
Distributors also known as marketers, are in charge of getting the product from the stage of storage SONABHY its stage of consumption. Distributors are 4 in number in Burkina Faso: Sodigaz-APC, TOTAL, and ORYX PETROFA
Currently I am connected to the distributor who delivers me ORYX gas regularly. I take the bottle of 06 kg from my distributor to 1600 francs and sold 2,000 francs.
The bottle of 12 kilo costing 4600 francs from my dealer and I resell to 5000 francs.
For days I sell on average 15 bottles including 10 bottles of 6 kg and 05 bottles of 12 kilos.
Your support will be very beneficial to me for the second time that I thrive in this activity.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$303.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Columbus, Oh, United States
Logan, United States
Yau Yat Chuen, Hong Kong
Lincoln, United States
Singapore, Singapore
South Bend, United States
Mountain View, United States
[email protected], United States
United States
Republic of Korea
Ask Adama a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$324.81
Amount remaining
$0.00
Date repaid
Oct 13, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 10, 2015 | $36.09 | Mar 10, 2015 | $36.06 |
| Apr 16, 2015 | $0.03 | ||
| Apr 10, 2015 | $36.09 | Apr 16, 2015 | $36.09 |
| May 10, 2015 | $36.09 | Apr 16, 2015 | $15.51 |
| May 11, 2015 | $20.57 | ||
| Jun 10, 2015 | $36.09 | May 11, 2015 | $31.06 |
| Jun 29, 2015 | $5.03 | ||
| Jul 10, 2015 | $36.09 | Jun 29, 2015 | $36.09 |
| Aug 10, 2015 | $36.09 | Jun 29, 2015 | $10.52 |
| Aug 12, 2015 | $25.57 | ||
| Sep 10, 2015 | $36.09 | Aug 12, 2015 | $36.09 |
| Oct 10, 2015 | $36.09 | Aug 12, 2015 | $7.18 |
| Oct 1, 2015 | $28.91 | ||
| Nov 10, 2015 | $36.10 | Oct 1, 2015 | $5.52 |
| Oct 13, 2015 | $30.58 | ||
Loading...