Buying 2 gas cylinders to increase my stock for my business

Dominic Korir

Kapsimbeiywo, Kenya

15% repaid

Entrepreneur

Name

Dominic Korir

Member since

July 2015

On-time repayments

234 installments  •  2%

About Me

Am a university undergraduate in kenya. I have been struggling up and down especially in my tertiary education because life has been tough when fending for my daily life..life has thought me a lesson which has really changed my thinking and become entrepreneur in dealing with household goods like utensils,gas cylinders, skyplast water tanks and cuttleries.. i have been moving my goods from house to house looking for a potential customers and special orders from my customers. Before i started my business i have been saving from my pocket money and other part time
activities that i had been engaging in..i saved a total of 10,000 kes and that enabled me to buy small households goods and selling through mobile shop. through the good customer interaction skills i have been having. i have been able to win the goodwill of many customers and every little profit i get is what i have been paying my fees and doing my personal shopping and the rest i have been able to expand my business. The culture of the society i have been is so friendly and it has been relatively good to promoting my business since most people preferred what is already available even if it was not their priority..people are so kind such that nobody would leave me without buying any item. thanks to them all. My hobby is travelling to new places and this has been enabling me to get new ideas and implement it in my business too.

My Business

My business is only dealing with household items like spoons, knives, cups, plates, sufurias, holders, gas cylinders, sky plast thanks and so forth. These items has been in demand and mostly needed in day to day lives, moreso when it is in a new brand or in different new brands.. I choose these kind of business simply because it doesn't need alot of capital and there are many potential customers moreso when you move from house to house, and tax is affordable. These businees is what is also friendly to me because i do itat my free time after classes and is more convinient .I have been intending to use my profits to expand my business and also to buy my personal shopping and also to use as rent as am renting my room that i stay while studying at the university.

Loan Proposal

I intend to use the loan awarded to buy 2 new gas cylinders to increase the stock i have for better profits after sell.The price of one gas cylinder is 40$. These cylinders will enable me raise more money to gather my needs. Also the community will benefit from affordable gas cylinders and free delivery to their homes from me.The profit i will gain from one cylinder i will sell is 500Kes which is equivalent to 5$.Gas cylinders are in high demand especially from a free delivery agent like me after buying. Providing me with the loan will help my business grow and his means good profit will be generated that will help me pay back the loan as well as gathering for my needs.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$124.40

Date disbursed

Aug 19, 2015

Repayment status

Late

Projected term

54 months

Cost to entrepreneur

Service fee: $5.17

Dominic opted to pay $24.91 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

B

blahblah

Nuernberg, Germany

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

N

Neveda

Flagstaff, United States

U

UTLonghorn

Lincoln, United States

2

2Samuel22

Clarksville, United States

colochef

Montevideo, Uruguay

ashleeandjeanelle

Auckland, New Zealand

K

kilanta

Jyväskylä, Finland

M

MACH1351CJ

HOMMELVIK, Norway

1staidgirl

Surrey, Canada

B

Britams

Amsterdam, Netherlands

claire.mcleland

Springfield, United States

P

Phoint

Zurich, Switzerland

N

Navigator

Alavus, Finland

numbat

Perth, Australia

larsandanika

Langen, Germany

K

Krish

Dubai, United Arab Emirates

KBW_Fundation

Winterthur, Switzerland

O

olliepalmer

London, United Kingdom

C

caldw142

Whanganui, New Zealand

S

Sclodfelter

Los Angeles, United States

Bill2073

Florida, United States

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

C

Colmena

Chicago, United States

DVM1417

Seaford, United States

Culli

Brooklyn, United States

J

jocke

Stockholm, United States

paulclinton

malaga, Spain

M

MichaelSmith

Dallas, United States

S

sarapho

Hawkestone, Canada

L

LongTallSallymander

Menomonee Falls, United States

D

DavidM

Cambridge, United Kingdom

J

Justicar007

Longueuil, Canada

S

ScottEastman

Green Bay, United States

A

anonalender

Hampshire, United Kingdom

S

saraef

Nottingham, United Kingdom

A

AndrewC

London, United Kingdom

G

gradient

KFAR SABA, Israel

I

idakaren

bonlez, Belgium

C

Carlos

Barcelona, Spain

S

Sreval

Manly, Australia

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

W

wilma95

napa, United States

V

VegaMansk

Woerden, Netherlands

Inspire

Calgary, Canada

N

NickLuder

London, United Kingdom

A

Adiuvo

United Kingdom

O

Ohio

Ohio, United States

W

WidoStar

Bad Karlshafen, Germany

T

ThereIsNoGod

Singapore, Singapore

R

rebtl

San Francisco, United States

A

andprosper

World Peace, United States

MarshFamilyUK

Canterbury, United Kingdom

T

thebonseung

Republic of Korea

Dave Bogard

New York, United States

BB

Ben Bellows

United States

JF

Jason Foti

United States

wissam

Jeddah, Saudi Arabia

Paul Buchheit

Mountain View, United States

Ask Dominic a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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