Environmentally friendly cooking gas sales

Phelix Ogola

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Phelix Ogola

Member since

June 2014

On-time repayments

55 installments  •  58%

About Me

I am a Kenyan citizen and born again Christian and married with one son.
I currently stay in Nairobi County, Nairobi East lands in Kayole Estate to be precise.
I studied Diploma in Business Management and graduated in the year 2008 after which I worked with several companies and later started my own business that deals with supplying of Gas Cylinders and Kerosene which I have managed until today. I started this business due to the fact that in developing countries there are limited job opportunities and I wanted to expand my knowledge and skills and as well bring these services to my native people. I love making new friends in my free time and socializing, exchanging business ideas. Business has brought about uncountable life changes in the society and I believe that given opportunity with enough financial power I could make the people around me benefit.

My Business

Providing both supplying of different Gas and Kerosene to my customers became my priority after several innovations in this field of study and business. People do need these services on daily basis that why I realize this business can take me to another level. Now I would wish to expand my business and improve my sales and that’s the main reason I seek for this loan. Things have been stagnant for quite too long. I am looking forward to expanding my business to new locations. I also want to provide more improved modes of supplying the Gas to their residential places to better and satisfy my client's needs. I believe that with the necessary assistance, I will can go higher and higher. I’m in need of 1149 Dollars which I will use to purchase simpler and most necessary gas cylinders .Apart from that I have partnered with a friend of mine we also offer DSTV installation service to several organizations within the Nairobi city and in Upcountry. This business has made me realize my dream to an extent and I believe that offered this loan, my business will experience a positive development change. I therefore seek for potential lenders to help acquire this loan.

Loan Proposal

I will use the loan to purchase four gas cylinders and fill them with gas then sell to my customers.By doing this my business will expand and this will result to increase of my monthly profit income by around USD47.I will use this profit to add more stock on fuel(parrafin).Am requesting lenders to help me because currently I don't have enough fund to add my stock.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.33

Date disbursed

Jul 9, 2014

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $150.33 at 8.54% annual rate over 4 months = $4.44

Service fee: $1.86

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