Capital to purchase lpg gas cylinders

Entrepreneur

About Me

I was born in Karingari, Nembure sub location, Embu District, now Embu county on 6th January 1991. I am the last born in a family of three boys. I went to Nembure Primary School in my locality and later joined Kangaru School. Due to lack of school fees I was transferred to St Christopher mixed day Secondary School. In 2010, after high school moved to Nairobi where I first worked as a messenger for a real estate management company. After one year I joined hands with my cousin and opened a movie shop in fedha Estate. After some months of poor performance my business partner gave up and wanted the shop to be sold. I agreed to refund him the money he had spent in monthly installments. After several months of struggle I had cleared his debt. The business had already peaked but the worse happened, due to expansion of Outer ring road in Nairobi we were issued with a vacation notice and I had to transfer my business
After that I secured another business room in November 2012 and set up my business, this time round I had made some expansion. I had phone accessories and electronic good like sub woofers. A month later, on December 12th my shop was robbed off everything. This literally paralyzed me. I worked as a free lancer for some months then in 2013 April I started an electronic shop in tassia where I run up to date.
In the year 2016 I set up another business but it was vandalized during the post election demonstrations. Am currently working on another shop in Nairobi Cbd where am dealing with phone spares. Hope all goes well. Thank you.

My Business

I run an electronic shop based in tassia. I sell Phone accessories, bulbs, bulb holders,head phones, USB cables among other products. I also deal with electricals such as wall sockets, wall switches and wires.
So far i have acquired loan five times. With the first three loans i have been able to add more stock to the shop. I purchased sub woofers and DVD players. This has really boosted my monthly income by more than 60%,all thinks to the zidisha team.
I also started dealing with cooking gas cylinders courtesy of the forth loan of kes 43500 with i used to buy complete gas cylinders with gas and also constructed a lockable metallic grill cage for security and display purposes of the cooking gas cylinders.
With my previous loan, which was the fifth one I was able to purchase television sets and some other minor things.
The business is now performing well but I believe with even more stock and variety of products it can perform even better beyond expectations.The market around is favorable for such a business but enough capital is a major hindrance to development
The main costs involved are the licenses and the rent, the others are minor e.g electricity bill. The profit raised is used to cater for my basic needs, take care of my parents, help the needy where I can and use the rest to add some stock

Loan Proposal

After the recent slum upgrade project by the kenyan government, the illegal electricity connections have been disconnected and the houses upgraded hence the people are switching from using electricity for cooking to other means such as kerosene stoves, charcoal jikos and lpg cooking gas. Previously slum dwellers who are my main market used to get illegal power supply at very cheap monthly fee hence used it for cooking, but since the upgrade and introduction of prepaid meters use this has become impossible due to high electricity bills.
Am also highly inspired by the global goals and i fully support goal 8.DECENT WORK AND ECONOMIC GROWTH. With this job expansion i will be able to employ a jobless youth in my community and make a step towards the achievement of the global goals.
With this opportunity i would like to start supplying lpg cooking gas in my area.
Below is the quotation
¤Construction of a grilled metallic cage for displaying the cylinders will cost kshs 10000($100)
¤10 pieces 6kg lpg cylinders@2600 =kshs 26000($260)
¤60kg lpg gas @ksh 150 per kg =kshs 9000($90)
¤1 piece weighing scale @kshs 3000($30)
¤1 piece 5kg powder fire extinguisher @ kshs 5000($50). This is in line with safety requirements of the local government.

The amount adds to kshs 53000($530) but i have already set aside kshs 10000($100) fpr construction of the metallic cage, so i would like to be funded with the remaining ksh 43000($430)

If this project succeeds, it will not only make profits for but most importantly will save my fellow locals from spending too much on electricty bills hence they can be able to make a saving.

Looking forward to get positive feedback from lenders and the zidiaha team.

Thank you alot in advance

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