Commercialization of Gas Bottles
Adama
Bobo Dioulasso, Burkina Faso
$0 to go
100% funded of $575 goal
0
days left
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
Thank you to the honorable lenders who have supported me financially since my first loan. The different amounts I got from you allowed me to significantly improve my business.
I am very satisfied with my previous loan because the generated profits that allowed me to ensure not only that my younger brother has a total of 80,000 francs CFA for tuition fees, but also the profits allowed me to pay for a bike of 65000 CFA to allow him to travel the distance between home and school.
As for this new loan, in the amount of 342,094 CFA francs, I plan to invest in the purchase of gas bottles that I will return to my customers. This will allow me to perform very interesting profit margins between 4,500 francs and 5,000 francs per gas cylinder.
I have shown my ability to do good business with your support through loans. I appreciate your consideration in this current application.
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
Thank you honorable lenders have to agree with me financially since my first loan. The different amounts I got from you allowed me to significantly improve my business. Very satisfied with my previous loan, because the generated profits allowed me to "ensure tuition of my younger brother has a total of 80,000 francs CFA and paid a bike 65000 CFA to allow him to go to the school for the distance between home and school. As for this new loan in the amount of 342,094 CFA francs, I plan to invest in the purchase of a gas bottle twenties I replacerai to my customers while performing very interesting profit margins can this located between 4,500 francs and 5,000 francs a gas cylinder. Knowing that I will do good business with this loan, I beg you to believe in the expression of my distinguished feelings
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Loan Info
Project Type
Classic Loan
Amount requested
$575.00
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