Entrepreneur
Name
Mathews
Member since
July 2013
On-time repayments
51 installments • 49%
About Me
My name is Mathews Bosire kerongo am married with Two kids,I was born in Keumbu kisii district in the year 1983,am the fifth member of Mzee kerongo family in eremo village omote.I schooled at eremo primary school and Giachere Friends secondary school the year 1996 and 2001 respectively ,where i proceeded to College at Mombasa polytechnic in 2003 and 2004,at the moment am employed in the insurance sector and i run a part time business of :
• Selling micro insurance to women and youth and less fortunate in the community
• free consultancy &Training on entrepreneurship and financial literacy to women and youth who are members
• Selling of cereals, cooking floor, soap, cooking oil, toilet paper at highly discounted prices to members.
I started this business in Nairobi in the year 2013,This came about when i realized its potential and more especially skills enhancements to the young women and unemployed youth also to bridge gap of additional income to my family and creation of employment to the youth.
The business will expand in future to include sale of Cooking LPG gas,kerosene and accessories to the low income neighborhood.
My Business
BUSINESS FACTS
Legal status business The business is legally registered
Formally registered ONEKEY CAPITAL SERVICES
Banking the business operates a bank account
Year of establishment 2013
SALE OF :KEROSENE AND CEREALS
Loan Proposal
stock
40 litres of kerosene @ 75 ks per litre=3,000
-equipments owned:1 PC (200 L) drum
-Drum pump
PROBLEM STATEMENT
People usually walk very far to get this precious commodity;kerosene.The nearest shops sale at a very high cost,making life more difficult for poor families.
TARGET MARKET
Village neighborhood of a population of over 20,000 people most of them depending on kerosene for their daily energy.
EXPECTED PROFIT
I will be selling the kerosene at an average of ks 85 PER liter making a profit of KS 10 per litre
MANAGER :I will be involved in selling in the evening and morning hours
SALES PROJECTIONS:
the demand is most likely to be overwhelming and tonnes of Liters to be sold considering the number population and usage is high,since most people depend on the product
FUTURE EXPANSIONS
in future am expecting to employ more people and add new line of products like cooking Gas cylinders, and accessories
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Nov 25, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Duisburg, Germany
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