Expanding kerosene business

Erasmus

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erasmus

Member since

December 2014

On-time repayments

32 installments  •  81%

About Me

I grew up in Musoma Village in Busia County Western –Kenya.I went to the village primary school before proceeding to a high in the same county of Busia.I joined Kenya Poly in 1992 to September 1995 for Business Administration course, I then joined Trade Winds Aviation Services and worked as a clerk for 17 years before I ventured into business. I started Kerosene business in 2012 and learning that close to 70 % of the people leaving in Kayole where I leave were using the product as their form of energy, the venture had ready market. I would walk on foot going to and from college a distance of 12 kilometres for three years to attend classes.

My Business

I sell Kerosene to the people living in Kayole,the area has a population of almost 200,000 people and 70 percent of the households use Kerosene for cooking and their only form of energy. The product is ever on demand because people eat daily with the consumption increasing when schools are closed and all children are the house, they have to eat breakfast, lunch, evening tea for some families and supper in the evening.
My business has grown and I am currently selling Kerosene to retailers in 200 litre drums which I buy @ $ 112 and sell @ $ 143 making a profit of $ 22 per drum sold besides the 1 litre and even 1/2 litre I sell to customers from poor background
1- litre of Kerosene cost $ 0.56 and when sold @ $ 0.67 making a profit of $ 0.11 per litre as well. The consumption is averagely 200 litres per day but with selling of drums ,it is likely to rise.

Loan Proposal

The loan will be enough to purchase around 60 litres. The consumption is averagely 150 litres per day, meaning we will be buying and selling the Kerosene on a daily basis bringing a profit of around $8 daily .The profits will be used to purchase more Kerosene to help serve the ever increasing demand.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 4, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

McJulio

New Jersey, United States

P

PeterDG

United Kingdom

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

Please log in to comment.

  • Erasmus    Jul 5, 2022

    I will buy kerosene fuel for resale.
    The money will help me in expanding the business and improving the stocks. Thanks for considering my applications.

    Log in to reply • Share
  • Ruth    Jun 24, 2022

    Hi Erasmus. I wish you in your endeavour

    Log in to reply • Share
  • Doug Henderson    Jun 22, 2022

    Erasmus
    Good luck with the kerosine. Sounds like there is a good market for it, so glad you are expanding in that area.

    Log in to reply • Share
  • Erasmus    Mar 27, 2021

    Before I took that loan,I was using manual machine for dispensing of fuel. After getting a loan and making profits now I use digital one which I bought from the profit I got from that loan.

    Log in to reply • Share
  • Erasmus    Aug 21, 2015

    Dear lenders I thank you for supporting my business,I couldnot be where I am if not for your support.

    Log in to reply • Share
  • Elijah    Jul 14, 2015

    Wonderful Erastus,

    Glad you were funded and so happy you are repaying well.

    Wish you well in your business.

    Log in to reply • Share
  • Erasmus    Jun 19, 2015

    Thank you friends for making it happen,I am so happy to receive my loan and as usual I will not let my lenders down.

    Log in to reply • Share
  • Erasmus    Jun 18, 2015

    Hi lenders we have three days to go ,kindly make it happen before it expires again.

    Log in to reply • Share
  • Erasmus    Jun 16, 2015

    Thank you hope for increasing ,guys make it happen

    Log in to reply • Share
  • Erasmus    Jun 16, 2015

    Thank you lenders for making it 21% that first,invite friends to make it happen.

    Log in to reply • Share
  • Miles Dodge    Jun 15, 2015

    Hello Erasmus, I think you have a promising business, keep your head up!

    Thank your friend Charles; he mentioned your loan to me.

    Log in to reply • Share
    • Erasmus    Jun 16, 2015

      Thank you miles ,charles is a great friend e does a noble work in our community and I support him.Thanks again for funding me.

      Log in to reply • Share
    • Hope2012    Jun 16, 2015

      Me too, charles sent me here, all the best

      Log in to reply • Share
  • Erasmus    May 22, 2015

    Dear lenders kindly assist me get my loan ,I have never let you down and will never let you down

    Log in to reply • Share
  • Erasmus    May 11, 2015

    I am happy to have completed my first two loans and hope my lenders will not let me down.The two loans loans have increased my incomes and I have to improve more and more.

    Log in to reply • Share
  • Erasmus    Feb 28, 2015

    Thank guys for funding my loan I will be able to increase my stock immediately ,be blessed.

    Log in to reply • Share
  • Erasmus    Jan 4, 2015

    Thank you guys for funding my loan that first,I will keep you updated.

    Log in to reply • Share
  • Erasmus    Jan 3, 2015

    Dear friends I am asking for your support on this project as soon as possible.

    Log in to reply • Share


Loading...

Loading...

Loading...