Fuel/gas cost-saver project

Shem

Nairobi, Lavington, Kenya

24% repaid

Entrepreneur

Name

Shem

Member since

May 2016

On-time repayments

135 installments  •  7%

About Me

My name is Shem Evans Kagane. I am a Kenyan, born in 1989 in Nairobi. My parents were typical Kenyans working from 5-9 daily.My dad as the breadwinner of the family was working in the Kenya defence Forces as a soldier at Embakasi barracks in Nairobi . As a dedicated worker he always tried to make ends meet. I am a first born in a family of 2, since i have a younger brother. I started primary school in Embakasi garrison primary school, from baby class to class 2. Then went to St. Nicholas primary school along Ngong road in Nairobi, from class 3 to class 7. I then graduated in Donholm catholic primary school with an average grade of 358 marks. During this time my family were able to become entrepreneurs and by 2002 we moved out of the army barracks to an average neighborhood in Embakasi. I attended high school at Brookshine school , Kangundo road from 2005- 2006, then joined Turkish light academy from 2006 to 2008 where i took my I.G.C.S.E CAMBRIDGE exams. At the same time i love playing soccer which i did in high school and represented my school at national level. I graduated with an average grade of C. After high school i went direct into the business world at the age of 17yrs, and started my direct sales business with as little as 36 dollars in inventory. Without any skills but with a hungry mindset to learn from my mentors. I came to the realization that i had to develop my mind personally for my business to grow, and that's what i did. This enabled me to grow steadily and by the time i was 22 yrs of age i was earning cash flow of between 800- 1000 dollars monthly from my direct sales business. In 2013 my business took a downturn since the products i was selling flooded the market and competitors started selling at really lower prices, so i started searching for the right product to deliver to Kenyans.

My Business

Currently, i earn my living working with a security company, and i sell coffee directly to my customers. It has been a fantastic experience. Recently i came across a product that i have deeply researched and i am concrete sure that this time i will help millions of people starting small to save their money, especially what they spend on fuel and gas. The product is a fuel additive,it is a powerfully concentrated fuel additive that has been shown to save money on gas expenses by 15%-30% at the pump.This product has been proven to enhance gas mileage and the overall performance of your engine.
Works in any engine. From lawn mowers, to minivans, to large trucks and equipment. For 20 years it has been used by large companies all over the world to reduce fuel costs and save money on engine maintenance.Until today this product has only been used in large industry and has only been sold in bulk quantities. Now, this time tested commercial product is now available for use in vehicles.
It is designed to accomplish several functions:
1) Increase life of engine
2) Increases fuel economy
3) Increase horsepower and performance
4) Reduces harmful emissions
5) Keeps your engine clean & removes harmful carbon deposits
6) Lubricates pistons, pumps, and injectors
7) Prevents and reverses sludge build-up
8) Prevents rust and corrosion in the fuel system
9) Helps keep water out of your fuel
10) Stabilizes stored fuel (for years)
My cost to buy the inventory will cost me 37,500ksh but i have been able to raise 12,000ksh so the zidisha loan will help in topping up my inventory. I will use my profits to reinvest back into my business since i have a vision to raise my capital with zidisha to 1,000,000ksh before the end of this year. I believe its possible.

Loan Proposal

Recently i came across a product that i have deeply researched and i am concrete sure that this time i will help millions of people in my country, save their budget when it comes to their fuel costs. The product is a fuel additive,it is a powerfully concentrated fuel additive that has been shown to save money on gas expenses by 15%-30% at the pump.This product has been proven to enhance gas mileage and the overall performance of your engine.
Works in any engine. From lawn mowers, to minivans, to large trucks and equipment. For 20 years it has been used by large companies all over the world to reduce fuel costs and save money on engine maintenance.Until today this product has only been used in large industry and has only been sold in bulk quantities. Now, this time tested commercial product is now available for use in vehicles.
It is designed to accomplish several functions:
1) Increase life of engine
2) Increases fuel economy
3) Increase horsepower and performance
4) Reduces harmful emissions
5) Keeps your engine clean & removes harmful carbon deposits
6) Lubricates pistons, pumps, and injectors
7) Prevents and reverses sludge build-up
8) Prevents rust and corrosion in the fuel system
9) Helps keep water out of your fuel
10) Stabilizes stored fuel (for years)
I have been comissioned as the independent distributor in my country kenya.My cost to buy the inventory will cost me 37,500ksh but i have been able to raise 12,000ksh so the zidisha loan will help in topping up my inventory. I will use my profits to reinvest back into my business, and also employ sales reps which will enable me to expand my operations nationally, since i have a vision to raise my capital with zidisha to 1,000,000ksh before the end of this year. I believe its possible and i will do it. Am looking foward to working with zidisha and in future participate in the zidisha mentorship programme as a motivational speaker and coach. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

May 11, 2016

Repayment status

Late

Projected term

31 months

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$75.65

Amount remaining

$239.35

Expected completion

Dec 13, 2018

Status

Repaying late

Installment amount

$2.02

Repayment History

Expected Payments Actual Payments
May 19, 2016 $5.04 May 19, 2016 $5.04
May 26, 2016 $5.04 May 26, 2016 $5.04
Jun 2, 2016 $5.04 Jun 2, 2016 $5.04
Jun 9, 2016 $5.04 Jun 13, 2016 $5.04
Jun 16, 2016 $5.04 Jun 13, 2016 $5.04
Jun 23, 2016 $5.04 Jul 1, 2016 $5.04
Jun 30, 2016 $5.04 Jul 1, 2016 $5.04
Jul 7, 2016 $5.04 Jul 28, 2016 $5.04
Jul 14, 2016 $5.04 Jul 28, 2016 $5.04
Jul 21, 2016 $5.04 Aug 28, 2016 $5.04
Jul 28, 2016 $5.04 Aug 28, 2016 $5.04
Aug 4, 2016 $5.04 Aug 28, 2016 $5.04
Aug 11, 2016 $5.04 Aug 28, 2016 $5.04
Aug 18, 2016 $5.04 Aug 28, 2016 $5.04
Aug 25, 2016 $5.04 Aug 28, 2016 $5.04
Sep 1, 2016 $0.00
Sep 8, 2016 $2.02
Sep 15, 2016 $2.02
Sep 22, 2016 $2.02
Sep 29, 2016 $2.02
Oct 6, 2016 $2.02
Oct 13, 2016 $2.02
Oct 20, 2016 $2.02
Oct 27, 2016 $2.02
Nov 3, 2016 $2.02
Nov 10, 2016 $2.02
Nov 17, 2016 $2.02
Nov 24, 2016 $2.02
Dec 1, 2016 $2.02
Dec 8, 2016 $2.02
Dec 15, 2016 $2.02
Dec 22, 2016 $2.02
Dec 29, 2016 $2.02
Jan 5, 2017 $2.02
Jan 12, 2017 $2.02
Jan 19, 2017 $2.02
Jan 26, 2017 $2.02
Feb 2, 2017 $2.02
Feb 9, 2017 $2.02
Feb 16, 2017 $2.02
Feb 23, 2017 $2.02
Mar 2, 2017 $2.02
Mar 9, 2017 $2.02
Mar 16, 2017 $2.02
Mar 23, 2017 $2.02
Mar 30, 2017 $2.02
Apr 6, 2017 $2.02
Apr 13, 2017 $2.02
Apr 20, 2017 $2.02
Apr 27, 2017 $2.02
May 4, 2017 $2.02
May 11, 2017 $2.02
May 18, 2017 $2.02
May 25, 2017 $2.02
Jun 1, 2017 $2.02
Jun 8, 2017 $2.02
Jun 15, 2017 $2.02
Jun 22, 2017 $2.02
Jun 29, 2017 $2.02
Jul 6, 2017 $2.02
Jul 13, 2017 $2.02
Jul 20, 2017 $2.02
Jul 27, 2017 $2.02
Aug 3, 2017 $2.02
Aug 10, 2017 $2.02
Aug 17, 2017 $2.02
Aug 24, 2017 $2.02
Aug 31, 2017 $2.02
Sep 7, 2017 $2.02
Sep 14, 2017 $2.02
Sep 21, 2017 $2.02
Sep 28, 2017 $2.02
Oct 5, 2017 $2.02
Oct 12, 2017 $2.02
Oct 19, 2017 $2.02
Oct 26, 2017 $2.02
Nov 2, 2017 $2.02
Nov 9, 2017 $2.02
Nov 16, 2017 $2.02
Nov 23, 2017 $2.02
Nov 30, 2017 $2.02
Dec 7, 2017 $2.02
Dec 14, 2017 $2.02
Dec 21, 2017 $2.02
Dec 28, 2017 $2.02
Jan 4, 2018 $2.02
Jan 11, 2018 $2.02
Jan 18, 2018 $2.02
Jan 25, 2018 $2.02
Feb 1, 2018 $2.02
Feb 8, 2018 $2.02
Feb 15, 2018 $2.02
Feb 22, 2018 $2.02
Mar 1, 2018 $2.02
Mar 8, 2018 $2.02
Mar 15, 2018 $2.02
Mar 22, 2018 $2.02
Mar 29, 2018 $2.02
Apr 5, 2018 $2.02
Apr 12, 2018 $2.02
Apr 19, 2018 $2.02
Apr 26, 2018 $2.02
May 3, 2018 $2.02
May 10, 2018 $2.02
May 17, 2018 $2.02
May 24, 2018 $2.02
May 31, 2018 $2.02
Jun 7, 2018 $2.02
Jun 14, 2018 $2.02
Jun 21, 2018 $2.02
Jun 28, 2018 $2.02
Jul 5, 2018 $2.02
Jul 12, 2018 $2.02
Jul 19, 2018 $2.02
Jul 26, 2018 $2.02
Aug 2, 2018 $2.02
Aug 9, 2018 $2.02
Aug 16, 2018 $2.02
Aug 23, 2018 $2.02
Aug 30, 2018 $2.02
Sep 6, 2018 $2.02
Sep 13, 2018 $2.02
Sep 20, 2018 $2.02
Sep 27, 2018 $2.02
Oct 4, 2018 $2.02
Oct 11, 2018 $2.02
Oct 18, 2018 $2.02
Oct 25, 2018 $2.02
Nov 1, 2018 $2.02
Nov 8, 2018 $2.02
Nov 15, 2018 $2.02
Nov 22, 2018 $2.02
Nov 29, 2018 $2.02
Dec 6, 2018 $2.02
Dec 13, 2018 $1.32

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