Gas & cylinder inventories
James
Migori County Kokuro Village, Kenya
81% repaid
Entrepreneur
Name
James
Member since
August 2013
On-time repayments
84 installments • 75%
About Me
My names are James Ndolo Adera, I was born in 1983 in Migori County, Nyanza province, Awendo District, Rongo Division, Central Sakwa Location, Kombok Sub - Location, Kokuro Village. I went to Kokuro primary in 1989 - 1997, I joined Kanyawanga High School in 1998 - 2001 and I went to the College of Accountancy Ruraka Nairobi in 2004 - 2006. I am a married man with one wife Mrs Lucy Kagire and we have 2 sons.
I am employee of Transmara Sugar Company Ltd as Sales Accountant and same time A businessman.
My Business
I James Ndolo Adera I am Resident of Awndo Town, Currently working at Transmara Sugar Company Limited since June 2012 till to date as a Sales Accountant and also same time as Treasurer at Transmara Sugar Company Sacco Limited.
I James Adera, Again I am a Business man operating in Awendo Town. I have a one motorbike which operating between Awendo town and Rongo Town area and per day making a daily income of Kshs 400 after paying the operator and any other services required from Monday to Friday. I am also operating another business in Awendo Town whereby am selling new and Refills of gas cylinders, grills, burners, both 3kg, 6 kg and 13 kg. horse pipes, regulators and lanterns.
In this business I make a net of Kshs 1000 per day . There is a lot of demand for the cylinders due to extinguishing trees for making charcoal and fire wood. The business is still young due to little capital base but can do much better given access to enough capital. Currently averagely per day we sale four, 6kg cylinders and one 13kg cylinder per day and other gas products like grills, lanterns, burners, regulators giving us net as about Kshs 1000 as indicated above.
The business has got it risks as well, to accommodate many customers, we offer credit sales which are to be recovered by the end of every month. This , is not going well with us as some customers opt not to pay in time as agreed. This create a lot of risks of bad debts and additional costs of following up these bad debts. The business also, encounters competition from the local petrol stations which offer competitively lower prices due to their huge capitals base compared to my business which is still young and growing. The customers prefer my business as we offer free deliveries within the town, good customer service they get from my two workers who manage the business and the credit facility we offer to them.
Loan Proposal
Warm greeting to lenders and zidisha management team, for the support you have extend to me this far and am very much thankful to you all.
The last loan was used as per the budget and increased my sales a great deal.
There's currently an increased demand for the 13 kgs hence, my plan is to add more stock of the 13kgs cylinders.
I plan to buy 20pcs with the loan application.
Wholesale rate for the cylinder and gas is 6,500/ per pc--cylinder 3,700/- and refill 2,800/-
Below is my proposed budget once my loan is fully funded.
20pcs x6,500= Total in KES 130,000/- in USD 1,451.19
The balance of 3,400/- to cater for transport cost
Total KES 130,000+3400 = 134,783
Total $ 1,504.58
Regards
James
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,476.00
Date disbursed
Mar 18, 2015
Repayment status
Late
Projected term
9 months
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