Introducing gas cylinders to my household goods shop

Joseph

Embakasi/pipeline, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

March 2013

On-time repayments

298 installments  •  39%

About Me

I was born in 1985 in Kiambu County.I started my primary education in the year 1992 at Kanyore primary School up to year 1999.In the year 2000,i joined Mukuyu Secondary school up to year 2004.In 2005,i joined Thika Technical training Institute where i studied Certificate in Mechanical Engineering.I joined Jua Kali sector in 2008 up to the year 2010.I left Jua Kali sector in 2011 and started a small kiosk from the loan i took from Kambaa Commercial Agencies and the savings i had.I am happily married and blessed with a 1 year old lovely daughter.

My Business

My shop consists of household goods and foodstuffs ie;flour,rice,cooking fat,sugar,beverages (soda,juices)soaps and detergents etc.My neighborhood is growing very fast,and there are no many shops around therefore making the demand of some goods very high.Most customers prefer my kiosk since its always open and the prices are affordable therefore making it difficult for me to satisfy their needs.When approved,your loan will help me to add more stock and be able to serve my customers needs while making more profit.

Loan Proposal

Dear lenders; once again i thank you all for the great job that you are doing, i must also let you know that the last loan you offered played a very big roll in my business.my shop is doing very well though not to the level i would want am hopeful am heading there,As i once told you,my shop shop is located in a developing area and therefore some commodities have not reached here yet.from my observations almost 70% households use gas in their cooking,and given the fact there are no gas re fillers nearby people walk for quit a distance to find it.if granted i will use the money to purchase five 6kgs gas cylinders at acost of 150 usd two 13kgs at 75usd then 85 usd to refill the cylinders.i hope to make a good profit since one cylinder earns around 3usd profit.my target is to refill 3-5 cylinders per day.thank you very much.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$334.00

Date disbursed

Apr 3, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Paul Buchheit

Mountain View, United States

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