Kerosene fuel business

Erasmus Ouma

Nairobi, Kenya

Pending borrower confirmation
Fully funded

$0 to go

100% funded of $105 goal

0

days left

Entrepreneur

Name

Erasmus Ouma

Member since

December 2014

On-time repayments

28 installments  •  89%

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.

Project Proposal

In kenya and the world,we have three aspects that has made life so expensive. We have had coroner, Rasia invasion to Ukraine and the lastly the government of Kenya stoping it's citizens from cutting down trees. Due to Rasia invasion into Ukraine the life has come to be so expensive because in one way or another we we relying on the imports and exports. The invasion have lead to inserficient supplies in cooking gas. Thus people choosing to use the available commodity for cooking. Now that the government has put restrictions in deforestation... there is no enough charcoal for cooking thus people considering using kerosene. Other than the world conservation authority does not recommend kerosene to be used in cooking but people have been left without choice.with that am determined to move stocks.

Feedback

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Project Info

Project Type

Pay It Forward

Amount requested

$105.00

Cost to entrepreneur

Service fee: $12.62

Backers

Ruth James

Nairobi, Kenya

Teresa Nyokabi

Nairobi, Kenya

Francis Muigai

Thangari, Kenya

JK

John Kibii

Nyeri, Kenya

Esther Loveth

Lagos, Nigeria

Doug Henderson

Odessa, United States

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