More drums of kerosene for wholesale

Erasmus Ouma

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erasmus Ouma

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 buy 3- 200 litre(600 litres) drum of Kerosene @ $ 112 and sell @ $ 134 making a profit of $ 22 per 200 litre drum and with the increased demand I will be able sell around two such drums or one on a bad day to retailers.I will use part of the profit to pay for my sons education as well as support my family and add more stock of Kerosene drums for the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$285.77

Date disbursed

Jun 20, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $11.27

Lenders

Hope2012

United Kingdom

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

A

ashtanga99

Newport, United States

pbosakov

Sofia, Bulgaria

Annelogue

Faroe Islands

skoch

Oslo, Norway

ksevik

Oslo, Norway

dajawein

Gladstone, Australia

rioreiser

Ingolstadt, Germany

P

paxxap

Overland, United States

JimmyL

Tallahassee, FL, United States

captainhappy

Gladstone, Australia

Elaine123

Philadelphia, United States

JesseEXPRESS

Arlington, United States

B

Bouwina

Rotterdam, Netherlands

M

missjoyy

Munich, Germany

Gillis

Helsinki, Finland

K

kstringer8

Arlington, United States

T

Talex

Nürnberg, Germany

G

gustavalberius

Uppsala, Sweden

B

BartenKatrijn

Ghent 9000, Belgium

B

BTaylor

Colorado Springs, CO, United States

MadsNissen

Oslo, Norway

A

Adriano

Sittard, Netherlands

L

Loria

Vancouver, Canada

J

j12345

Durham, United States

W

William

Los Angeles, United States

W

wissu

Brüttisellen, Switzerland

Susansfund

Colorado Springs, United States

K

kloden

Chicago, United States

MicroFinancier

New York, United States

WDMCC

Peachtree City, GA, United States

D

Dschejwoulff

München, Germany

T

TerrenceM

Wollongong, Australia

IA

Ismini and Jerry

Stamford, USA, United States

J

JG2012

Brooklyn, United States

J

jzidi

Los Angeles, United States

J

JoJoHouse

New Castle, United States

S

Sabine

Courtenay, Canada

B

boourns

Newmarket, United Kingdom

clemenchiang

Singapore, Singapore

X

xdanny89x

Coventry, United Kingdom

M

mastodons

Chicago, United States

PipPipHooray

Brixton, United Kingdom

ShelbyDove

Los Angeles, United States

P

PhilACK

Brampton, Canada

T

thomashult

Bromma, Sweden

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

marzena2013

Washington DC, United States

OzKiwi

Brisbane, Australia

C

cczapp

Hilliard, United States

FirmlyRooted

Richmond, Virginia, United States

A

Aastra

Los Angeles, United States

G

GirlOfEarth

Earth, Finland

K

Kinger

Dublin, Ireland

S

snizlefoot

Edina, United States

A

Atlantia

Brisbane, Australia

L

loistf

Madrid, Spain

M

mrsdshomestead

ash fork, United States

danielytao

Boston, United States

L

Lotta

Tampere, Finland

B

BobJames

Toulouse, France

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

P

pellm

Ashland, United States

N

NoelC

Chelmsford, United Kingdom

B

BGRRisz

Arlington, United States

Echo

Wellington, New Zealand

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

W

WellingtonPFClass

Columbus, Oh, United States

Student

Oulu, Finland

worldcitizen

Kutztown, Pa, United States

D

Diane

Blue Hill, United States

H

hivervan

watou, Belgium

B

Bluejay

Magrath, Canada

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

C

cutebird2

Seattle, United States

J

jackieric

Folsom, CA, United States

L

lilbsedz

Raleigh, United States

C

Christina345

London, United Kingdom

HMS_5th_Grade

Honolulu, United States

K

KimonoAshArmor

Houston, United States

W

WesMan

Halifax, Canada

chadgibbs

Loveliest Village, United States

drstaples

Provo, UT, United States

F

FredBetty

San Antonio, United States

G

glh25

Winooski, United States

A

asmilligan17

Perryville, United States

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

Shamrock

Wicklow, Ireland

M

mrsfit

Surrey. BC, Canada

A

arwaandali

Ottawa, Canada

A

acolomitchi

Eynesbury, Australia

A

amish

San Francisco, United States

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

M

MACH1351CJ

HOMMELVIK, Norway

K

Krish

Dubai, United Arab Emirates

TraciV17

Indianapolis, United States

F

Fritzimax

Pacific City, United States

Hedwich

Gorssel, Netherlands

A

AndrewC

London, United Kingdom

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

N

NickLuder

London, United Kingdom

R

rebtl

San Francisco, United States

MarshFamilyUK

Canterbury, United Kingdom

N

nglogic

Warszawa, Poland

90803

Long Beach, United States

E

edgrr000

Dallas, United States

C

Catch22

The Colony, United States

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

Grant Xavier Storer

Seattle, Wa, United States

KM

Kirsty M

United Kingdom

M

Malte

Munich, Germany

Dave Bogard

New York, United States

MD

Miles Dodge

CORVALLIS, United States

The Bayiates Family

Chicago, IL, United States

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