Fidel
Nairobi, Kenya
100% repaid
Name
Fidel
Member since
June 2014
On-time repayments
51 installments • 71%
I am a 34 years old family man, father of two.I am still working in a gas sales and distribution company located in Nairobi and its environs. I am mainly involved in entrepreneurship whereby I identify potential distributors and after they follow all the required process, they are approved by the company and I install the gas vending machine.
They normally fare very well financially and have inspired me to start my own. I have therefore set my own and its now faring very well.
My business is all about selling cooking gas whereby I have a vending machine located at a strategic residential area. I am specialized in the "pima" gas whereby I sell the cooking gas in smaller quantities depending on the customers request. I normally get the product at a relatively better price since I have the privilege working in the same company.
I therefore wish to expand my business by decorating the shop and putting an advertising banner on top of the roof to attract customers within the vicinity.and add more stocks to boost my revenue.
I am adding pressure lamps to add to the variety and make good sales in the light of power outages as demand requires.
Mine for now is simple as my customers do really appreciate the added value i do offer them in terms of free gas delivery to their doorsteps and the convenience of time that i do value.
Majority of my customers buy in small quantity and so it will be prudent to supply what guarantees quick cash return. so i intend to invest in One 6Kgs cylinder that will cost me USD 29 per cylinder when empty.
So i intend to purchase 5 of them at USD 145.35 as this is one of the fastest moving products as it will ensure quick returns.
Eventually i will move to the 13ksg cylinders as i continue to grow financially.
Regards
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Sep 11, 2014
Repayment status
On Time
Projected term
7 weeks
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