Butane-Gas Business / Environmental Preservation
Adama
Bobo Dioulasso, Burkina Faso
100% repaid
Entrepreneur
Name
Adama
Member since
October 2014
On-time repayments
26 installments • 81%
About Me
My name is Millogo Adama. I was born on December 31 1986 in Molokadoum, in the Satiri village department, 50 km ca. from Bobo Dioulasso. Though raised in a family of farmers, I was lucky enough to have the chance to go to school at the age of 8. Everything went fine and I got my Primary School certificate. I then continued my studies at the Ouezzin Coulibaly secondary school in Bobo Dioulasso while staying at my uncle's home. There, I obtained my Secondary School certificate. I decided to leave my studies after the first class to go into business of gas retail.
My Business
The butane gas sector in Burkina Faso is regulated by the state. Laws define the roles of different actors involved in the supply chain, including importers, distributors and retailers.
Importation
The national Burkina Faso Hydrocarbons Company (SONABHY) has the monopoly over the import and storage of all liquid and gas hydrocarbons in Burkina Faso. Butane gas import is subsidized by the State. Prices are fixed by the Department of Trade, Industry and Craft.
Retail
The retailers are the actors at the end of the distribution circuit, and it is from them that consumers buy butane gas. Retailers sign exclusivity contracts with the distributors.
The distributors are also named marketers, and are also responsible for transferring the product from the storage stage to SONABHY for consumption. There are 4 distributors in Burkina Faso: SODIGAZ-APC, TOTAL, ORYX and PETROFA.
At the moment I'm bound to the distributor ORYX which delivers gas regularly. I pay 1600 francs for a 6 kg tank that I resell for 2000 francs. I pay 4600 francs for the 12 kg tank that I sell for 5000 francs. On average, I sell 15 tanks a day, 10 of the 6 kg tanks and 5 of the 12 kg tanks. Your support will facilitate the growth of my business.
Loan Proposal
It is a great honor for me to seek a third time a loan of 563.93 dollars in order to strengthen my ability in the field of gas. This butane gas sector in Burkina Faso is governed by laws and other regulations, which define the roles of the different actors involved in the various links that are chained to the importation, distribution and the dealers.
I am currently connected ORYX distributor to give myself the gas regularly. I buy a bottle of 06 kilograms of gas from my distributor to 2.78 US dollars and sells to my customers to $ 3.48 USD .
The bottle of 12 kg is 8 dollars USD with my dealer and I resell USD 8.70 dollars.
For days I sell on average 15 bottles including 10 bottles of 6 kg and 05 bottles of 12 kg .
I earn profits that allow me to make me not only supported but also to support my little brothers are still very young and educated .
Your support will be very beneficial so that I thrive in this activity. Thank you from the heart.
About Me
My name is Millogo Adama, and I was born on 31 December 1986 in Molokadoum, in the department of Satiri village located about 50 km from Bobo Dioulasso. Coming from a farmer's family, I was lucky enough to leave school at the age of 8. I did not experience any difficulties until I obtained my Primary Study Certificate. I subsequently continued my high school studies with my uncle at Bobo Dioulasso at the Ouezzin Coulibaly High School and I obtained my Second Learning Certificate. I decided to drop the studies after the 1st class to dedicate myself in the trade precisely in the distribution of Gas.
My Business
he butane gas sector in Burkina Faso is governed by laws and other regulatory provisions, which define the roles of the various actors involved in the various links in the chain, namely import, distribution and resellers.
The Importation
It is the Burkina Faso National Hydrocarbons Corporation (SONABHY) which has a monopoly on the import and storage of all liquid and gaseous hydrocarbons in Burkina Faso. Imports of butane gas are subsidized by the Burkinabè State. To this end, the various prices are fixed by decree of the Ministry of Commerce, Industry and Handicrafts.
The distribution
Resellers
Resellers are the players located at the end of the distribution circuit. It is with them that consumers buy butane gas. Resellers sign exclusive contracts with distributors.
Distributors, also known as marketers, have the responsibility to transfer the product from its storage stage to SONABHY at the stage of consumption. There are four distributors in Burkina Faso: SODIGAZ-APC, TOTAL, ORYX and PETROFA
Currently I am connected to the distributor ORYX which delivers to me the gas regularly. I take the 6 kg bottle from my distributor at 1600 francs and resold 2000 francs.
The bottle of 12 kilos costs 4600 francs with my distributor and I resell it to 5000 francs.
In days I sell on average 15 bottles including 10 bottles of 6 kilos and 05 bottles of 12 kilos.
Your support will be very beneficial for me to prosper in this activity.
Loan Proposal
C'est un très grand honneur pour moi de solliciter une troisième fois un prêt de 563,93 dollars dans but de renforcer ma capacité dans le domaine du Gaz. Ce secteur du gaz butane au Burkina Faso est régi par des lois et autres dispositions réglementaires, lesquelles définissent les rôles des différents acteurs impliqués dans les différents maillons de la chaîné que sont l’importation, la distribution et celui des revendeurs.
Actuellement je suis relié au distributeur ORYX qui me livre le gaz régulièrement. J’achète la bouteille de 06 kilogrammes de gaz auprès de mon distributeur à 2,78 dollars USD et revend auprès de ma clientèle à 3,48 dollars USD.
La bouteille de 12 kilogramme coûte 8 dollars USD auprès de mon distributeur et je le revends à 8,70 dollars USD.
Par jours je vends en moyenne 15 bouteilles dont 10 bouteilles de 6 kilogrammes et 05 bouteilles de 12 kilogrammes.
Je gagne des bénéfices qui me permettent de me prendre non seulement en charge mais également de soutenir mes petits frères qui sont encore très jeune et scolarisés.
Votre appui me sera très bénéfique afin que je prospère dans cette activité. Je vous remercie du fond du cœur.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$567.00
Date disbursed
Nov 11, 2015
Repayment status
On Time
Projected term
17 months
Other loans
Lenders
United States
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