Purchase and refill 13kg LPG gas cylinder

Eric

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

April 2020

On-time repayments

25 installments  •  72%

About Me

Am Eric,a young enterprenuer from the Eastern region of kenya,Meru.In my family we were born in four,two sons and two daughters.Am the firstborn and the other three are students.Two daughters are in highschool and a boy is in class eight.Am an iligitimate child,my mum has gathered her effort to support our education system.I graduated last year on December from University and i managed to support my mum in supporting the education of my younger brother as mum is struggling to get in touch with education system of the two sisters.Upto to now they often depend on me interms of food.And i hope we shall move on well despite covid 19 epidemic.

My Business

While i was in university,i could see and even experience other colleague students struggling in cooking sector.Some used charcoal of which is expensive and consuming.From the experience i managed to borrow some capital from my friend to start a business of selling gas cookers and refueling gas cylinders.From where the students hostels is located,i was a far distance to go and refuel or purchase a gas cylinder.So i started selling gas cylinder and refueling them from the shop i rented near the university gate.Now its been a year and am growing on well since i rented a better and bigger shop from around.Students gave me support and i paid the capital i borrowed of $200 within four months.I started with 4,six kg cylinders and two stands.And for now it has moved a step forwad having 14 six kg cylinders,
7 fourteen kg cylinders,
Several gas cylinder stands and
several gas burners.
Each 6 kg gas cylinder costs $8 when refueling and $45 when buying, stand included.
Each 14 kg gas cylinder costs $21 when refueling and $75 when buying.
A stand costs $4.0 and a burner cost $1.5 and best quality $4.0
I wish to buy more cylinders this time.

Loan Proposal

Deaf lenders,i would like to request this loan purposefully to buy a 13 kg lpg gas cylinder and refill @ $71.This will attract hotels around thus increasing the clients.It will also make the profit thus pulling me nearer to my monthly target of $300

Income Source

Things are gettinv good since some varios parts were set free from lockdown and am even connectinv with some big hotel ready for the supply of the lpg gas.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$68.00

Date disbursed

Sep 22, 2020

Repayment status

On Time

Projected term

2 weeks

Lenders

L

ldron7

Utah, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

A

AndrewC

London, United Kingdom

ibc123

Seattle, United States

mikeice

Kohler, United States

M

Marko

Helsinki, Finland

S

Stephan

Netherlands

Dave Bogard

New York, United States

ME

Manaal Eisa

Washington DC, United States

Aran Dunlop

United States

Gabriel Fenili

Santo André, Brazil

D

Dalton

San Francisco, United States

DW

Dan Winetsky

United States

Carrie

Arlington, MA, United States

AM

Andy Marston

United Kingdom

Peter Collins

Darmstadt, Germany

R

Roman

Germany

RS

Ralph Smyth

United Kingdom

CL

Caleb Liu

United States

Black and White Zebra

Vancouver, Canada

SK

Susie Kyoo

United States

EJ

Ewan Jones

Bristol, United Kingdom

A

Anonymous

United States

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