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.
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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
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