Purchase of grills and burners for gas supply business

Linus Obiero

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Linus Obiero

Member since

June 2017

On-time repayments

84 installments  •  96%

About Me

I was born and bred in Nyanza region, predominantly occupied by the luo culture, known to be pleasure loving and not business oriented. Fortunately, my parents are fairly entrepreneurial and they established businesses that while i was involved in running, gave me the opportunity to gain entrepreneurship skills.

Now I am married to one wife and have a young son.

I am a degree holder in Applied Statistics with IT and has been practising as a Data Officer in a local NGO until recently when I changed jobs. I now serve as a social worker at Oyugis Redeemed Gospel Church in a Compassion Internaltional Assisted project. I implement programs that are aimed at holistic child development among the poorest children in oyugis community.

I love to play piano keyboard and bass guitar, and this makes sunday my best day of the week, as I get serve with my skills during the worship service in my local church.

My Business

Thanks to Zidisha, I currently own a stable Liquid Petroleum Gas supply business, single handedly developed from previous loans. Current zidisha funded assets include 20 units of 6kg gas cylinders and lately, 7 units of 13kg cylinders. In addition, I own a motorcycle that I use to facilitate restocks and home deliveries.

Following a recent relocation to oyugis town due to change of jobs, I have since established another branch of the business in town(the one in the village maintained). Although there exists competition, I have an added advantage since I do doorstep delivery and have a measuring scale to verify weight of cylinders at the point of delivery. This strategy is working well and within just two months, my stock base is already being overwhelmed by the client base. I therefore seek to double my operating stock.

While every refill earns about $2 and outlet purchase $13, the two business centres on average yield a total of $120 per month. I am looking forward to employ a business assistant to help me cope with the growing business demand.

Loan Proposal

Dear Lender
Due to an increase in the number of outright gas sales that the business currently achieves, I wish to purchase 10 grills and 10 burners, each unit costing $2.5, and the total cost is $50.
This will go a long way to enable outright purchase clients to be served effectively. This will also improve revenue and profits for the business.
Thank you in advance for supporting this initiative.

Feedback

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  • Joost    Dec 2, 2018

    The loan was neatly repaid on time. Great status updates with photos!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$145.79

Date disbursed

Jan 26, 2019

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $6.14

Credit risk payment: $30.71

Lenders

Ren

Minneapolis/StPaul, United States

D

Dave

Dropmore, Manitoba, Canada

L

Lisa

United States

C

Camm

Australia

J

Jason

West Palm Beach, United States

Rosella

Australia

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