Stock boosting

Fidel

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Fidel

Member since

June 2014

On-time repayments

51 installments • 71%

About Me

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

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.

Loan Proposal

- I already increased my stock to 12 more six Kilograms cylinders and three more 13 Kgs Cylinders and paid my license fees.
- I intend to increase the number to 35 so that i can afford to hire one person to be doing home to home deliveries and personalize the clients that i already have plus new ones.
-bLater on i will need a bike to do the milk runs. This i will need to triple my capital base.

Feedback

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Negative

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Loan Info

Project Type

Classic Loan

Disbursed amount

$142.00

Date disbursed

Apr 7, 2015

Repayment status

On Time

Projected term

6 weeks

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Fidel Oct 19, 2018

I lost all I had and am getting back on my feet. I would like to start clearing up my dues

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Charles Feb 12, 2016

I spoke to Fidel Over the Phone he will pay his weekly Loan Payment By next week.
Thank you

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Charles Dec 23, 2015

Dear lenders i called Fidel and he Promised to settle His Payments before Year Ends.
Thank you

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Fidel Oct 30, 2015

I heart fully thank you a lot for accepting my request. I will surely buy the cage and show you in my page. Thanks and be blessed

Regards

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Fidel Oct 21, 2015

I would like to purchase a grill to contain 30 Cylinders both 6 and 13 Kgs for security to avoid theft when am busy inthe shop. and on the increased earnings this will cost around 34,000

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Fidel Oct 14, 2015

This will really help despite the big chunk am being made to pay of Ksh 13,000

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Fidel Jun 22, 2015

Thanks alot as i have received funds.

Regards

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Fidel Jun 19, 2015

Thanks a lot. I intend to buy some 10 more 6kgs cylinders as it will help boos stock.
Thanks again.

Regards

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Fidel Apr 8, 2015

Greetings.
Cash well received and i will put it into good use so i can benefit all of us.

Kind regards.

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Fidel Mar 16, 2015

How comes my limit is not increasing?? Kindly reply.

Fidel

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- Roy Mar 16, 2015
  
  Fidel, This is not the place to ask such questions, as the people who can help you may not see it. Please send any questions you have to the team at [email protected].
  Regards,
  
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Fidel Mar 16, 2015

Greetings Friends. I have been able to purchase a new cage for the 6Kilogrames cylinders for my shop although sales have been low in the last three months due to financial issues facing customers. I have tried to invest in branding and more display and i intend to add more Six Kilograms cylinders which seems to be hot cake in Town. I will also be able to make Fliers to distribute to increase awareness of the shop.

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T
Thomas Jan 25, 2015

Good luck and stay safe ;)

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- Fidel Jan 25, 2015
  
  Hi Thomas.
  Thanks and have a great day.
  
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Fidel Jan 25, 2015

Happy new year. The loan application did a good impact in my life and i am now back again to yield better results following my ventures in increasing business sales and awareness previously done.
I now want to embark on seriously doing better this year by utilizing new funds wisely and increase my lending amount to increase my stock and eventually sales volumes and impact on other peoples lives and mine too.
Thru my new post photos new business will not go unnoticed.
The funds though little did help buy some three 6kgs cylinders which i hope to increase to 40 this first two quarters with the financial help i seek.

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Fidel Aug 27, 2014

Hi friends. Thanks for the loan, For now the amount i got for the loan is a motivation as i did some purchases, with more funds i will be able to buy more cylinders and that will be a real boost to impact properly. Thanks seemeefi, Thanks Jossy2011, Thanks Partners. Be blessed.

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Fidel Aug 3, 2014

Hi. i paid my first installment on time on 2/8/2014 and on my page its stll overdue. how is that??

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SeeMeeFi Jul 22, 2014

Hi Fidel,
I hope you are able to add the hotels and restaurants to your list of customers when you buy an extra gas cylinder! Best wishes with your business!

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- Fidel Jul 22, 2014
  
  Thanks dear. I will do that.
  
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jossy2011 Jul 22, 2014

Hey,
Am a newbies here,I have thrown a few dollars your way.I expect you to Rate me and recommend for a loan to me,
I trust you shall reciprocate the gesture when I list for my loan soon,
Best wishes!
Thanks

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- Fidel Jul 22, 2014
  
  Thanks and why not. Have a bright day Jossy.
  
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Fidel Jul 20, 2014

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