To refill gas cylinders to supply to my customers

Entrepreneur

About Me

Am a middle aged man brought up in family of six children. I went to Athambu primary school at the age of four years where I did my K.C.P.E. certificate. Later on I joined Muthara high school in my rural area where I did my O level. After that I joined Kenya polytechnic university and college class 2009. In march 2009 I met this lady who since 2004 was my first girl friend and later on she became my wife.
In the year 2010 Dec we were blessed with a bouncing baby boy. By then after completing my mechanical engineering course at Kenya poly, I got a job as a bus manager on the department of mechanical which operates along thika super highway, from githurai to town. That is when I told my wife because I have a job I good for her to do a course of her choice , of which she selected an ICT course of which I was the one who was paying for it. A t the same time I was paying paying my little sisters school fees. She was A.T.C course at VISION INSTUTE COLLEGGE Nairobi campus, currently she is at level six of the course she is undertaking.
After my wife complete the course of ICT she decided to take another course of hiv counseling and testing. That is when she came in Kinangop for attachment. A s a family we decided to relocate to Kinangop, together with my wife and our son. Before we were living in Nairobi. And I resigned for a manager job. The little savings I had in my account I used to start a business of which is doing very well as we talk. And also my sister whom I was educating got an accountant job at ALLIANCE RELIATORS in Nairobi. For my wife is a clerk at EPZ Nairobi. GLORY BE TO GOD.

My Business

The reason why am going to beat my competitors is because my customers say my competitors are arrogant to them. Also my competitors are very few in the town and also the region. Some of my customers come from a bit far from other small towns that is why am planning also to open another outlet.
The other reason is that my shop is located in a very prime area, surrounded by home steads and most of them are rental houses and they use LPGS for cooking that is an opportunity to me because most of my customers are ladies.
The risk my business is facing right now is that my customers may escape due to lack of gas due to high demand am having a shortage of cylinders and thats why am appealing for your loan. That why am looking for a loan to boost my business.
The reason I know very well my business going to pay back the loan because of the sales I make per day. I make at least 10000kshs or even more when there is job, and not less than 7000kshs a day when the job is not good.
The sale of two thousands a day when job is good half of it is profit.
In a month I use 4000Kshs in basic needs, such as food. And 6000kshs for house rent monthly for both where I resides and business premises
I will be paying the loan after two weeks from the sales I have made.

Loan Proposal

Dear lenders, as i have posted earlier in my profile, the previous loans have helped me a lot such as MY business had grown and came up with an idea of selling and refilling of gas cylinders but i still need you. If you lend me the money i will use the money to add more electronics i had purchased with the previous loans and savings i had. Due to high demand within the area. I believe the loan will help me a lot because i have been selling gas cylinders without gas and my customers have been asking me to start refilling because my gas cylinders are cheaper comparing with other gas suppliers within the area. I feel i also have a passion on that field. A kg of gas is costing about 1.5 dollars and sell at 3 dollars per kg, that means a 6kg cylinder is refilled with 9 dollars and sold at 18 dollars and will be managing to sell at least 18kgs a day. and an empty 6kgs gas cylinder is costing me about 32 dollars and sell it at 47 dollars, my competitors are selling at 55 dollars per empty 6kg gas cylinder. So that's makes me very confident that i will be repaying the loan very comfortably. Thank you very much. Regards, JOSHUA MWITI MERINGO

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