Loan to add more gas cylinders

Metrine

Babadogo, Kenya

100% repaid

Entrepreneur

Name

Metrine

Member since

April 2017

On-time repayments

160 installments  •  71%

About Me

I am Metrine chesoi psongoiyo,29 years of age. I come from a small village called Kapkurongo in Bungoma, western part of Kenya. i did my o level from Chwele girls high school after which joined Eldoret polytechnic college through sponsorship from a local leader from my county, this was as a result of my widowed mother failed to raised my college fees due her law income from her vegetables business. after college i started a small business of selling para fine around our village so as to help my siblings complete their studies, after a year i gathered some good money and moved to Nairobi the capital city of Kenya where i ventured to selling of gas cylinders . currently my business has been on the upper trend of making good profit. i look forward to educate my young siblings and my daughter with the profit from the business. Since i come from herders community where people believe on keeping cattle and value less on education and also practice FGM, my siblings and my child have had a negative feelings towards our culture and they look forward to get better education so that hey can be more meaning full in my home locality by educating the villagers to abandon the primitive culture like FGM which causes more harm to women. during my fee time i like reading motivational journals and a times move out to play basket ball

My Business

i have a gas cylinder shop where i sell and distribute gas cylinders within my estate where i live in, i do supply different sizes of gas cylinder containers ranging from pimagas, 6 kg gas cylinder and 13 kg gas cylinders. due to high demand of the gas cylinders within the locality where i carry out my business due to the nature of its clean, reliable and healthy as compared to use of para fine, i found this kind of business more sufficient and profitable.The typical cost of this business is money for refiling the gas , add more cylinders as well as buying the burners and grills which are popularly used by clients who depend on 6 kg gas cylinders . I use my revenues to pay for my bills, pay rent and save some for the future of my family and siblings.

I look forward to expand my business so that i be in a position of employing some good number of jobless youths to help on deliveries of my cooking gas containers a swell as sponsor one of the children home within my estate by supplying them with their basic needs.

The profit i get from my business help on paying my bills like electricity, house rent my children and siblings school fees as well as save some for future plans

Loan Proposal

Currently i have a lot of customers and the demand for gas has gone high. So i need some capital to buy more empty cylinders for my business.
I also need some money to employ someone to do home deliveries for the gases for me.

Money to buy 6 kg cylinder where one costs 10 dollrs

100 dollrs for 10 cylinders
10 dollars for the first salary for the person i will employ for home delivery

thanks for supporting my proposal

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Apr 20, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$26.93

Amount remaining

$0.00

Date repaid

Jun 2, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 30, 2017 $1.97 Apr 20, 2017 $1.97
May 7, 2017 $1.97 Apr 20, 2017 $1.97
May 14, 2017 $1.97 May 6, 2017 $1.97
May 21, 2017 $1.97 May 6, 2017 $1.97
May 28, 2017 $1.97 May 6, 2017 $1.97
Jun 4, 2017 $1.97 May 22, 2017 $1.97
Jun 11, 2017 $1.97 May 22, 2017 $1.97
Jun 18, 2017 $1.97 May 22, 2017 $1.97
Jun 25, 2017 $1.97 May 22, 2017 $1.97
Jul 2, 2017 $1.97 May 22, 2017 $1.97
Jul 9, 2017 $1.97 Jun 2, 2017 $1.97
Jul 16, 2017 $1.97 Jun 2, 2017 $1.97
Jul 23, 2017 $1.97 Jun 2, 2017 $1.97
Jul 30, 2017 $1.28 Jun 2, 2017 $1.28

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