Business: Kerosine & Petrol
Location: Makutano, Kitale
Years in Operation: 4 years
Amount Needed: $ 1,200
Margaret is a business woman in Makutano, Kitale town located in western region of Kenya. She owns a small Gas station which serves the entire population in Makutano village. Electricity connectivity is very low in rural Kenya and Makutano is one of the regions which has no electricity supply. Many people within the region are forced to use Kerosene lamps to light up their homes at night. There is an insignificant number of people who have adopted clean energy such as solar and biogas for domestic use.
Makutano is an agricultural village where they grow maize in large scale; generally Kitale region is the main food basket of the country. The gas station comes in handy for people who own tractors used to plough land within the region and even for individuals in the transport industry in the region. The small gas station saves individuals who own tractors from having to travel for long distance to fuel hence the farmers are cushioned from high prices that would have been charged.
Margaret is seeking a loan of $1,200 in order to get a bigger underground tank for fuel storage. Currently, she is forced to refill the small tank weekly in order to meet her demand. With a bigger tank, Margaret will be able to save on transport cost since she will not have order for fuel every week. She will also benefit from trade discounts normally given to individuals who order many gallons hence this will increase her profit margin.
Margaret intends to acquire a digital fuel pump which is more efficient to enable her serve her customers quickly. She also intends to open a small shop which sells lubricants