Add stock to my charcoal business

Jane

Eldoret ,kamukunji Bondeni Estate, Kenya

9% repaid

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How it Works

Entrepreneur

Name

Jane

Member since

January 2015

On-time repayments

220 installments • 77%

About Me

My names are Jane Akoth, and I am 42 years old. I am single and a bit disabled. My home town is Kisumu, but for a period of 10 years now I have been residing in Eldoret Town. I have an O-Level certificate which I did sixteen years ago.

Due to disability I have never been married, but my disability is not inability. I have two children left to me by my late sister, but by grace of God I have managed to take them to school. The older one has already done O-levels, while the younger is still in primary school. Since I came to Eldoret, I have been doing business to support them.

My Business

The type of business which I am doing currently is buying and selling of charcoal and firewood on retail. The demand for the products is very high. The people who distribute to me normally do delivery at my door and then I pay them. My customers also usually come at my door post.

The demand for my products is normally very high during cold weather. Since the living standard of most of the people here is low, they can't afford to cook with electricity or gas. Thus, on a daily basis I normally make sales. However, due to lack of enough finances, having enough stock is a challenge.

My monthly cost of running the business is US Dollars $260, while the average gross profit before the expenses is usually approximately US Dollars $395. The following is how I normally use profits from the business:
- 30% School fees
- 50% Upkeep, i.e. food and rent
- 5% Savings
- 15% Supporting my aged mother

Loan Proposal

Thank you lenders for giving me an opportunity to get the credit from you.

Given funding, I will use my loan to increase stock of charcoal by 41 bags, each at $14 US dollars. I also will be in a position to stock enough and even sell at high profits, which will enable me pay back the loan without any difficulty.

God bless you -- I look forward to your wise and positive consideration.

Show original English

About Me

My names are Jane Akoth ,42 years old ,Iam single and a beat disabled .My home town is Kisumu but for a period of 10 years now I have been residing in Eldoret Town .I have an O Level certificate which I did sixteen years ago.Due to disability I have never been married ,but I disability is not inability I have two children left to me by my late sister but by grace of God I have managed to take them to school the older one has already done O level while the younger I still in primary school.Since I came in Eldoret I have been doing business to support them.

My Business

The type of business which Iam doing currently is buying and selling of charcoal and firewood on retail .The demand for the products is very high.The people who distribute to me normally do delivery at my door and then I pay them also my customers usually come at my door post.
The demand for my products normally is normally very high during cold weather although since the living standard of most of the people here they cant afford to cook with electricity or gas thus on daily basis I normally make sales. But due to lack of enough finances having enough stock is a challenge .
My monthly cost of running the business is US Dollars 260 while average Gross profit before the expenses is usually approximately US Dollars 395
The following is how I normally use profits from the business:-30% School fees,50% Up keep i.e food and rent,5% Savings and 15% I support my aged mother .