Buying and selling of charcoal for cooking

Mariam Baya

Mombasa - Bombolulu, Kenya

53% repaid

Entrepreneur

Name

Mariam Baya

Member since

December 2014

On-time repayments

156 installments  •  53%

About Me

My name is Mariam Baya. I am married with four children namely Eddy, Dennis, Grace and Junior. I live with my family in Bombolulu estate which is a few minutes drive from Mombasa Town on your way to Kilifi/Malindi. My two sons, Eddy and Dennis are in college. My third born - Grace will be going to Form Three next year, while Junior is in nursery School.
My husband works in Kilifi with a Regional Development Agency and comes home over the weekends. He is very loving, caring and a hard worker. Grace would like to be a Journalist when she finishes school while Junior would like to be a Doctor.

My Business

Hi zidisha , i hope your doing fine, am really thankfull for your assistance, it did make a huge difference. God bless you all. This time around i realy want to expand my business and start buying charcoal for the purpose of selling in retail. Buying and selling of charcoal is a nice business and its profitable and it can sustain my day to day needs, and i would be selling in my neighborhood. Charcoal is in high demand due to the fact that alot of people around my place cannot afford advanced cooking methods like electric cookers or cooking gas. This charcoal that am intending to buy and sell, will cost 800 kshs per sack, and i can choose to sell in large scale or in small quantinties for home use, of which either way al make a profit of 500 kshs per sack. For example if i buy 1 sack and sell it whole, al sell it at 1300 kshs, which i will get 500 kshs of profit, so if i buy 10 sacks which will cost around 9000 kshs due to transportation and some other costs, after i sell all ten i can make around 4000 kshs , and that will take a period of 5 to 7 days. If you will assist me i will use the profits to help paying school fees for children and also continue expanding my business even further.

Loan Proposal

When i get the loan , i would start a charcoal business where by i will be buying sacks of charcoal and selling them in retail and wholesale. The charcoal per sack costs around 8 dollars, and i can sell at 13 dollars, making a profit of 5 dollars per sack. This investment will have a positive impact as it will help me cater for my family needs, especially my mother who is old and requires special extra care.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$359.39

Date disbursed

Nov 23, 2015

Repayment status

Late

Projected term

28 months

Cost to entrepreneur

Service fee: $14.92

Mariam opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

C

Christian

Saarbruecken, Germany

Elinor

Maple Lake, MN, United States

NhinSD

San Diego, United States

L

lenderfromquebec

Saint-raymond, Canada

Scott

Oregon, United States

sarasofia

Stockholm, Sweden

johnandmoliehi

Canton, New York, United States

G

graememoss

Amsterdam, Netherlands

SeeMeeFi

Ontario, Canada

A

Aman

Johannesburg, South Africa

G

glomardor

Leonardtown, United States

R

robandcasey

JOHNS ISLAND, United States

mtnsailor

Harrisonburg, United States

ads68

Melbourne, Australia

dhulsterwim

LIER, Belgium

C

CheapThrills

Liminka, Finland

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

Marod

Edmonton, Canada

G

greendave

Manchester, United Kingdom

K

kingcamo1095

Mountain Home, United States

stever

Cape Coral, United States

D

Dutch_lender

Leiderdorp, Netherlands

xtrahardware

Cazenovia, United States

B

Bernsjx

Montreal, Canada

B

BMcDermott

Washington, DC, United States

O

OrientExpress

Tokyo, Japan

M

mzhope

Harrisburg, United States

zZola

Gilford, United States

K

kristina19

United States

Z

zvrk2014

Brookline, MA, United States

Shemuel

New Jersey, United States

U

undertow

Zadar, Croatia

J

Jonas

Linköping, Sweden

J

JBane

Ireland

Bivouac

Hillsboro, United States

M

mevans24

United States

P

plhughes

United States

R

retzroff

United States

K

Kber9156

North Parramatta, Australia

C

condo86

United States

mepster

San Francisco, Ca, United States

T

tmarkus

Netherlands

B

bscent

Hong Kong

G

Gavin

New Zealand

M

Manley

Windermere, United States

M

Microfinance

United States

martinw

Stockholm, Sweden

D

ddm08

United States

ND

Nick DG

Exeter, United Kingdom

P

pnrjulius

United States

I

ipartola

United States

Kyle Hoback

Jersey City, NJ, United States

O

ORBP1

Germany

D

djlayton4

United States

Valeria Cremonesi

Casalpusterlengo, Italy

Roy

Espoo, Finland

D

Daman

United States

O

OBalA

Germany

R

RoyKaufman

United States

W

Wade

United States

H

Hakon

Drammen, Norway

G

Graham

United States

E

erica

antwerpen, Belgium

United States

BV

Ben Veal

United Kingdom

HN

Hai Nguyen

Switzerland

JM

John Myers

United States

T

Till

A small town in southwest of Germany., Germany

EB

Erica Brescia

United States

Caroline Cress

Seattle, WA, United States

BB

Ben Bellows

United States

Framework Eyewear

Utrecht, Netherlands

C

chryddi

United States

M

Mart

United Kingdom

Sarah and Dave

Toronto, Canada, Czech Republic

G

Grace

Australia

BS

Brad Syverson

United States

I

Irene

Switzerland

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Mariam a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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