Buying and selling of charcoal for cooking
Mariam
Mombasa - Bombolulu, Kenya
53% repaid
Entrepreneur
Name
Mariam
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$359.00
Date disbursed
Nov 23, 2015
Repayment status
Late
Projected term
28 months
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