Inventory of Charcoal

Beryl Otieno

Utawala M.c Shopping Center, Kenya

100% repaid

Entrepreneur

Name

Beryl Otieno

Location

On-time repayments

80 weekly installments  •  100%

About Me

I am Married with 2 children one of 18years and the other one is 9 years. I have work for several companies before making decision to start my own business three years ago. I started with selling clothes but the business did not do well because of low demand. I started selling charcoal which is fast moving commodity in my are where by everybody uses it as a source of energy for cooking and warming during cool weather. The business is good during winter when this product is on high demand due to the cold weather.Besides am always involved in community projects with widow and orphans.widows are required to form a group of ten members,come up with the constitution,and bylaw that would use to govern their group,after that they are registered with the government under Ministry of Gender and Social services,which can allow them access government funds like Uwezo[meaning am capable] and women fund,which attracts lower interest rates as opposed to other mainstream Banks,apart from that ,they meet once a week ,each contributes a dollar,the total is loaned to one member ,who is expected to go and restock her vegetable kiosk,earn a little profit,then return the money after a fortnight with a 5%interest,this has gone along way in improving their financial skills as well as believing in themselves.Most of these widows have been sent away by their in-laws after loosing their husbands,which prompted them to resort to unconventional ways of putting food on the table like prostitution,their future plans include enrolling in government technical Training centers which trains short courses on Hair dressing,Bead work[making very nice earrings an necklaces,purse,and flower vase]pottery,and Tailoring,this courses are far cheaper in government facilities,but this will always be their wishful thinking unless society shows goodwill and pays for this courses.The orphans have also been rehabilitated back to school through government Bursary,instead of doing drugs on the street,they are only allowed to make money through Garbage collection during weekend where every household is expected to pay 1 dollar for every collection,this goes along way in helping them buy food and a bit of clothing.Am a firm believer of giving back to society in whatever way however little,because at the end of the day ,i will have made a difference in someone's life.

My Business

My business is that of selling charcoal to the local villagers I started in the year 2010.the current operating capital is Ksh 25,000 and make a gross profit of KSH 30000 and after paying for all my expenses I remain with a net profit of ksh 7000 which I use for my family needs. I want to increase my capital by at list twice to maximize the business premises space which is currently under utilized.It has a capacity of 100bags of charcoal which I think through Zidisha funding I will be able to meet my goals of stocking 100bags with any given time.I operate this charcoal store about 500m from where i live,my clients are mainly neighbors,church members,and family friends.they are about 3 other charcoal stores,but am a firm believer of business competition,because it keeps me on edge and focused,av seen growth both in clients base and profit,and the no of clients has also tripped from the initial 10 that i started with to 35 that am currently working with,my main secret being good communication skills,so am able to understand my clients specifications and charcoal needs,free delivery is also offered to clients that stay about 200m from the store.i have also introduced an after sale service whereby i will call the client after every delivery and inquire if they are satisfied with the quality and efficiency of the charcoal,in-case of any complaints ,then i would call my supplier immediately and alert him to avoid any recurrence of the problem,by doing all this av been able to build a good rapporteur all my clients based on trust ,honesty and consistency in quality .five years from know am seeing myself being the leading charcoal distributor in githunguri area, and of-course this will only be possible with the continued partnership with zidisha family.

Loan Proposal

My business capital currently is around 450 dollars,i would love for this to go up by 50%,because am planning to move to a bigger store with a capacity of 200bag as opposed to the current one which is 100bag,the center is growing,so is the customers base and demand,this in long term will create more job opportunity,i currently employ two young men,whom i pay 2 dollars everyday ,their main work include offloading the sacks from the truck,loading the sack for the clients for those that have vehicles,and deliver to others to their houses using wheelbarrows,I intend-to employ two more in case my loan is funded,The profit margin will go up,by the same % because i get a profit of 3 dollars per sack,now whats is important is to ensure that you can be able to re-stock at least twice per month,i believe that this is very possible with the concept i have adapted of customer satisfaction and after sale service!

Feedback

4

None

None

  • juliemartha    May 28, 2015

    Reliable payments. I would gladly lend again. May God bless you!

    Log in to reply • Share
    • Beryl Otieno    Jun 18, 2015

      Hi Juliematha
      Thanks alot for your positive comments,looking forward to more interactions with you in near future!
      God bless you too.

      Log in to reply • Share
  • canadianlstan    Nov 13, 2013

    Thank you for paying back your loan on time! Congratulations on fully completing your second loan. I would loan to you again in the future!

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  • Butters    Jul 3, 2013

    Repaid in full and ahead of schedule. Excellent!

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  • RobBne    Jul 3, 2013

    Well done Beryl!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$527.43

Date disbursed

Jul 1, 2015

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Service fee: 5% of $527.43 = $26.37

Lenders

investor

Candiac, Canada

EHTHighSchool

Egg Harbor Township, United States

S

snowlilly

Sanford, United States

Tilius

Oslo, Norway

C

CanadianBiker

Peterborough, Canada

J

Jdoyle

Kitchener, Canada

Straetman

Kaarst, Germany

Rocketdrive

Eugene, Oregon, United States

J

jozua

Delft, Netherlands

K

Kerkeslager

Richmond, United States

B

BerndWeber

Munich, Germany

traciyoshiyama

Honolulu, United States

B

bizarresmom

Willowick, United States

bluetree

Mountain View, United States

L

louisela

Eugene, Oregon, United States

J

Jemilla

London, United Kingdom

J

jrtregurtha

Ridgefield, United States

H

howru

Toronto, Canada

G

gt2016c

Birchgrove, Australia

Tjitser

The Hague, Netherlands

A

AJCortens

Boise, ID, United States

B

bgxalz

Kópavogur, Iceland

T

TopUp

Toronto, Canada

J

jjcharlie

chicago, United States

H

Houdini314

Elwood, United States

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

R

rcmssr

Woodbury, United States

MichaelDean

San Jose, United States

A

Aloha

Cologne, Germany

M

markj

Camberwell, Australia

J

Jacquinta

London, United Kingdom

yeahboi78

Alexandria,LA, United States

Zidisha

Sterling, United States

A

aliasadsj

Queens, NY, United States

sebastienrosa

Quebec, Canada

B

Bobby39

Savannah, United States

S

Shorty

London, United Kingdom

P

Purllyn

Dillon, United States

S

Steveandson

Arlington, United States

G

GLWall

Iowa, United States

P

Piccolo

London, United Kingdom

F

freewheelin

Perth, Australia

I

ilias

Melbourne, Australia

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

A

ante1

trosa, Sweden

S

Sonja

London, United Kingdom

BJ

Brandon Joz

North Carolina, United States

M

MarleyZiggy

Colorado, United States

E

eljama

Chapel Hill, United States

SP

Steve Picchione

Lake Elsinore, United States

K

KettOH

Dayton, United States

J

John

Newbury Park, CA, United States

J

jgrauel

Zurich, Switzerland

Joseph P. Edd

Seoul, Republic of Korea

M

Miguel

Madrid, Spain

RochelleSpencer

New York, United States

T

theshots

Vancouver, Canada

N

nanning

Baltasound, United Kingdom

MatthewHaight

Montgomery Village, United States

N

ningli

Charlotte, NC, United States

E

EveleighT

Arlington, VA, United States

Aggul

London, United Kingdom

S

SweAus

Adelaide, Australia

A

Angela

Heide, Germany

Jeff and Marcie

Portland, OR, United States

S

Southernyank

CHAPEL HILL, United States

4

42Theo

London, United Kingdom

queenjord

edmond, United States

M

mrhanky1

melbourne, Australia

G

gregoryhk

San Francisco, United States

N

NancyG

Victoria, Canada

A

AlexCheng

Seattle, United States

C

Carol

Ripon, United States

jmsquared

Seattle, United States

rosevines

New Orleans, United States

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

C

CheesemanDan

Shanghai, China

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

P

proby24

Singapore, Singapore

phytoplankton

United States

T

tmsaddress

Orlando, Florida, United States

mheloin

Shepperton, United Kingdom

A

Arthurmb

Cebu city, Philippines

B

Becks

Dubai, United Arab Emirates

cattlebaron

Pierre, SD, United States

dajawein

Gladstone, Australia

captainhappy

Gladstone, Australia

M

missjoyy

Munich, Germany

P

portlandloans

Portland, United States

MadsNissen

Oslo, Norway

Pascal

Gent, Belgium

R

RichardH

Manchester, United Kingdom

L

lowtechmagazine

barcelona, Spain

Susansfund

Colorado Springs, United States

T

tomdeneire

Eke, Belgium

A

AustA

Sydney, Australia

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

R

RosieLea

columbus, United States

J

juliewilson1971

Dhahran, Saudi Arabia

M

markusfitza

College Station, United States

IA

Ismini and Jerry

Stamford, USA, United States

P

Pelle

Ragusa, Italy

A

aiban

Austin, United States

S

Sabine

Courtenay, Canada

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

D

Dandru

Berkshire, United Kingdom

S

SvenWaage

Stavanger, Norway

A

Aastra

Los Angeles, United States

Namaste250

Pittsford, United States

L

loistf

Madrid, Spain

C

ChrisG

Charlestown, Australia

W

wildnis

Seattle, United States

danielytao

Boston, United States

MichelD

Bangkok, Thailand

B

BobJames

Toulouse, France

J

jwharding

Hamburg, Germany

JennyinParis

Paris, France

ads68

Melbourne, Australia

J

janharg

Garland, Tx, United States

B

BGRRisz

Arlington, United States

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

yorick

Springfield, United States

fairspirit

Utrecht, Netherlands

JPadgett

Chandler, United States

K

kingcamo1095

Mountain Home, United States

Richard Griebe

La Jolla, United States

B

BMcDermott

Washington, DC, United States

E

E

Marin county, United States

S

sgunnink

Utrecht, Netherlands

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

I

idris

United States

M

M.Umar

Pakistan

A

adamdreaming

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

SMOICE

Berlin, Germany

H

Hazel

United Kingdom

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