Charcoal and firewood for household

Hesbon Monari

Gekomu, Kenya

100% repaid

Entrepreneur

Name

Hesbon Monari

Member since

July 2014

On-time repayments

273 installments  •  65%

About Me

I
am a Kenyan aged 29, the first born in the family of seven. I have a
diploma in social work from a public institution. During my college days
i encountered difficulties in the payment of college fee and so in my
first year i decided to venture in the firewood selling business and by
doing so i was able to offset my school balances and continued with this
business till today. The business earnings helps me to pay for the
premise, my residential rent, my younger sisters' school fees and my
personal up-keep. I have since the start of 2017 introduced an iniative of me,my family members and friends visiting and giving back to the community some percentage of my earnings to kids in my local children homes.

My Business

I
am in firewood selling industry whereby i have done this business for
Four years now. I earn my regular incomes from the selling of firewood charcoal and energy saving jikos
to households and schools. There is a great demand for my product
because am a licensed business person, the working hours is 12 hours
giving me an advantage over my competitors and am situated where the first aglance of a premise is my shop. The reason why these products are in great demand is because most of the residents are a mix of middle class and below the poverty level, so this is what a majority can afford. The reason behind me doing this business is to provide for the locals the products and services the would otherwise be walking miles miles looking for and another reason is to enable me and my family have something on the table and finally growth and sustainability. My business is profitable because it is
easy to access and the quality of my firewood is superior than of my
competitors. The threats i face is heavy rainfall and transportation of
the firewood from interior places. My typical monthly costs include:rent
is 37dollars,stock is 185 dollars,sales is 303 and my profits are 272
dollars. The profits I make from the business I use them on making additional stocks to my current one,my personal upkeep,meeting my family needs,educating my younger sister and giving back to the community in the form of donating to the children s' home in my locality. Kindly
consider lending me this cash to fulfill my desired goal in life.

Loan Proposal

The loan i am anticipating to receive from zidisha lenders will assist me in making an additional stock of firewood and charcoal to my current stock. Since introducing charcoal as a substitute of firewood for those customers who do not use firewood i have seen my profits skyrocket.So for this reason i want to increase my stocks which in turn means my profits will also increase.As per now my current sales for firewood and charcoal stands at 124 us dollars, this will increase by 58% when i shall have received the loan.Thanks zidisha for enabling us realise our strengths.

Feedback

13

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Loan Info

Project Type

Classic Loan

Disbursed amount

$43.00

Date disbursed

May 3, 2016

Repayment status

On Time

Projected term

5 weeks

Lenders

F

flaguy999

Tampa, United States

dlpringle

Denver, United States

TH

tom hd

United Kingdom

PG

Paul Graham

United States

E

EABF

Netherlands

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

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  • Hesbon Monari    May 4, 2021

    Wish to adjust my repayment installments due to the fact that I cannot be in position to do it at once

    Log in to reply • Share
  • Hesbon Monari    Mar 2, 2021

    Wish to reduce my repayment installments due to the fact that the business is not doing well right now

    Log in to reply • Share
  • Eric Ntonja    Mar 1, 2021

    he promised to repay on reduced instalments next week

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  • Eric Ntonja    Jan 27, 2021

    Hesbon was busy last week,thats what he told me and promised to be ontime by weekend

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  • Hesbon Monari    Jan 12, 2021

    Due to this hard times as a result of covid19 I wish to reduce my repayment amount to what I will be able to pay

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  • Hesbon Monari    Dec 6, 2020

    Would like to reduce my repayment installments due to fact that the business has not yet picked very well

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  • Hesbon Monari    Oct 25, 2020

    Wish to reduce my repayment installments due to fact that the market is not viable

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  • Timothy Ayemba    Oct 15, 2020

    Monari promised to make some repayment soon. He also added that Corona has interfered with hi business.

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  • Hesbon Monari    Sep 9, 2020

    Due to this hard times as a result of covid19 I wish to reduce my repayment amount to what I will be able to pay

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  • Timothy Ayemba    Sep 8, 2020

    Monari informed me that his business is not doing well because of Covid pandemic that's why he he missing the repayment.

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  • Hesbon Monari    Aug 4, 2020

    Wish to reduce my repayment installment due the pandemic that is still affecting the whole world.

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  • Hesbon Monari    Jun 24, 2020

    Due to this pandemic that has hit the whole world the businesses have been rendered helpless so this has led to me being unable to pay full repayment amount, so wish to reduce my repayment installments.

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  • Hesbon Monari    May 12, 2020

    Wish to reduce my repayment installment due the pandemic that is still affecting the whole world.

    Log in to reply • Share
  • Hesbon Monari    Apr 2, 2020

    Due to this pandemic that has hit the whole world the businesses have been rendered helpless so this has led to me being unable to pay full repayment amount, so wish to reduce my repay installment.

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  • Hesbon Monari    Feb 11, 2020

    Wish to change repayment installment due to hard financial time which makes it harder for me to repay in full.

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  • Hesbon Monari    Dec 26, 2019

    Wish to reduce my repayment installments due to the fact I am not in the position to make more than the amount mentioned up.

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  • Hesbon Monari    Nov 17, 2019

    Due to the fact that my business ROI is low I wish to lower my repayment amount until when the business picks up well

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  • Hesbon Monari    Oct 8, 2019

    Wish to reduce my repayment installments because I am not able to make more than the amount mentioned up

    Log in to reply • Share
  • Hesbon Monari    Aug 27, 2019

    Due to the fact that my business ROI is not stable as such, that is, it fluctuates now and then I wish to lower my repayment installments until when it normalises

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  • Hesbon Monari    Jul 23, 2019

    Due to the fact that my business ROI is very low I wish to lower my repayment installments until when everything returns to normal

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