Firewood, charcoal, and energy-saving Jikos

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

This loan I am to receive from zidisha lenders is going to impact postively in my business as it will be the corner stone business growth. The crucial thing is, it will assist me in making an additional stock of firewood, charcoal and energy saving jikos to my current stock. Since the inception of charcoal and energy saving jikos as an option for my clients, i have in a great deal seen my profits increase. So for that reason i want to increase my stocks levels so as to meet my client needs. From the moment of introducing the jikos have realised an increase in my sales up to 51%. This means more sells and more sells means increased profits.As per now my current sales for firewood and charcoal stands at 192us dollars, this will increase by 79% when i shall have received the loan.Thank you zidisha for exploring our potentials to build on our strengths.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$88.00

Date disbursed

Nov 18, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

N

nycjen

United States

M

Malte

Hanover, Germany

PG

Paul Graham

United States

The Zinc Team

San Francisco, United States

A

Anonymous

United States

Doron Elinav

Ramat Gan, Israel

R

RMIM

United States

P

Peter

United States

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