Green energy, solar energy

Johnbosco

Mombasa/ Bamburi, Kenya

100% repaid

Entrepreneur

Name

Johnbosco

Member since

September 2014

On-time repayments

165 installments  •  48%

About Me

My childhood education was back in the mid 90s. With all kind of struggling. I came to hate poverty. That's why i decided to come up with a project that it will generate at least a shilling per day.Most of my income from my current employee goes to my business. Im looking forward to have a business with a strong base foundation that will make meknown to the market with ease without incurring more expenses on marketing. I like reading motivational materials during my free time, to get to know how successful people came to make it in their life, how investors making their way in this industry of wealth creation.

My Business

Currently, my business is all about going green. making use of solar energy. Selling of solar products to people living in remote areas mostly those that are off-grid areas.
With my products in the market, most of my clients are able to obtain power through the sun. The products range from solar panels, solar batteries, dlight products, sunking pro400, sunking Boom among others. Have got lots of varieties that make me visible in every market that I visit. Currently, most of my clients actually preferred solar TV which I m also working towards it since is quite expensive. Since we also have some PAYG phones most clients have expressed interest in the same which I'm also doing my research to see if I can add to my catalog.
This business is most profitable as more and more people are shifting to green energy. Though my biggest target group is off-grid areas but still am also getting customers to those people living in on-grid areas.
Am still strengthening the business with the profit that I'm getting in this business.
The cost of one solar light varies depending on the manufacturing company, such as dlights s2 cost ksh.550 and market price is ksh. 950 which is almost double the cost price. sunking pro400 cost ksh. 2300 and the market price stand at ksh.4200. Solar panel 60w cost ksh.5200 while selling price is ksh.7200. Basically in each solar light, I get almost double the cost price which is very encouraging.

Loan Proposal

Sunlite mini, this is the hot cake solar product currently trending in most markets here in Kenya. Currently the cost price of one sunlite mini is $ 15 and selling price stand at $25.
This will translate to a profit of $10 per product. will be able to buy at least 15 sunlite mini solar products that uses sun light, This will create a great impact to the society as well as to me as an entrepreneur. In society most people will be able to access power during night hours as well as able to charge their mobile phones during day time as well night time. This product will be able to raise my overall operating work capital as I major in this new business.
I do expect my profit to increased to double the initial cost of production or the initial work capital. As at now most people will go for the product to experience the new product in the market.
The other benefit that this business is going to create to others is creating job, With the well organized and operating business I will be able to employ sales person to help me in distributing as well as creating new markets in the region.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.00

Date disbursed

Sep 21, 2016

Repayment status

On Time

Projected term

2 months

Lenders

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

T

tophini

Alma, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

Ahadi

France

rjb

Phnom Penh, Cambodia, United Kingdom

WE

Wendy Emlyn

Devon, United Kingdom

BB

Ben Bellows

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

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