Zidisha |

Samuel

Mariango, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

March 2013

On-time repayments

42 installments • 48%

About Me

My name is Samuel Ngumbao. I am married with six children; four are schooling while two are still yet to start schooling. I live in Mariango village within Mwakwala sub-location in Bamba location, Ganze division Kilifi county. I'm a charcoal seller. I buy charcoal in bulk from those who prepare it and resell it to retailers. In class seven, I had to drop out. I started this business basically to earn a living and to improve my family's condition which was almost starving. I purchase various items from the earnings of my business such as empty sacks, ropes or the tapes, rags, strings, and the metal nails/strings, etc. I also buy food, vegetables, medicine and clothes, and pay for school fees and transport for my children, etc. It is my hope that, with a Zidisha loan, I can increase the quantity of charcoal I buy and even open another ''banda'' charcoal shop elsewhere to improve my income.

My Business

My business is charcoal selling. This business involves selling of well sack parked charcoal in a charcoal ''banda'' or charcoal shop. There is a demand for this business because charcoals serve as fast fuel mostly used in the third class family. In addition, charcoal fuel is used for warming especially during cold seasons. My customers prefer my business because I sell to them the best charcoal, that is, charcoal made from the hardwood trees that have not been rained on. In addition to this, I sell and communicate to them in good language, hence attracting and retaining them. This business is profitable because, for instance, one sack of charcoal bought at KSh 450 can be sold at KSh 1000. Risks that face my business are lack of transport and proper storage. My typical monthly income is KSh 45000 and my monthly expenditure is KSh 30000 and my profit therefore is KSh 15000. With this amount as my profit, I can repay Zidisha without any problem.

Loan Proposal

I will use the loan in boosting my business by buying more charcoal fuel;charcoal fuel is basic to our client/customers as there is no cooking that can go on without fuel and for our case i.e the developing area,and therefore this will boost my business a step forward.Finally will buy some packets for packaging so that I run the retail section of my business to enhance fast profit growth.

Show original English

About Me

My names are Samuel Ngumbao married with six children four are schooling while two are still yet to start schooling by now.I live in Mariango village within Mwakwala sub-location in Bamba location,Ganze division Kilifi county.I'm a charcoal seller,I buy charcoal in bulky from those who prepare them and resell them to retailers.Im a class seven drop-out.I started this business basically to earn a living and to improve my family which was almost starving.I purchase various items from the earnings of my business such as empty sacks,ropes or the tapes,rags,strings, and the metal nails/strings etc.I also buy food,vegetables,medicine,clothes,pay for school fees,transport for my children etc.It is my hope that if Zidisha loan me will increase the quantity of charcoal I buy and even open another ''bada'' charcoal sop else where to improve my income.

My Business

My business is charcoal selling. In this business provides selling of well sack parked charcoal in a charcoal ''banda'' or charcoal shop.There is demand of this business because charcoals serve as fast fuel mostly used in the third class family.In addition to charcoal fuel is used for warming especially during cold seasons.My customers prefer to my business because I sell to them the best charcoal that is charcoal made from the hard wood trees that have not been rained on.In addition to this I sell communicate to them in good language hence attracting and retaining them.This business is profitable because for instance one sack of charcoal bought at ksh;450/= CAN BE SOLD AT KSH:1000/=Risks that face my business are lack of transport and proper storage.My typical monthly income is ksh: 45000/= and my monthly expenditure is ksh:30000/= and my profit therefore is ksh: 15000/= With this amount i.e ksk:15000/= as my profit can repay Zidisha without any problem.