Increased charcoal stock

Elizabeth Wambui

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Elizabeth Wambui

Location

Kitengela, Kenya

On-time repayments

320 weekly installments  •  74%

About Me

My name is Elizabeth Wambui, born in 1978 in Nakuru County in the Rift valley. I am a second born in a family of four. I underwent my primary education in lower solai in nakuru and later joined Lake Nakuru secondary School. I am single with two children one who completed her secondary education in the year 2012. I started selling Charcoal in Kiserian in Nairobi, then I was selling charcoal to kiserian town residents. Later I relocated to Kitengela where cost of operation was low. From my previous charcoal business, I was able to purchase a plot in Nkoroi area near Kiserian and constructed four room residential houses. I have rented this rooms though they are are still incomplete therefore the rent income is abit low. However they have been of great importance to me since I was able to educate my daughter up to form four level. The income from my business was also used for family upkeep and helping my parents back home. I also have interest in farming and have been doing it in my home place where i have rented a 1 acre of land in bahati nakuru and have been planting wheat and tomatoes and the returns are encouraging.

My Business

The main product i sell is Charcoal. The demand for charcoal here is on the rise since its affordable to the population around. With a group of about three, we hire a lorry that transports the product rom Narok where we obtain the the charcoal at a lower price. Charcoal is sold in bags and a bag goes for Ksh. 700 from the supplier. the same bag I sll it at Ksh. 1500 minus Ksh 150 per bag that I pay for transport. this brings a profit of about Ksh. 650 per bag. I also sell the same in small quantities and this is where its more profitable than selling in whole sale. A bag may result to about Ksh 2000 when sold in small measurements. In a good day, I can sell up to five bags while in other days i can selljust one. On average I do sell about bags at average of Ksh 1000. This translates to an average income of about Ksh 40000 per month and after paying all the expenses (Rent, security, labour e.t.c) I have about Ksh 20000 which is Net profit and I use the money to pay for my family upkeep, school fees and the rest to savings account. I am not the only supplier of this product. we are about 5 in the neighbourhood and most of the time we work together especially during purchasing so that we increase our bargaining power and reduce the cost. I have my regular and permanent customers whom i even deliver the product to their homes so that to maintain a good relations and make them loyal.

Loan Proposal

With my third loan, I to concentrate much on wholesaling. Our major supplies are from Narok County, this will require adequate storage space and adequate finance to cater for both bulk purchasing and transport. Currently I have a semi permanent shed that I have been using for both retail and wholesale. I have identified a trusted person who will be in charge of retail as this is more demanding since most customers buy a bag or less.
While out there, I want to deliver as much as I can to those customers that so far rely on me. I have once delivered to far places like Limuru and Kinangop. This however can be more profitable if am delivering more bags as opposed to few since overhead costs are high. I am exploring possibility of soon delivering regularly to far places like Limuru and Kinangop and Naivasha after I obtain the licence to do so. I have confidence in this business having been in it for long and I am aware of the challenges. Also I have made several long term customers who are reliable. My future plans are to acquire own means of transport as transport costs reduce profit margins. I am hopefully that with your support, this initiative will be a success.

Feedback

7

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$790.15

Date disbursed

Jun 30, 2015

Repayment status

On Time

Projected term

37 months

Cost to entrepreneur

Service fee: $39.51

Lenders

rebecca

Chapin SC, United States

J

jeffb

United States

A

agwong

California, United States

N

nani

austin, United States

P

Per

Randers, Denmark

smonroe

Stanford, United States

A

Anninymouse

Southampton, United Kingdom

Dianne

Maryville, United States

R

redhoward

San Francisco, United States

Lauren Rosenbaum

Washington, DC, United States

J

johans

Malmö, Sweden

tjm212003

Montreal, Canada

C

CWS

Huntington beach, ca, United States

B

bgalon

London, United Kingdom

S

Snick

Halle, Germany

A

alfredo

Bremen, Germany

H

Hilke

Bremen, Germany

C

Canlender1

Nanaimo, Canada

M

mzeb

fort myers, United States

Dymero

Manchester, United States

S

susa

Forchtenberg, Germany

C

Christian

Saarbruecken, Germany

valentin

Stockholm, Sweden

D

Daniel

Cupertino, United States

CaseySampson

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

J

JonnyPrice

San Francisco, United States

M

MrMc2

Saugerties, United States

P

purina

Turku, Finland

S

SovTempest

Toronto, Canada

J

johnkinell

Stockholm, Sweden

malcolm D

grants pass, United States

C

Catolas

Kelowna, Canada

S

Spassmacher

46244 Bottrop, Germany

ken701

Lede, Belgium

bdm4a

San Fransisco, United States

J

JLewe

Atlanta, Georgia, United States

W

Witlof

Tsukuba, Japan

Dwhittingslow

Saint Simons Island, Ga, United States

T

TobyKenobi

Syracuse, United States

Umair Mahmood

Raleigh, United States

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

Colin

Albuquerque, United States

Joellen

Boulder, United States

E

Ehaffey

Washington D.C., United States

P

patfigel

Wien, Austria

C

ColinPlatt

Montgomery Village, United States

Johnny

shanghai, China

M

manup0d

Langen, Germany

L

lumlum

Renens, Switzerland

O

Oliver

Geneva, Switzerland

B

Bpryse

Long beach, United States

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

M

m_dennis

Toronto, Canada

I

Interfree

Dubai, United Arab Emirates

petitnekomimi

Milverton, United Kingdom

galmor

Cork, Ireland

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

Pere

Barcelona, Spain

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

G

guenter

Bremen, Germany

BJ

Brandon Joz

North Carolina, United States

Simon Thomas

Christchurch, New Zealand

OliverSouthwick

London, United Kingdom

Kysera

Crawfordsville, United States

S

scrabblelives

Nashville, United States

Jeff and Marcie

Portland, OR, United States

T

thejacobnorton

Jubail, Saudi Arabia

A

AlexCheng

Seattle, United States

P

patrickberkeley

Burlington, United States

C

chrisn

Egg, Switzerland

S

SelvaMarcus

Green Cove Springs, United States

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

M

mgeck

Munich, Germany

A

anonymous123

United States

tasos

hove, United Kingdom

athomas

Chevy Chase, United States

SeeMeeFi

Ontario, Canada

Pascal

Gent, Belgium

amovida

Central valley, ny, United States

IA

Ismini and Jerry

Stamford, USA, United States

N

nichsafti

Menlo Park, United States

vinnio

Burlingame California, United States

ads68

Melbourne, Australia

D

DThirteen

Miami, United States

Christopher

Copenhagen, Denmark

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

A

Arinelle

Toulouse, France

basicus

Cairo, Egypt

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

rhagen

New York, United States

Gordons28

Santa Monica, United States

bycyt

Whitefish, United States

camilberlin

Berlin, Germany

J

jquinn373

Minneapolis, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kjustad

Asker, Norway

neocodesoftware

vancouver, Canada

JPadgett

Chandler, United States

isabelv

Barcelona, Spain, Sweden

D

DKross

New York, United States

iamdaimo

London, United Kingdom

Zal0m0n

Atlantis!!!! x), Mauritania

K

kingcamo1095

Mountain Home, United States

A

AndrewC

London, United Kingdom

mojobob

Hayward, United States

dmirpuri

Bangkok, Thailand

B

BMcDermott

Washington, DC, United States

D

doroncoh

Tel Aviv, Israel

E

E

Marin county, United States

S

sgunnink

Utrecht, Netherlands

M

mibrahim51

Mountain View, United States

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

Walterlo

West Hollywood, United States

B

BobHope

United States

Z

zvrk2014

Brookline, MA, United States

M

Malibu

Westwood, United States

Matching Fund

Sterling, United States

G

gbelote

United States

D

drorm

United States

J

Jonas

Linköping, Sweden

Jonas

Brussels, Belgium

G

geoff

United States

S

spivurno

United States

S

science4sail

United States

T

tommychheng

san francisco, United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

J

jay12

Germany

P

plhughes

United States

Pankratio

EastVan, Canada

K

Karpet

Faroe Islands

bb4dogs

United States

joshuacollinson

Vienna, Austria

mepster

San Francisco, Ca, United States

R

RonEddy

United States

TyWee

Manila, Philippines

L

luckiestmonkey

United States

B

bscent

Hong Kong

D

DStateDDB

United States

W

wesbh89

United States

J

JonAlec

United States

S

SaraNT

United States

I

idris

United States

J

jdelaporte

United States

T

Tim47

United States

A

AlexH

United Kingdom

dpollard

United States

K

kennychit

United States

S

SCHAC

Switzerland

E

enigmatic

United Kingdom

C

cocolo

United States

S

stryker75

United States

N

Nicolaas

Doha, Qatar

SV

sven vdk

Twickenham, United Kingdom

J

JF2014

United States

M

M.Umar

Pakistan

E

Estebanito

United States

A

adamdreaming

United States

J

JeremyR

United States

Kyle Hoback

Jersey City, NJ, United States

E

Ejackson

United States

pelhage

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Michelle

Sydney, Australia

BM

Brian Mickel

United States

Dave Bogard

New York, United States

A

adam

United Kingdom

Family Mueller

Petershagen, Germany

A

AmyLuYenYin

Brisbane, Australia

One Love

Boston, United States

Jamie

Dublin, Ireland

JL

Jindou Lee

United States

Sherri Quinn

North Saint Paul, United States

SMOICE

Berlin, Germany

JC

Jane Cohen

United States

MW

Matt Willis

United States

Thomas

Basel, Switzerland

H

Hazel

United Kingdom

NF

Nina Forsberg

Sweden, Greece

EB

Erica Brescia

United States

JD

Jeff DePree

United States

Solon Brown

Singapore, Singapore

M

Mart

United Kingdom

JW

John Walsh

Alicante, Spain., Spain

Ask Elizabeth a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...