Solar panels

Entrepreneur

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

With the loan requested I will be able to buy 20 Watts solar panel at a cost of $15 and sale at $24, with that I will be able to make a profit of $8. The 30 Watts solar panel will cost me $24 and the current market price is $36. With that I will be able to make a profit of $12. All this profit will make me able to purchase bigger panels such as 60W, 80W, 100W and 120W. Both which have high profit margin.
This will enable my business to expands rapidly in various markets. I will be able to buy five 20W panels and four 30W panels with the loan requested. Profit yield will be of great help in strengthening my business even further. Since I have 30AH solar chloride batteries in my stock it will go hand in hand with the types of solar panels that will be purchasing with the loan requested.

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