Entrepreneur

About Me

Iam aged 50 years and a father of 3 sons. one in the University, 2nd in Secondary School, form 2 and 3rd also in Secondary, Form one. I have been struggling with small businesses including Mpesa. However this one folde up after the City Council demolished the Kiosks where I had rented for the business at Kariokor, Nairobi. The owner of the Mpesa line took it back as it was now not trading. My wife helps out with another small business of Hawking smoked sausages. I was introduced to the business of selling "ECO CHARCOAL" which Iam carrying on todate.

My Business

The eco-charcoal is made from non-organic materials, largest component being soil. It is more durable than ordinary charcoal as it can burn for over 5 hours thereby being very economical with poor people. A bag of this eco charcoal weighing 50 kilograms is sold at shs. 800. I in turn sell the same to my customers at shs 1200 thereby making a profit of shs 200 after deducting transport costs.

The eco charcoal is beneficial economically and also to our environment as it is not made from trees and if most people can turn to it, Kenya will gain good mileage in conserving our environment. If I may be granted this financial credit I will be able to by many bag of eco-charcoal at one go thereby reducing transport charges and increasing the profits.

Loan Proposal

The loan will be used to increase my stock of manufactured charcoal (eco charcoal) to minimize on transport charges as the place I get them is about 20 Kilometers away, This in turn will enhance my profit margin enabling me to earn a decent living for the family. It will also enable me reduce the sale price to have a competitive edge,

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