Hyline K.
Mwangaza, Kenya
100% repaid
Name
Hyline K.
Member since
May 2013
On-time repayments
51 installments • 84%
I have a family of two. I live within Olive Inn near Kiamunyi. I run a charcoal business.This is a business that i have done for the last seven years.It feeds, clothes, pays fees for my children as well as shelter. Iam a college graduate with a tailoring course and managerial skills.
This is a sustainable business considering that its not perishable.After thorough research, i found out that charcoal was a scarce commodity within my area of residence and most people spent time and money to go to town to buy the commodity.Hence that is how this business started.
My business is both retail and wholesale.I deal with charcoal.My customers prefer this service because its used on a regular basis compared to gas and kerosene.Also a bigger percentage of people use this commodity.Well, at the moment i have not seen a serious competition since iam the sole supplier in the area in terms of retail and wholesale.The only challenge is when the prices shoots either due to transportation on rainy seasons and as well i have known how to counter this.My monthly runs to Kshs. 50,000 and after sales is double what i spend.This means that iam running a profitable business at the end of the day.
Given the opportunity from all spheres i intend to open other branches where this commodity is scarce.
I will use the loan in purchasing of 10 sacks for sale in my stall. The total amount to be spent here is Kshs. 8000 of which Kshs. 249 will be used as transport to the destination of sale. I want to thank my lenders as well for considering my third loan and trusting in my business. I look forward to working with you and sending in progressive reports as and when required.This loan will increase my sales revenue and hence the social economic standard both at the individual and family levels will be enhanced.I have kept my promise of repayment and sending in of progressive reports as and when appropriate and i feel that my lenders should support my course.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Jun 17, 2014
Repayment status
On Time
Projected term
3 months
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