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 money to add stock in charcoal.First and foremost, i want to thank all my lenders for supporting me in this third time. The trust that has been bestowed upon me and my business gives me the morale of keeping on keeping on till i see myself standing on my two feet as a woman entrepreneur.I have managed to pay well as required and your support will add value to my business hence sustainability and self reliance will be key in this process.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$95.00
Date disbursed
Sep 18, 2014
Repayment status
On Time
Projected term
5 weeks
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