To purchase and add stock of 10 sacks of charcoal

Hyline K.

Mwangaza, Kenya

100% repaid

Entrepreneur

Name

Hyline K.

Member since

May 2013

On-time repayments

51 installments  •  84%

About Me

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

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.

Loan Proposal

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.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$95.00

Date disbursed

Sep 18, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

O

Oliver

Geneva, Switzerland

C

Czosnek

Toronto, Canada

R

rholden

glen iris, Australia

ads68

Melbourne, Australia

Generaal

Antwerp, Belgium

Sarasota

Sarasota, Fl, United States

Sputnik

Switzerland

T

Tony1

Australia

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