Hesbon
Gekomu, Kenya
100% repaid
Name
Hesbon
Member since
July 2014
On-time repayments
273 installments • 65%
I
am a Kenyan aged 29, the first born in the family of seven. I have a
diploma in social work from a public institution. During my college days
i encountered difficulties in the payment of college fee and so in my
first year i decided to venture in the firewood selling business and by
doing so i was able to offset my school balances and continued with this
business till today. The business earnings helps me to pay for the
premise, my residential rent, my younger sisters' school fees and my
personal up-keep. I have since the start of 2017 introduced an iniative of me,my family members and friends visiting and giving back to the community some percentage of my earnings to kids in my local children homes.
I
am in firewood selling industry whereby i have done this business for
Four years now. I earn my regular incomes from the selling of firewood charcoal and energy saving jikos
to households and schools. There is a great demand for my product
because am a licensed business person, the working hours is 12 hours
giving me an advantage over my competitors and am situated where the first aglance of a premise is my shop. The reason why these products are in great demand is because most of the residents are a mix of middle class and below the poverty level, so this is what a majority can afford. The reason behind me doing this business is to provide for the locals the products and services the would otherwise be walking miles miles looking for and another reason is to enable me and my family have something on the table and finally growth and sustainability. My business is profitable because it is
easy to access and the quality of my firewood is superior than of my
competitors. The threats i face is heavy rainfall and transportation of
the firewood from interior places. My typical monthly costs include:rent
is 37dollars,stock is 185 dollars,sales is 303 and my profits are 272
dollars. The profits I make from the business I use them on making additional stocks to my current one,my personal upkeep,meeting my family needs,educating my younger sister and giving back to the community in the form of donating to the children s' home in my locality. Kindly
consider lending me this cash to fulfill my desired goal in life.
The loan i am expecting to receive from zidisha lenders will be of much help in that will be able to make an additional stock of firewood, charcoal and energy saving jikos to my current stock. Since the introduction of charcoal and energy saving jikos as an alternative for my customers, i have seen my profits sky rocket . So for that reason i want to pump in enough stocks to so as to satisfy my customer needs. Since introducing the jikos have realised an increase in my sales up to 44%. This means more sells and more sells means increased profits.As per now my current sales for firewood and charcoal stands at 185Us dollars, this will increase by 74% when i shall have received the loan.Thank you zidisha for enabling us realise our strengths.
Positive
13
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$88.00
Date disbursed
Sep 29, 2016
Repayment status
On Time
Projected term
6 weeks
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Amount repaid
$88.01
Amount remaining
$0.00
Date repaid
Nov 13, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 9, 2016 | $17.14 | Oct 9, 2016 | $17.14 |
Oct 16, 2016 | $8.57 | Oct 16, 2016 | $8.57 |
Oct 23, 2016 | $17.14 | Oct 23, 2016 | $17.14 |
Oct 30, 2016 | $17.14 | Oct 30, 2016 | $17.14 |
Nov 6, 2016 | $14.01 | Nov 6, 2016 | $14.01 |
Nov 13, 2016 | $14.01 | Nov 13, 2016 | $14.01 |
BernadetteV Aug 27, 2017
BernadetteV Mar 19, 2017
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