Name
Elizabeth
Member since
January 2013
On-time repayments
320 installments • 74%
My name is Elizabeth Wambui, born in 1978 in Nakuru County in the Rift valley. I am a second born in a family of four. I underwent my primary education in lower solai in nakuru and later joined Lake Nakuru secondary School. I am single with two children one who completed her secondary education in the year 2012. I started selling Charcoal in Kiserian in Nairobi, then I was selling charcoal to kiserian town residents. Later I relocated to Kitengela where cost of operation was low. From my previous charcoal business, I was able to purchase a plot in Nkoroi area near Kiserian and constructed four room residential houses. I have rented this rooms though they are are still incomplete therefore the rent income is abit low. However they have been of great importance to me since I was able to educate my daughter up to form four level. The income from my business was also used for family upkeep and helping my parents back home. I also have interest in farming and have been doing it in my home place where i have rented a 1 acre of land in bahati nakuru and have been planting wheat and tomatoes and the returns are encouraging.
The main product i sell is Charcoal. The demand for charcoal here is on the rise since its affordable to the population around. With a group of about three, we hire a lorry that transports the product rom Narok where we obtain the the charcoal at a lower price. Charcoal is sold in bags and a bag goes for Ksh. 700 from the supplier. the same bag I sll it at Ksh. 1500 minus Ksh 150 per bag that I pay for transport. this brings a profit of about Ksh. 650 per bag. I also sell the same in small quantities and this is where its more profitable than selling in whole sale. A bag may result to about Ksh 2000 when sold in small measurements. In a good day, I can sell up to five bags while in other days i can selljust one. On average I do sell about bags at average of Ksh 1000. This translates to an average income of about Ksh 40000 per month and after paying all the expenses (Rent, security, labour e.t.c) I have about Ksh 20000 which is Net profit and I use the money to pay for my family upkeep, school fees and the rest to savings account. I am not the only supplier of this product. we are about 5 in the neighbourhood and most of the time we work together especially during purchasing so that we increase our bargaining power and reduce the cost. I have my regular and permanent customers whom i even deliver the product to their homes so that to maintain a good relations and make them loyal.
I am requesting Zidisha Loan in order to expand stock in my business. The main product i sell is Charcoal. The demand for charcoal here is on the rise since its affordable to the population around. With a group of about three, we hire a lorry that transports the product from Narok where we obtain the the charcoal at a lower price. Charcoal is sold in bags and a bag goes for Ksh. 700 from the supplier. the same bag I sll it at Ksh. 1500 minus Ksh 150 per bag that I pay for transport. this brings a profit of about Ksh. 650 per bag. I also sell the same in small quantities and this is where its more profitable than selling in whole sale. A bag may result to about Ksh 2000 when sold in small measurements. In a good day, I can sell up to five bags while in other days i can sell just one. On average I do sell about bags at average of Ksh 1000. This translates to an average income of about Ksh 40000 per month and after paying all the expenses (Rent, security, labour e.t.c) I have about Ksh 20000 which is Net profit and I use the money to pay for my family upkeep, school fees and the rest to savings account. I am not the only supplier of this product. we are about 5 in the neighbourhood and most of the time we work together especially during purchasing so that we increase our bargaining power and reduce the cost. I have my regular and permanent customers whom i even deliver the product to their homes so that to maintain a good relations and make them loyal.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 25, 2013
Repayment status
On Time
Projected term
12 months
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Amount repaid
$110.14
Amount remaining
$0.00
Date repaid
Oct 3, 2013
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 5, 2013 | $9.18 | Jun 9, 2013 | $9.18 |
Jul 5, 2013 | $9.18 | Jun 9, 2013 | $9.18 |
Aug 5, 2013 | $9.18 | Jun 9, 2013 | $5.45 |
Jul 10, 2013 | $3.73 | ||
Sep 5, 2013 | $9.18 | Jul 10, 2013 | $9.18 |
Oct 5, 2013 | $9.18 | Jul 10, 2013 | $9.18 |
Nov 4, 2013 | $9.18 | Jul 10, 2013 | $9.18 |
Dec 4, 2013 | $9.18 | Jul 10, 2013 | $4.45 |
Oct 3, 2013 | $4.73 | ||
Jan 4, 2014 | $9.18 | Oct 3, 2013 | $9.18 |
Feb 4, 2014 | $9.18 | Oct 3, 2013 | $9.18 |
Mar 4, 2014 | $9.18 | Oct 3, 2013 | $9.18 |
Apr 5, 2014 | $9.18 | Oct 3, 2013 | $9.18 |
May 5, 2014 | $9.18 | Oct 3, 2013 | $9.13 |
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