I wish to scale up my broom business

Festus

Kwa Muki, Mazeras, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Festus

Member since

October 2013

On-time repayments

55 installments • 58%

About Me

I have always had a passion for teaching since my early days. Immediately after completing my high school at Darajani Secondary School in 2004 i wanted to join a teachers' college. That did not happen but i chose to start teaching in local primary schools as untrained teacher. Later, I moved to Mazeras town where I have taught since 2008 up to date. Currently, am enrolled at a college where I will soon complete my teaching course. Due to low-pay, I engage in less time-intensive businesses to supplement my monthly income. My business is that of selling coconut-sticks-brooms to retail shops in my area and in my upcountry hometown. I have a dedicated team of suppliers from the rural interior areas of Kilifi county that buy the brooms from different homesteads until they gather enough quantities to sell to me. On good months, I sell up to 1200 pieces of brooms and realize a profit of $300. I love my business.

My Business

My business is that of selling coconut-sticks-brooms to retail shops in my area and in my upcountry hometown. I have a dedicated team of suppliers from the rural interior areas of Kilifi county that buy the brooms from different homesteads until they gather enough quantities to sell to me. Coconut leaves are harvested from mature coconut trees,coconut leaves are dried in the sun and then sticks are peeled from the leaves. The resulting sticks are tied together with a tough rubber band to make a broom.On good months i sell up to 1200 pieces of brooms and realize a profit of $300. I love my business.

Loan Proposal

I wish to scale up my broom business ($100) by doubling my purchase quantities to profit on low buying price when getting brooms in bulk. Hopefully, I will expand into new markets as I will be able to supply timely to my new customers. There is higher demand for coconut sticks brooms in upcountry towns as coconut trees (source of brooms' raw materials) only grow in coastal areas due to presence of warm climate.