LED lightbulb sales

Benson

Nairobi, Kenya

100% paid forward

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Entrepreneur

Name

Benson

Member since

January 2015

On-time repayments

72 installments  •  78%

About Me

My name is Benson Hongo from Kisumu Korando Village along the Kisumu-Busia road. I am married to one wife Diana Apiyo and we have been blessed with Two children; A boy Taji and a girl Neema. We have also adopted another girl Salma who is my niece but unfortunately was orphaned at a young age.
I stay with my mother who also operates a retail shop.
The kids are in lower primary.
I am a lay reader in our local church and also the current Parish Secretary.
I have plans to train as a Vicar.

My Business

I have ventured into selling Electricals and Plumbing parts, fittings and also offer advice to those who are building. I source for my items both locally and in Nairobi.
The items vary in terms of profitability with the first moving items returning small margins whereas the slow moving items providing decent profits.
My main clients are people constructing houses, those seeking to improve theirs and those doing repairs.
I am still in the marketing stages of the business and creating awareness on the same so that I can have clients aware of my products and services.
Capital has been a great challenge to my business and I have had to rely on family for support.

Project Proposal

I intend to purchase LED bulbs for resale. My area has many homes that have electricity and hence homes need quality bulbs. A bulb goes for between Kshs 60 to Kshs 90 and retails for a minimum of Kshs 100.
With the funding I will be able to purchase at least 50 bulbs and turn them around in about 2-3 weeks and improve on my stock levels. I can then use the proceeds to repay the loan as well as improve on stock levels

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$30.00

Date disbursed

May 16, 2023

Other projects

Dec 2016:  $5

Mar 2017:  $8

May 2017:  $12

Jun 2017:  $18

Aug 2017:  $28

Feb 2018:  $40

Apr 2018:  $40

Apr 2019:  $40

Jun 2023:  $32

Jul 2023:  $40

Sep 2023:  $45

Oct 2023:  $69

Backers

dlpringle

Denver, United States

Damaris

Delmonte Thika, Kenya

A

Anonymous

United States

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  • Benson    Oct 18, 2023

    Thank you Lilian and Joyce for funding my project. I am grateful for this. I will use the project money to purchase LED bulbs for my electricals shop and also to stock my Coca Cola issued cooler. I expected my earning to increase by at least 7% despite the tough times.

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  • Benson    Oct 18, 2023

    The Last grant allowed me to purchase LED bulbs and LED Bulkheads
    My earnings grew by almost 12% in terms of profits.
    As a result, I have been able to pay for swimming lessons for my Grade 3 daughter and its a good feeling.

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  • Benson    Sep 1, 2023

    Thank you very much for funding my project. I can now be in a position to purchase the bulbs as I intended. I will buy bulbs worth $30 and another $15 use purchasing LED Security lights for sale at my shop

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  • Benson    Sep 1, 2023

    The LED Bulbs projects is still lucrative.
    I was able to support my kids on their holiday practicals with the profits I made from the sale of the bulbs.

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  • Benson    Jul 15, 2023

    Thank you all for accepting to fund my project. I will be able to purchase more LED bulbs and also rechargeable bulbs as well.
    My inventory levels will grow

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  • Benson    Jul 15, 2023

    The LED bulbs have been a great idea and people have taken in on them because they save energy, last longer are affordable and produce better light.
    The profits have have been used to add more stocks.
    I also used part of the proceeds to buy my kids who are in primary school sewing kits for their Home Science practicals.

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  • Benson    Jun 14, 2023

    Thank you very very much for support in financing my project at this point in time. I intend to use the funds to purchase LED bulbs including colored bulbs which are on high demand. My area has many houses currently being connected to electricity and there is a high demand for bulbs and electrical accessories

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  • Benson    Jun 14, 2023

    Hi everyone
    I was able to purchase LED Bulbs for my shop at a very affordable cost price and turn them over for a profit. My customers were impressed with my business idea since I supplied them with quality bulbs at a very good price as compared to what was previously available.
    The profits from the sale allowed me to stock up on more bulbs and this time a larger variety.
    I also expect to add a few floodlights since they have very good margins.
    More homes are connecting to electricity and this means that a market for bulbs will always be there

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  • Benson    May 16, 2023

    Thank you so much for funding my project.
    My business plan is to purchase 45 assorted AC LED bulbs with a price range of between $0.5 to $1 and retail them at approximately $1.5 and the margins on returns will help me purchase more stocks.
    Much appreciated for the support accorded to me.
    Thank you dlpringle, Thank you Damaris, Thank you Anonymous

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  • Benson    May 13, 2019

    I ventured into a new line of business where I buy and sell firewood, building poles and used iron sheets. I has come at such a good time when people around here are upgrading their houses so supply is good and many institutions are looking foe firewood.

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  • Benson    May 8, 2019

    Business is slowly picking up from a momentary lull.
    Firewood is still very marketable and still good trade.
    Thank you the assistance

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  • Benson    Apr 22, 2019

    I will use this money to purchase poles and pieces of firewood. This is the item that sells currently

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  • Benson    Mar 22, 2019

    I used the loan to settle school fees for my son. It was of great help.

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  • Benson    Mar 15, 2019

    Sorry for the delayed payment of my loan arrears.
    I have a few problems that greatly affected my income stream, business and lifestyle
    Thankful that I have resolved the issues I had and I have been in a position to settle my account.
    I am slowly trying to rebuild my business.
    Thank you lenders for your patience
    Thank you

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  • Longinus    May 31, 2018

    Benson has promised to pay his loan on 3rd June, I will keep on reminding him so that he own his promise.

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  • Benson    Apr 28, 2018

    Thank you very much for finding it in your heart to fund my loan request.
    As I had stated the loan is for fees for my first born son Taji who is in pre-primary 1 and will be reporting to school on Monday 30th April, 2018.
    Once again thank you for this.

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  • Benson    Apr 27, 2018

    Zidisha has really come through for me. For example I can now afford to buy items in cash for resale.
    I have recommended Zidisha to many individuals who trade as I do.

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  • Benson    Feb 28, 2018

    Thanks for accepting to fund my loan.
    I will use the funds to increase the capacity of my shelves since what I have are smaller and the balance I will use to increase inventory.

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  • Benson    Feb 28, 2018

    It has been a while ever since I took a loan through Zidisha. I was working on a system where I could give the business more of my time.
    Finally its possible. I spend more and more time at my shop and this will see the number of clients visiting grow and translate into good returns
    I hope to count on your support through this period.

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