Entrepreneur
Name
Johnbosco
Member since
September 2014
On-time repayments
165 installments • 48%
About Me
My childhood education was back in the mid 90s. With all kind of struggling. I came to hate poverty. That's why i decided to come up with a project that it will generate at least a shilling per day.Most of my income from my current employee goes to my business. Im looking forward to have a business with a strong base foundation that will make meknown to the market with ease without incurring more expenses on marketing. I like reading motivational materials during my free time, to get to know how successful people came to make it in their life, how investors making their way in this industry of wealth creation.
My Business
Currently, my business is all about going green. making use of solar energy. Selling of solar products to people living in remote areas mostly those that are off-grid areas.
With my products in the market, most of my clients are able to obtain power through the sun. The products range from solar panels, solar batteries, dlight products, sunking pro400, sunking Boom among others. Have got lots of varieties that make me visible in every market that I visit. Currently, most of my clients actually preferred solar TV which I m also working towards it since is quite expensive. Since we also have some PAYG phones most clients have expressed interest in the same which I'm also doing my research to see if I can add to my catalog.
This business is most profitable as more and more people are shifting to green energy. Though my biggest target group is off-grid areas but still am also getting customers to those people living in on-grid areas.
Am still strengthening the business with the profit that I'm getting in this business.
The cost of one solar light varies depending on the manufacturing company, such as dlights s2 cost ksh.550 and market price is ksh. 950 which is almost double the cost price. sunking pro400 cost ksh. 2300 and the market price stand at ksh.4200. Solar panel 60w cost ksh.5200 while selling price is ksh.7200. Basically in each solar light, I get almost double the cost price which is very encouraging.
Loan Proposal
With this loan, am planing to boost my inventory further. Will ensure that I have each solar product in place am planing to penetrate to the marginalized community to provide them with clean energy, solar energy. This will greatly have positive impact to the community as they will be able to have access to clean source of energy.
Am planing to buy more stock of dlight A1 and Dlight S2 as these two are becoming hot cake in the market each and every day. buying dlight A1 at a cost of $3.8 and sale at $5.6 making a profit of $1.8. Dlight S2 cost $ 6.8 and retail at $9.5 making a profit of $2.7.
This will greatly boost my revenues.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$403.00
Date disbursed
Sep 5, 2017
Repayment status
On Time
Projected term
27 months
Lenders
Oslo, Norway
United States
Denmark
United States
United States
Spain
Ask Johnbosco a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Jan Mar 30, 2017
Leah Stemeroff Mar 30, 2017
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