Buy solar lamps for resell

Richard

Nairobi, Kenya

100% repaid

Follow Richard

How it Works

Entrepreneur

Name

Richard

Member since

September 2018

On-time repayments

71 installments • 28%

About Me

I am Richard. I grew up in Western Kenya. I came to Nairobi for undergraduate studies at the University of Nairobi. In Nairobi, I have worked as an online marketing and tour consultant for 14 years. I run a blog at how.co.ke and an online business at hawlast.com.

My Business

I am as of March 2024 now back in Nairobi. My online business at hawlast.com is growing well and can cater to operations. I manage 30 websites for clients and get a small annual fee from each website owner. My services include search engine optimization, Speed optimization, and software development. The typical costs include hosting space for my website, rent, and internet connection costs.
Almost 70% profit from the business goes towards paying living expenses. This year I have got more customers and I will have some room to do digital advertising

Loan Proposal

I will buy solar lamps for resell. Actually, it is a good time to encourage Kenyans to buy solar lamps as the Kenya government has increased the price of kerosene. (https://www.capitalfm.co.ke/news/2018/09/erc-cuts-super-diesel-prices-but-kerosene-increased/)

I buy the lamps at USD 10 each and sell at USD 12. I ma incur some come expenses like bus fare, airtime during these transactions.

If I get more capital I will be able to buy more lamps at a lower price hence increase my profit and also help the community (clients) who pay me in installments. This is purely a social enterprise that I would help vulnerable members of society.