Total loan: $3,450
Mbale, Eastern Region, Uganda / Wholesale
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A loan helped To buy products and rent warehouse space.
Esther is a 22-year-old entrepreneurial young lady who recently completed her higher level of education. She’s been engaged in business for the last three years mostly conducting product promotions for fast moving goods in Mbale district in Eastern Uganda. It was while carrying out one of these product promotions that she was recommended to become part of a youth energy promotion campaign that was being championed by a non-government organization in the eastern part of the country. She emerged as one of the most entrepreneurial and best salespersons, meeting most of her sales targets during the campaign. This was attained with support from her mother’s women's group networks who made up most of her customer base. During the campaign, Esther also managed to involve her mother in the sale of clean energy products and with the business growing she intends to stock more products. However the limited capital, warehousing space challenges and the lack of proper transportation has been limiting her ability to grow her business and reach most of her customers, especially the women's groups through which she sells most of the products and who are in great need of the cook stoves and water filters. Esther is proud to be improving the lives of her family members, especially her mother who now earns extra income by selling clean energy products and also the people in her community, who are able to save from improved fuel use and able to improve their health through the reduction in indoor air pollution. Esther plans to use part of the profits from her business to enroll in a law course at a nearby university. Her aspiration is to become a leading entrepreneur in the renewable energy sector and a successful business woman in her community. She wishes to engage most of her family members into the renewable energy business and expand her network of customers to different parts of eastern Uganda. The loan will make it possible for Esther to grow her business by increasing her stock levels, so that she saves time and transportation costs, by not having to travel as often to replenish her stock in order to meet the high demand for stoves in her region. A portion of the loan will go towards leasing warehousing space and hiring a pick up van that will make it easy for her to reach the rural communities and reduce on transportation costs that currently significantly reduce her take-home earnings. This will enable her to achieve her objective of being a successful entrepreneur.