• LB0003 - Hawa told our project that she could double or triple her income if she got a small investment so that she could buy the goods she sells in bulk. In March she got a $100 investment and within 6 months she has grown her business by over $540%.  She has now added more products and she needs further investment to continue to grow her business, create jobs for her family and if she finishes her home her entire family will save on rent.

Published
$335.00 of $500.00 goal
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About The Project

$500 is needed to continue to grow her business as the lock down eases.
$200 is the amount of savings her family is investing.

Hawa was one of the first to let us know that the reason petty vendors make so little money is that they have to buy at retail and sell with almost no markup.  But that if they got some investment they could buy in bulk much cheaper, then sell at a better price and still make more profit.  In March with only a $100 investment her business sales jumped 310%!  By July her sales increased 455%.  

This business aims to scale its product portfolio, equipping it with tiles, paints, zinc, panels, doors, and windows, all essential building components for local business owners to build their own stores. She has also added selling used clothes and drinks, etc.  Not only will this provide new employment for those working at the Hawa Sherrif Materials store but it would a valuable resource for near-by, aspiring founders whose only other option at the moment is to drive a far distance to Monrovia.


Paying it Forward

Paying it forward to 4 other families.  During the lockdown Hawa helped a disabled man named John as well as helped to volunteer to get rice, masks and washing stations to neighbors.  She also shares some of what she earns with two students and another family trying to start a business.  Your investment will also be the catalyst to develop two other businesses within the Sheriff family. It will provide support for Hawa's niece, Mamie, to continue selling mineral water locally as well as the fresh fruit store of another family member, Fatu.

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Backstory

LB0003:  Hawa Sherrif is an ambitious community member living in Buchanan, Liberia who, upon deciding to scale her business, was able to get in contact with our research team at Princeton University. While leading a household of 8, this self-employed business owner has been able to run a local supply store all while putting 5 children through school. Thus far, Hawa has received some help through remittances from friends and family in the US, Ghana, and Guinea. However, as her kids grow older and school fees continue to mount, it has been nearly impossible to allocate any income towards scaling her business and generating real profit. By generating real profit from the materials store, Hawa hopes to finish construction on her family's home and put energy into her real passion as a seamstress - buying materials and even training other some neighbors. At a community level, Hawa is also passionate about improving the quality of health care provided in her region.

What's New

  • Mauricio Miller

    Goal Amount : $500.00

  • Jailany Thiaw

    Goal Amount : $500.00

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United Nations Sustainable Development Goals

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Information

Basic Information

  • Created By : Jailany Thiaw
  • Published On : May 3, 2020, 5:00 PM
  • Funding Ends : Dec 31, 1969, 4:00 PM
  • Backer :
  • Address : -
  • Phone : -
  • Email : -
  • Description : LB0003:  Hawa Sherrif is an ambitious community member living in Buchanan, Liberia who, upon deciding to scale her business, was able to get in contact with our research team at Princeton University. While leading a household of 8, this self-employed business owner has been able to run...  more

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Metrics

1225093 Liberian dollars

Business Income

1044480 Liberian dollars

Business Expenses

502002 Liberian dollars

Profit

123518 Number

Employees paid

Map

Location Information

  • Location : Buchanan, Liberia
  • Formatted Address : Buchanan, Liberia
  • Street Address : Buchanan
  • City : Commonwealth-B
  • State :
  • Country : Liberia