Meet Bukola
Madam Bukola is a very much hands on woman who plies her trade with deep conviction in the grace and
mercies of God. As
limiting as her education is, she is very much interested in learning new things and how it can
further help her
business in order for her to meet with financial obligations. Madam Bukola is a widow with children
born in the year
1952.
At the onset of the training, madam Bukola’s trade was in the making of Antiseptic, Soaps and Olive
oil. While it is not
very clear how she is able to sell Olive oil, however she did mention that she had to undergo
training to master the
craft of soap making and antiseptic insecticides.
Of course, as is with most of the participants, her financial literacy level was almost nonexistent
and her model had
always been that all that she earns from selling is for the upkeep of the house. This model had not
only made a mockery
of all the hard work she had put into the business but has been the sole reason why her business was
stagnant.
Learning during the training modules, her primary take home was knowing what overhead costs were and
how to properly
address them.
After a temporary set-back, she picked up her business in February, 2021 and started with an initial
sum of N14,000 as
start up capital. In the first month of training, her soap stock was valued at N45,000. With what
she has learnt, she
has been able to identify a distribution network that is amendable to her own strategy and now has
bigger orders.
In keeping with the training where participants were taught how to discontinue bleeding businesses
and explore
alternative viable ones which is part of spotting trends, Mrs. Olosunde had to discontinue her
antiseptic business which
had the higher revenue. Her reasons were cogent as she alluded that the material cost of producing
was at an all time
high and it made no sense to tie down money like that without buyers willing to take up the
increased cost.
Impact of the Seed Grant
The Seed Grant paved way for the following:
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1. Restock in higher quantities material needed for liquid soap washing
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2. Able to make multiple orders down to attract new customers
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3. Profit from sales now allows her initiate a savings culture that is more robust.