What’s the name of you business?
It’s called Faba Investments.
What exactly do you deal in at Faba Investments?
We sell mattresses, bedcovers, towels, bedsheets, fans, TV stands, blankets, duvets and carpets.
Where is this business located?
How much was your capital to start Faba Investments?
We started with Shs5m.
How much is it worth now?
It’s worth Shs25m.
How much do you earn on a good day?
Between Shs300,000 and Shs400,000.
And on a bad day?
Between Shs30,000 and Shs50,000.
How have you benefited from this business?
I have set up another branch in the same line of business in Bwaise, and I have also bought a plot of land from the business.
How much are your products?
They vary depending on what the customer needs. Blankets range from Shs70,000 to Shs120,000, duvets go for Shs120,000, towels go for Shs20,000, mattresses go for Shs160,000 to Shs180,000 depending on the size and type, bedsheets range from Shs60,000 to Shs150,000 and glass tables from Shs120,000 to Shs250,000.
What are some of the challenges in this business?
Glass products are easily damaged, there is also price fluctuation and the taxes are so high.
Who are your clients?
I get people from all walks of life.