Daisy
Nairobi, Kenya
100% repaid
Name
Daisy
Member since
May 2014
On-time repayments
107 installments • 55%
I never knew being a single mum was such a challenge until i lost my job in january 2014. After applying to several jobs and attending various interviews without success, i decided to start my own business since am a trained caterer. i borrowed materials needed from a shop and made samosas that i sold to Daystar university students staying next to my place. The reception was superb and i must say students loved my samosas. I've never looked back since. I'm glad my best hobby is cooking so i sure enjoy what i do.
Since my samosa business had never disappointed me, i decided to expand the business a bit and add beef and pork sausages to the list of snacks that i made. The competition favoured me since i was the only one who sold door to door so i sold the most as compared to the rest who sold in small restaurants. Students love snacks so i was sure the business would do well and i will be able to repay the loan as agreed from the profits made weekly. I used the profits to buy more tools for use in the business and saved the rest, so repayment was not such a burden. Starting 2015, i expanded to a small restaurant serving all kinds of food and drinks and even changed location of the business to my home area. The business is doing good though i needed to add other equipment to add efficiency. So when i got my past loans, i bought more equipment and also managed to buy seats and tables since my customers had to sit somewhere to enjoy their meals. I must say the business is doing well and i am happy with the progress.
If i get this loan, i will be able to purchase a food warmer for warming the samosas and a beef mincer for mincing the beef on my own. currently i use a hired mincer and its i bit costly for my business. Also, cold samosas do not get sold so i run at a loss if i don't sell immediately before they get cold. A food warmer will cost me about $50, and a mincer about $30. Am confident that my business will prosper after getting these two things since they are the main challenges to it.
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$93.00
Date disbursed
Jun 21, 2014
Repayment status
On Time
Projected term
7 months
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