Add stock to my small backery business
Geoffrey
Eldoret, Kenya
100% repaid
Entrepreneur
Name
Geoffrey
Member since
May 2014
On-time repayments
135 installments • 66%
About Me
I am 39 years old married to one wife with 2 children,the eldest daughter is in primary school class 5 while the younger is a son in baby class..
I am an accountant with Eldohosp Pharmaceuticals ltd. A private firm doing pharmaceuticals products distribution in Kenya.
I live in a slum estate known as Kamukunji /Bondeni in old Uganda road after Gituro quarry ,ask for moon light plot is well known house number 31 and 32 . plot number is 18/529/007
My wife and I started the small bakery business to boost our income to enable us have multiple streams of income so that we may have financial freedom.
My hobbies is listening to gospel music and reading the bible and traveling and my free time I go around the estate preaching to people and witnessing to the people about Jesus Christ as the Lord and savior
My Business
My business is Mandazi and queen cakes small bakery in Kamukunji / Bondeni estate of Eldoret .
We started the business two years ago ,our source of the earning from my employment and also the profit I make from the business.
The goods I sell to my customers are mainly Mandazi and queen cakes
Our customers prefer our business because we are always there to serve them and they never find us closed also my wife holds a certificate in comprehensive cookery and very soon will be doing diploma in the same these year starting April,her knowledge in the product enables our business to offer the best .Infact she is the one who is in full time in the job while most of my time Iam at my place of work,She is agood manager.
The business is profitable because there is high demand for the products that we are selling to them.The estate is densely populated .The risk my business faces is scarcity of products due to some times we unable to serve the entire population .
My typical monthly cost of running the business is US$ 205 while Gross profit or income before these expenses is usually approximately US$ 400.
Loan Proposal
My business is a Mandazi and queen cakes small bakery in Kamukunji / Bondeni estate of Eldoret .
We started the business one years ago ,our source of the earning from my employment and also the profit I make from the business.
The goods I sell to my customers are mainly Mandazi and queen cakes
Our customers prefer our business because we are always there to serve them and they never find us closed also my wife holds a certificate in comprehensive cookery and very soon will be pa suing diploma in the same,her knowledge in the product enables our business to offer the best .
The business is profitable because there is high demand for the products that we are selling to them.The estate is densely populated .The risk my business faces is scarcity of products due to some times we unable to serve the entire population and also political instability and ethnicity.
My typical monthly cost of running the business is US$ 185 while Gross profit or income before these expenses is usually approximately US$ 390.
About Me
I am 39 years old married to one wife with 2 children,the eldest daughter is in primary school class 5 while the younger is a son in baby class..
I am an accountant with Eldohosp Pharmaceuticals ltd. A private firm doing pharmaceuticals products distribution in Kenya.
I live in a slum estate known as Kamukunji /Bondeni in old Uganda road after Gituro quarry ,ask for moon light plot is well known house number 31 and 32 . plot number is 18/529/007
My wife and I started the small bakery business to boost our income to enable us have multiple streams of income so that we may have financial freedom.
My hobbies is listening to gospel music and reading the bible and traveling and my free time I go around the estate preaching to people and witnessing to the people about Jesus Christ as the Lord and savior
My Business
My business is Mandazi and queen cakes small bakery in Kamukunji / Bondeni estate of Eldoret .
We started the business two years ago ,our source of the earning from my employment and also the profit I make from the business.
The goods I sell to my customers are mainly Mandazi and queen cakes
Our customers prefer our business because we are always there to serve them and they never find us closed also my wife holds a certificate in comprehensive cookery and very soon will be doing diploma in the same these year starting April,her knowledge in the product enables our business to offer the best .Infact she is the one who is in full time in the job while most of my time Iam at my place of work,She is agood manager.
The business is profitable because there is high demand for the products that we are selling to them.The estate is densely populated .The risk my business faces is scarcity of products due to some times we unable to serve the entire population .
My typical monthly cost of running the business is US$ 205 while Gross profit or income before these expenses is usually approximately US$ 400.
Loan Proposal
When I get this loan, it will help me pay for buy:-
1)- flour amounting to 58US Dollars
2)-Cooking oil amounting 10 US Dollars
Those are the main ingredient and commodity for making cakes and mandazi.I do believe strongly that with the help from lenders and Zidisha I will be able to increase my stock and satisfy my customers and through that my goal of reaching the entire community will come to reality. I know very well l am going to pay back the loan because of the profit I make per day and also the from my monthly earning from employment.
The business is profitable because there is high demand for the products that we are selling to them.The estate is densely populated .The risk my business faces is scarcity of products due to some times we unable to serve the entire population and also political instability and ethnicity.
My typical monthly cost of running the business is US$ 185 while Gross profit or income before these expenses is usually approximately US$ 390.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$68.00
Date disbursed
Oct 11, 2014
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
Sacramento, United States
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