Entrepreneur
Name
Christine
Member since
March 2017
On-time repayments
55 installments • 35%
About Me
I am a home baker. I am married with nine children. I live with all of them including my husband. All of our children are in school. I am a stay-at-home mom who bakes to make money on the side. I bake using a charcoal burner for now, as I cannot afford the price of a gas oven.
The challenge with this is that when I get more than one order, I cannot bake them at the same time. I have to bake the cakes one by one. One time, I got three orders on the same day and had to forfeit two night's sleep because my charcoal burner can only bake one cake at a time. Another challenge is I cannot expand as quickly as I want to. I want to go into the whole range of baked goods and sweets but I find myself limited by my equipment.
A gas oven would go a long way in allowing me to expand my home business and hopefully make more profits. This, in turn, will help improve the quality of life for my family and ease the expenses overall of our family.
My Business
I bake cakes for all occasions: birthdays, weddings, anniversaries and any sort of celebration, including a 5-tier wedding cake I delivered to my client. So far, the business manages to pay bills and put food on the table even with limited equipment. I love baking, a trait I inherited from my grandfather who used to bake bread and supply to schools. My revenues vary from month to month, but on a good month I can make $500. After removing running costs for baking materials, the rest goes into school fees for the children. I find that I cannot expand as I would like because after paying fees, nothing is left over.
Loan Proposal
I intend to buy a commercial oven to enable me bake many cakes at once, and also add some commercial baking equipment like mixers.
About Me
I am a home baker. I am married with nine children. I live with all of them including my husband. All of our children are school. I am a stay at home mom who bakes to make some extra money on the side. I bake using a charcoal burner for now as I cannot afford the price of a gas oven.
The challenge with this is that when I get more than one order, I cannot bake them at the same time. I have to bake the cakes one by one. One time I got three orders on the same day and had to forfeit two night's sleep because my charcoal burner can only bake one cake at a time. Another challenge is I cannot expand as quickly as I want to. I want to go into the whole range of baked goods and sweets but I find myself limited by equipment.
A gas oven would go a long way in making me expand my home business and hopefully make more profits. This in turn will help improve the quality of life for my family and ease the expenses overall of our family.
My Business
I bake cakes for all occasions. Birthdays, weddings, anniversaries and any sort of celebration. I have been in the baking business for 4 years now. The picture up here shows a 5-tier wedding cake I was delivering to my client. So far the business manages to pay bills and put food on the table even with limited equipment. I love baking a trait I inherited from my grandfather who used to bake bread and supply to schools. My revenues vary from month to month but on a good month I can make $500. I bake at least 4 cakes every month, at an average cost of $20 each. I do at least 1 wedding a month at the cost of $250. After removing running costs for baking materials the rest goes into school fees for the children. I find that I cannot expand as I would like because after paying fees nothing is left over.
With this loan I would:
- purchase a gas oven at $539.90.
- refill gas cylinder with gas at $30.
- buy two additional extra large baking tins at $30.
- mini kitchen scale at $35.
- kitchen mixer at $359.95
Total cost: $994.85
Loan Proposal
I intend to buy a commercial oven to enable me bake many cakes at once, and also add some commercial baking equipment like mixers.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$995.00
Date disbursed
Mar 15, 2017
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
Summary
Amount repaid
$995.03
Amount remaining
$0.00
Date repaid
Apr 24, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 25, 2017 | $10.95 | Mar 18, 2017 | $3.98 |
| Mar 25, 2017 | $6.97 | ||
| Apr 1, 2017 | $10.95 | Mar 25, 2017 | $3.98 |
| Mar 31, 2017 | $6.97 | ||
| Apr 8, 2017 | $10.95 | Mar 31, 2017 | $3.98 |
| Apr 8, 2017 | $6.97 | ||
| Apr 15, 2017 | $10.95 | Apr 8, 2017 | $3.98 |
| Apr 24, 2017 | $6.97 | ||
| Apr 22, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Apr 29, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| May 6, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| May 13, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| May 20, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| May 27, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 3, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 10, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 17, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 24, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 1, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 8, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 15, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 22, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 29, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 5, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 12, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 19, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 26, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 2, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 9, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 16, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 23, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 30, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 7, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 14, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 21, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 28, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 4, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 11, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 18, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 25, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 2, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 9, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 16, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 23, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 30, 2017 | $10.95 | Apr 24, 2017 | $10.95 |
| Jan 6, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jan 13, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jan 20, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jan 27, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Feb 3, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Feb 10, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Feb 17, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Feb 24, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Mar 3, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Mar 10, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Mar 17, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Mar 24, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Mar 31, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Apr 7, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Apr 14, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Apr 21, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Apr 28, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| May 5, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| May 12, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| May 19, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| May 26, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 2, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 9, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 16, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 23, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jun 30, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 7, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 14, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 21, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Jul 28, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 4, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 11, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 18, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Aug 25, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 1, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 8, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 15, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 22, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Sep 29, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 6, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 13, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 20, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Oct 27, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 3, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 10, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 17, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Nov 24, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 1, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 8, 2018 | $10.95 | Apr 24, 2017 | $10.95 |
| Dec 15, 2018 | $9.95 | Apr 24, 2017 | $9.95 |
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