Baking flour for my mandazi (fried dough) business
Evans
Kayole, Kenya
2% repaid
Entrepreneur
Name
Evans
Member since
April 2017
On-time repayments
52 installments • 31%
About Me
I was born and grew up in Kwale county. I am currently living inKayole with my family. My dream in future is to expand my business so as to have great impact in my life.
During my free time I love watching movies and playing football
My Business
My main work is to cook Mandazi and as well supply the to my customers far and near although i also sell for the near ones.i decided to start the business due to its sustainability and gives me time to be with my young family. in 2009 when i started the business i had no education background and no skills to search for employment and suing my little saving from saving i could start this business. my biggest challenges are 1. Transport of the products to my customers especially during rainy season
2. Constant supply of floor and oil in the area
3. Less manpower
My goal is to own a pick up to help in transport of my products and daily suppliers from the large suppliers so as to cut my costs am so proud of my business that i can comfortably meet my basic and that of my family without a lot of strain.
Loan Proposal
iam going to spend this loan in buying the following Baking flour 10 bundles at ksh 50,000.With this purchase i expect to reduce the transport cost to the market every evening and also to try other markets cause i only buy enough to meet my customers needs. With this market expansion iam looking at reaching more people and thus be in position to increase my market share in the few months more especially during this rainy season many people tend to drink a lot of tea.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$495.00
Date disbursed
Jul 18, 2017
Repayment status
Late
Projected term
116 months
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Summary
Amount repaid
$8.89
Amount remaining
$486.00
Expected completion
Nov 18, 2017
Status
Repaying late
Installment amount
$54.99
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 29, 2017 | $0.99 | Jul 25, 2017 | $0.99 |
| Aug 5, 2017 | $0.99 | Aug 5, 2017 | $0.99 |
| Aug 12, 2017 | $0.99 | Aug 12, 2017 | $0.99 |
| Aug 19, 2017 | $0.99 | Aug 20, 2017 | $0.99 |
| Aug 26, 2017 | $0.99 | Aug 27, 2017 | $0.99 |
| Sep 2, 2017 | $0.99 | Sep 14, 2017 | $0.99 |
| Sep 9, 2017 | $0.99 | Sep 14, 2017 | $0.99 |
| Sep 16, 2017 | $0.99 | Sep 14, 2017 | $0.99 |
| Sep 23, 2017 | $54.99 | Sep 23, 2017 | $0.99 |
| Sep 30, 2017 | $54.99 | ||
| Oct 7, 2017 | $54.99 | ||
| Oct 14, 2017 | $54.99 | ||
| Oct 21, 2017 | $54.99 | ||
| Oct 28, 2017 | $54.99 | ||
| Nov 4, 2017 | $54.99 | ||
| Nov 11, 2017 | $54.99 | ||
| Nov 18, 2017 | $47.06 | ||
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