Baking products and hot pots for my snacks supply

Lydia

Ogembo, Kenya

7% repaid

Entrepreneur

Name

Lydia

Member since

March 2017

On-time repayments

54 installments  •  67%

About Me

I am a 26 year old woman. I am married with one children. I went to school at iterio primary school and later attended bombaba secondary school. Due to financial difficulties I would go further with my education so I started a small business of baking and distribution of donuts so help myself en my siblings to complete school.

A few years later I got married and I am blessed with a son. Now my goal is to give him the best that I wouldn't get thus the reason I work hard. I teamed up with my husband to do this business and so far It's going fine despite the ups and downs that happen from time to time.

My Business

My business is cooking donuts and distribution of the same. I distribute this products to local schools and shops. My main part is the cooking and my husband does the distribution. From a 2kg of baking flour I make a profit of Kshs 200 that's after taking of all cost incurred, in a good day I can sell upto 6 packets but averagly I sell 5 packets. This gives me a profit of Kshs 1000. In a month I make at least Kshs 30000

Loan Proposal

First let thank all my lenders who stood by me and trusted me with their money your help has been great and it boosting my business.
I would like to request for another loan of 95 dollars, I will invest this loan in purchase baking products products and hot pots to ensure I deliver fresh snacks to my customers. The hot pots will also be of great help in this rainy season.
This how I will spend the loan
1. 3 hot pots for making delivery at 15 dollars each =45 d0llars
2. 6 packets of baking flour at 2 dollars each =12 dollars
3. 10 litres of cooking oil at 25 dollars
4. Baking ingredients like baking powder, yeast and others at 13 dollars
the total amount will be 95 dollars.
I hope you will keep your faith in me and help me achieve my goals through funding my loan.
Thanks in advance and may God bless you abundantly.

Feedback

1

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  • David    Mar 7, 2018

    Although the loan took a little longer than originally planned, Lydia posted comments to explain the situation. I appreciate the communication and reliable repayments.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$93.00

Date disbursed

Mar 8, 2018

Repayment status

Late

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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