Boost stock in reparation for christmas festive season sales
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
Dear Zidisha lenders,thanks for much support that you have always given me .I would like to propose that give that loan I will use it to increase my stock of key ingredients for the making of queen cakes & Mandazi as follow:-
Baking flour at US Dollars 120
Cooking oil at US Dollars 50
the above budget will enable me have enough stock in preparation for Christmas festive season sales of which it is always the best time of doing business high sales.My promise is to remain faithful always and possibly doing my repayments before time .Looking forward to your wise consideration thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$170.00
Date disbursed
Dec 5, 2014
Repayment status
On Time
Projected term
3 months
Other loans
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