Buy 7 bales of wheat flour for mandazi baking

John

Nyeri, Kenya

100% repaid

Entrepreneur

Name

John

Member since

March 2016

On-time repayments

91 installments  •  10%

About Me

I grew up in Nyeri county in kathiani division and had a normal life. I am still in Kathiani though I moved from one area, othaya, to Kathiani. My dreams are to employ myself by expanding my business and become one of the best businessmen in the world.

When I was young, I used to make and sell ice cream when I went to play soccer at the local field. I have started several small businesses while I have been in school, and although sometimes I have the challenge of finding capital, my businesses have all been successful. I hope to one day open a sports academy to help youths nurture their talents while they are still young.

My Business

Apart from selling mandazi (a type of doughnut) to the community, i have another business which mainly entails making of metallic products and selling them at a profit. I make products like Wheel barrows, spades, rakes, jikos,hummers, chicken feeders,hinges, metallic sieves, jembes,trowels among many other products.

I started this business after a friend introduced me to it as a casual laborer. After gaining experience i saw it to be a suitable viable business for me to indulge in.

My customers come from both far and near, mainly Nyeri county residents and retailers who buy in large quantities to go and supply in other areas of the country. I have greater goals of opening more outlets and employing many more other youth at least to enable them earn an income.
In a month i make profits of upto $ 250 which i use to expand my businesses more and cater for my family needs.

Loan Proposal

The loan will be used to buy wheat flour (Unga Ngano) for baking Mandazi.
one bale is sold at a cost of Ksh.1500 and i will use 1 bale of twelve packets daily. The amount is enough to buy 7 bales for one week.

The profits that will be generated daily will improve the outlook of my business and support my family upkeep.
The future of improved profits will support us build a house in our rural area for the family. As a result our stability will be assured in the business and the support towards the education of our children will be accomplished at the same time repay the loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 22, 2016

Repayment status

On Time

Projected term

2 months

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