Buy a laptop computer for freelance writing

George Kariuki

Limuru, Kenya

100% repaid

Entrepreneur

Name

George Kariuki

Location

Limuru, Kenya

On-time repayments

56 weekly installments  •  80%

About Me

I'm a passionate baker.Nevertheless,I.m trained in High School language teaching.
I settled in the baking industry after dabbling in various businesses in diverse sectors including farming and transport.I chose the food sector owing to the fact that food is non seasonal and a mandatory item on the family budget.
My permanent address is Limuru township ,a town 25 km from the capital and renowned for the entrepreneurial spirit of her people.I resigned from my day job early last year to concentrate in my business,something that I always dreamed of.
I'm the sixth born in a family of ten ,something that taught me the art of coexistence and team play ;which are necessary essentials in business.
I'm seeking a partnership with lenders from the Zidisha forum for now and in the future expansion of this promising business.

My Business

Bread baking and selling is my business.My average monthly sales are usd 1500 with profits of usd 375.
Sweetfest bakery has been in operation for the last 1 year.It is strategically located in a densely populated residential area within Nairobi's Industrial area.
Currently,I sell 100 loaves daily against a backdrop of 500 loaves daily target by end of 2014.
My strength is in retailing a low cost bread to a target market that is very price-conscious.The following factors enable me to sell my bread at a whooping kes 10 lower than my competition;
a]Use of sweet flour composite flour
b]No transport costs as the bakery is within the target market
c]Reduced packaging costs
d]Use of low cost fuels
Competition and cash flow are the main challenges .My response to competition has been in strategic pricing.I also intend to enhance my sales by stocking other breakfast essentials mostly milk to ensure a one stop breakfast shop.
The investment advanced will be used to source raw materials in bulk thus enhancing my cost cutting measures.

Loan Proposal

I plan to get into online freelance writing. I have received training on the same and since my baking business is usually a morning and evening affair, I can be writing during the day to earn an extra income. I plan to add to this loan and buy a laptop.

Income Source

Online freelancing has continued to grow even with the current economic challenges. More businesses now have an online presence increasing demand for online writers who assist the businesses in their content marketing efforts.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$159.90

Date disbursed

Feb 23, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $7.99

Credit risk payment: $23.98

Lenders

G

guenter

Bremen, Germany

H

hilde

seattle, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

J

Jernej

Ljubljana, Slovenia

Emma

Australia

Ren

Minneapolis/StPaul, United States

BS

Brooke Schreier Ganz

Mill Valley, California, United States

Sayuri

United Kingdom

RT

Ravi Taxali

Markham, Canada

EG

Erik G

Switzerland

KM

Kirk Moore

Cerdanyola del Vallès, Spain

Jessica

WA, Australia

Heather

United States

HR

Helen Ross

United States

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