Buy a modern oven for my bakery

Ann Migwi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ann Migwi

Member since

May 2015

On-time repayments

302 installments  •  46%

About Me

My name is Ann Migwi born and raised up in Muranga county in the central region of Kenya.

However, I navigated life safely into adulthood after having covered primary and secondary school education. I then left home to join Daystar University in the Nairobi City where I pursued my degree

I graduated and later secured a job in contract bases. Since then, I have been doing baking services having been trained in this area while still doing my degree course.

My Business

I am in baking business where I make cakes for all occasions like weddings, birthdays, anniversaries etc. I also do confectioneries such as queen cakes and supply them to retail outlets. I do this on a very small scale since I do not have adequate capital to expand and market my products effectively.

I also use makeshift oven which is not only slow but its finished product is now what it would really be if I was using a modern oven. There is a huge potential for the business since I live in a densely populated area where I am assured of demand all the time.

I am currently making about $300 from the business but half of it goes into covering my overheads. I am currently running the business from home so as to cut the expenses.

In enhancing my knowledge and improving my skills,I have doing this through YouTube which flexible and easily accessible. I have been able to impact the community by training them on how to use YouTube as a mechanisms to get skills,which is more cheaper as compared to attending class which one may incur huge amount of money.

Loan Proposal

If granted this loan, I will use the money to buy an oven for my baking business. A new oven will cost me $220 and this loan together with assistance from some family members will make this a reality. The acquisition of this oven will mean better quality products and the production will take a shorter time.

This will definitely lead to more sales and hence more profitability.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.13

Date disbursed

May 14, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $3.75

Ann opted to pay $24.91 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

H

halisi

assenede, Belgium

H

howard

Vence, France

Laparo

Dusseldorf, Germany

C

christine

Switzerland

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