Buy an oven for baking cakes

Lydia Oroko

Ogembo, Kenya

100% repaid

Entrepreneur

Name

Lydia Oroko

Location

Ogembo, Kenya

On-time repayments

47 weekly installments  •  62%

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

I would to invest this loan in an electric oven, this will help me introduce more products to my business, for instance I will introduce queencakes, birthday cakes and cakes generally, thus will help meet meet my clients orders as well as widen my clientele as well. An oven will cost me KES 14,000 with a loan of KES 8000 I will use some of my savings to top up to help me buy the oven.
I hope you will find my idea worth funding.
Thanks in advance.

Feedback

1

None

None

  • 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.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$83.28

Date disbursed

Dec 5, 2017

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: 5% of $83.28 = $3.74

Lenders

Stefano Bertolo

Luxembourg, Luxembourg

Carla

United States

MF

Mike Frawley

United States

David

Canada

Paul Buchheit

Mountain View, United States

Lee

Washington, DC, United States

Ask Lydia a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...