Name
Ann
Member since
May 2015
On-time repayments
302 installments • 46%
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.
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.
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.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 14, 2015
Repayment status
On Time
Projected term
8 months
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Amount repaid
$105.14
Amount remaining
$0.00
Date repaid
Jan 12, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 24, 2015 | $5.53 | May 24, 2015 | $5.53 |
May 31, 2015 | $5.53 | Jun 15, 2015 | $5.53 |
Jun 7, 2015 | $5.53 | Jun 15, 2015 | $5.53 |
Jun 14, 2015 | $0.04 | Jun 15, 2015 | $0.04 |
Jun 21, 2015 | $2.22 | Jun 21, 2015 | $2.22 |
Jun 28, 2015 | $2.22 | Jun 27, 2015 | $2.22 |
Jul 5, 2015 | $2.22 | Jun 27, 2015 | $2.22 |
Jul 12, 2015 | $2.22 | Jul 7, 2015 | $2.22 |
Jul 19, 2015 | $2.22 | Jul 18, 2015 | $2.22 |
Jul 26, 2015 | $2.22 | Jul 25, 2015 | $2.22 |
Aug 2, 2015 | $2.22 | Aug 3, 2015 | $2.22 |
Aug 9, 2015 | $2.22 | Aug 10, 2015 | $2.22 |
Aug 16, 2015 | $1.11 | Aug 10, 2015 | $1.11 |
Aug 23, 2015 | $23.33 | Aug 15, 2015 | $23.33 |
Aug 30, 2015 | $2.22 | Sep 1, 2015 | $2.22 |
Sep 6, 2015 | $0.00 | ||
Sep 13, 2015 | $3.33 | Sep 13, 2015 | $3.33 |
Sep 20, 2015 | $3.33 | Sep 22, 2015 | $3.33 |
Sep 27, 2015 | $3.33 | Sep 27, 2015 | $3.33 |
Oct 4, 2015 | $3.33 | Oct 5, 2015 | $3.33 |
Oct 11, 2015 | $3.33 | Oct 12, 2015 | $3.33 |
Oct 18, 2015 | $3.33 | Oct 23, 2015 | $3.33 |
Oct 25, 2015 | $3.33 | Oct 30, 2015 | $3.33 |
Nov 1, 2015 | $0.00 | ||
Nov 8, 2015 | $1.11 | Nov 14, 2015 | $1.11 |
Nov 15, 2015 | $1.11 | Nov 14, 2015 | $1.11 |
Nov 22, 2015 | $1.11 | Nov 27, 2015 | $1.11 |
Nov 29, 2015 | $1.11 | Nov 27, 2015 | $1.11 |
Dec 6, 2015 | $1.11 | Dec 7, 2015 | $1.11 |
Dec 13, 2015 | $1.11 | Dec 7, 2015 | $1.11 |
Dec 20, 2015 | $1.11 | Dec 26, 2015 | $1.11 |
Dec 27, 2015 | $1.11 | Dec 26, 2015 | $1.11 |
Jan 3, 2016 | $0.00 | ||
Jan 10, 2016 | $5.56 | Jan 10, 2016 | $5.56 |
Jan 17, 2016 | $6.28 | Jan 12, 2016 | $6.28 |
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