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
Boost the business cake which is on going.to upgrade the baking equipment which will increase the revenue
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$553.71
Date disbursed
Mar 22, 2020
Repayment status
Late
Projected term
17 months
Cost to entrepreneur
Service fee: $42.99
Credit risk payment:
$85.99
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