Equipment s for bakery and inventory to supplement a supply

Brian

Nairobi, Kenya

11% repaid

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How it Works

Entrepreneur

Name

Brian

Member since

February 2016

On-time repayments

225 installments • 3%

About Me

I am 27 years old graduate in Marketing .After a year of multiple layoffs, and a struggling economy it never occurred to me that my longtime love for baking could be more than a personal hobby .After deciding to take a chance, it became evident that opening a bakery brought its own set of unique challenges, stresses, and rewards .I started baking classes and now am baking for business. From the feedback i have gotten from my consumers i decided to start La creme bakery which has given me hope for a better future.

My Business

My business entails baking cakes , cupcakes and bread from home ,with my clients ranging from neighbours, corporates and hotels. The business is growing and i want to add bread on my baking menu.Most of the profit i get from this business is ploughed back into the business mainly for buying inventory.inventory. I am hoping to raise $500 by the end of the year to buy more equipment's and hire one employee to help with the distribution.If i get this loan i will be able to supplement an order to a school which i was unable to due to the size of the order and the money required.

Loan Proposal

My business entails baking cakes , cupcakes and cookies from home ,with my clients ranging from neighbors, schools and hotels. .If i get this loan i will be able to supplement a pending order to a school which i was unable to due to the size of the order and the money required.I hope to supply free bread to a children s home if i manage to get 1 more order .I will buy:
Bakery oven =$100 Loan+$200 business savings
10 Baking tins ( fabricated) =@$5.5
Hire 1 person =$50+$50 profit from the business
Cost of making 1 bread =$0.2
Selling $0.4 for every bread,supplying 50 breads daily .
Profit =$0. 20 per bread,$10 daily,$70 weekly,
Repayment weekly =$0.4
This loan will help me get more orders in future.God bless you as you consider my loan application.