A commercial oven and mixers to expand my bakery business
Christine Kinga
Nairobi, Kenya
32% repaid
Entrepreneur
Name
Christine Kinga
Member since
March 2017
On-time repayments
55 installments • 35%
About Me
I am a home baker. I am married with nine children. I live with all of them including my husband. All of our children are in school. I am a stay-at-home mom who bakes to make money on the side. I bake using a charcoal burner for now, as I cannot afford the price of a gas oven.
The challenge with this is that when I get more than one order, I cannot bake them at the same time. I have to bake the cakes one by one. One time, I got three orders on the same day and had to forfeit two night's sleep because my charcoal burner can only bake one cake at a time. Another challenge is I cannot expand as quickly as I want to. I want to go into the whole range of baked goods and sweets but I find myself limited by my equipment.
A gas oven would go a long way in allowing me to expand my home business and hopefully make more profits. This, in turn, will help improve the quality of life for my family and ease the expenses overall of our family.
My Business
I bake cakes for all occasions: birthdays, weddings, anniversaries and any sort of celebration, including a 5-tier wedding cake I delivered to my client. So far, the business manages to pay bills and put food on the table even with limited equipment. I love baking, a trait I inherited from my grandfather who used to bake bread and supply to schools. My revenues vary from month to month, but on a good month I can make $500. After removing running costs for baking materials, the rest goes into school fees for the children. I find that I cannot expand as I would like because after paying fees, nothing is left over.
Loan Proposal
The loan is basically to buy commercial equipment such as a commercial oven, additional mixers and other baking equipment in order to increase sales.
I would also like to set up a website to market my cakes and be able to take orders online. This would greatly enhance sales by almost double.
I would also like eventually to build an additional kitchen to cater for my baking business.
About Me
I am a home baker. I am married with nine children. I live with all of them including my husband. All of our children are school. I am a stay at home mom who bakes to make some extra money on the side. I bake using a charcoal burner for now as I cannot afford the price of a gas oven.
The challenge with this is that when I get more than one order, I cannot bake them at the same time. I have to bake the cakes one by one. One time I got three orders on the same day and had to forfeit two night's sleep because my charcoal burner can only bake one cake at a time. Another challenge is I cannot expand as quickly as I want to. I want to go into the whole range of baked goods and sweets but I find myself limited by equipment.
A gas oven would go a long way in making me expand my home business and hopefully make more profits. This in turn will help improve the quality of life for my family and ease the expenses overall of our family.
My Business
I bake cakes for all occasions. Birthdays, weddings, anniversaries and any sort of celebration. I have been in the baking business for 4 years now. The picture up here shows a 5-tier wedding cake I was delivering to my client. So far the business manages to pay bills and put food on the table even with limited equipment. I love baking a trait I inherited from my grandfather who used to bake bread and supply to schools. My revenues vary from month to month but on a good month I can make $500. I bake at least 4 cakes every month, at an average cost of $20 each. I do at least 1 wedding a month at the cost of $250. After removing running costs for baking materials the rest goes into school fees for the children. I find that I cannot expand as I would like because after paying fees nothing is left over.
With this loan I would:
- purchase a gas oven at $539.90.
- refill gas cylinder with gas at $30.
- buy two additional extra large baking tins at $30.
- mini kitchen scale at $35.
- kitchen mixer at $359.95
Total cost: $994.85
Loan Proposal
The loan is basically to buy commercial equipment such as a commercial oven, additional mixers and other baking equipment in order to increase sales.
With this loan I would:
- purchase a gas oven at $539.90.
- refill gas cylinder with gas at $30.
- buy two additional extra large baking tins at $30.
- mini kitchen scale at $35.
- kitchen mixer at $359.95
Total cost: $994.85
I would also like to set up a website to market my cakes and be able to take orders online. This will greatly enhance sales by almost double, but this I will do in the near future.
I would also like to build an additional kitchen to cater for my baking business, which I will also do in the near future.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$986.38
Date disbursed
May 15, 2017
Repayment status
Late
Projected term
11 months
Cost to entrepreneur
Service fee: $41.52
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Summary
Amount repaid
$318.60
Amount remaining
$667.78
Expected completion
Apr 28, 2018
Status
Repaying late
Installment amount
$19.73
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 27, 2017 | $52.28 | May 27, 2017 | $52.28 |
| Jun 3, 2017 | $19.73 | Jun 3, 2017 | $19.73 |
| Jun 10, 2017 | $19.73 | Jun 10, 2017 | $19.73 |
| Jun 17, 2017 | $19.73 | Jun 19, 2017 | $19.73 |
| Jun 24, 2017 | $19.73 | Jun 24, 2017 | $19.73 |
| Jul 1, 2017 | $19.73 | Jul 1, 2017 | $19.73 |
| Jul 8, 2017 | $19.73 | Jul 10, 2017 | $19.73 |
| Jul 15, 2017 | $19.73 | Jul 18, 2017 | $19.73 |
| Jul 22, 2017 | $19.73 | Jul 28, 2017 | $19.73 |
| Jul 29, 2017 | $19.73 | Aug 5, 2017 | $19.73 |
| Aug 5, 2017 | $19.73 | Aug 5, 2017 | $19.73 |
| Aug 12, 2017 | $19.73 | Aug 19, 2017 | $19.73 |
| Aug 19, 2017 | $19.73 | Aug 19, 2017 | $19.73 |
| Aug 26, 2017 | $19.73 | Sep 26, 2017 | $19.73 |
| Sep 2, 2017 | $19.73 | Dec 1, 2020 | $9.86 |
| Sep 9, 2017 | $19.73 | ||
| Sep 16, 2017 | $19.73 | ||
| Sep 23, 2017 | $19.73 | ||
| Sep 30, 2017 | $19.73 | ||
| Oct 7, 2017 | $19.73 | ||
| Oct 14, 2017 | $19.73 | ||
| Oct 21, 2017 | $19.73 | ||
| Oct 28, 2017 | $19.73 | ||
| Nov 4, 2017 | $19.73 | ||
| Nov 11, 2017 | $19.73 | ||
| Nov 18, 2017 | $19.73 | ||
| Nov 25, 2017 | $19.73 | ||
| Dec 2, 2017 | $19.73 | ||
| Dec 9, 2017 | $19.73 | ||
| Dec 16, 2017 | $19.73 | ||
| Dec 23, 2017 | $19.73 | ||
| Dec 30, 2017 | $19.73 | ||
| Jan 6, 2018 | $19.73 | ||
| Jan 13, 2018 | $19.73 | ||
| Jan 20, 2018 | $19.73 | ||
| Jan 27, 2018 | $19.73 | ||
| Feb 3, 2018 | $19.73 | ||
| Feb 10, 2018 | $19.73 | ||
| Feb 17, 2018 | $19.73 | ||
| Feb 24, 2018 | $19.73 | ||
| Mar 3, 2018 | $19.73 | ||
| Mar 10, 2018 | $19.73 | ||
| Mar 17, 2018 | $19.73 | ||
| Mar 24, 2018 | $19.73 | ||
| Mar 31, 2018 | $19.73 | ||
| Apr 7, 2018 | $19.73 | ||
| Apr 14, 2018 | $19.73 | ||
| Apr 21, 2018 | $19.73 | ||
| Apr 28, 2018 | $6.90 | ||
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