Entrepreneur
Name
Kiplangat
Member since
January 2015
On-time repayments
65 installments • 12%
About Me
ABOUT ME
I started my early education when I was six years old.My primary school was Emurua Dikirr primary in Narok county. I am first born in a family of ten, my father a peasant farmer use to work hard to see us through with all basic necessities. My primary school was far apart and I had to walk to and fro about 5 kilometres everyday. When i completed my primary level i joined Olomirani High school in Narok county for my secondary school level. Due to high cost of living and high demand for school fees I decided to engage in food business by hawking cakes and biscuits to my school mates during my free time using the little pocket money i received from my parents. At the end of my secondary level I had already gained experience and passion for business.I came to start my business when i joined college where i open a simple food kiosk around the students hostel. Our land is of Clay supporting most indigenous food among them sweet potatoes and cassava.our children aspire to be doctors,engineers,architects and business men. My unique hobby is motivating and encouraging youths in my community to leave their barbaric cultural practices like Female Genital Mutilation which is common among my Kalenjin tribe and maasai.
My Business
ABOUT MY BUSINESS
Goods and service I provide include among others cakes,buns,potato cribs,Tea and coffee,bob corns, fried meat,eggs, indigineous vegetables,ugali,fish and soft drinks.
this good are of high demand because of high population of students around the campus and hostels where they live. I came to choose this type of business because of my experience and knowledge I gained since i was in high school.secondly I love cooking with passion and cakes are my favorite food which i baked.My typical cost involve money used in buying Unga flour for baking of cakes,milk vegetables, cooking oils and money for hiring of 2 workers.
1.Dozen Unga flour........960 Ksh. (approximately 10 U.S.Dollars)
2.Milk,Vegetables,cooking oil........2500 Ksh.( approximately 25 U.S Dollars
3. Hiring of 2 workers on daily basis..@ 500 Ksh( 1000 Ksh.) Approximatelly 10 Us Dollars.
I use my profit in reinvesting for my business,paying rent,electricity and upkeep for my brothers and sisters in various schools
Loan Proposal
My first loan from zidisha will help me buy the following
1. One dozen Unga flour ------Ksh. 960 ( 10 US Dollars)
2. Milk 25 litres @ 40 Ksh per litre. 1000 Ksh. ( 10 US dollars)
3.Cooking oil 20 litres Ksh.1500 ( 15 US Dollars)
due to this investment my quality services will increase hence increase in demand for my services and also my life will be much better and also of my siblings.
I will expect my profit to increase by 45 percent. I use to get a profit of 500 Ksh. and i also expect to get up to 1000 Profit per day ( 10 US Dollars)
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 16, 2015
Repayment status
Late
Projected term
15 months
Lenders
Qatar
Jake Gibson and Beverly Picardo
San Francisco, United States
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