Help me acquire a reliable prover to reduce loss and increase capacity

Entrepreneur

About Me

I'm a passionate baker.Nevertheless,I.m trained in High School language teaching.
I settled in the baking industry after dabbling in various businesses in diverse sectors including farming and transport.I chose the food sector owing to the fact that food is non seasonal and a mandatory item on the family budget.
My permanent address is Limuru township ,a town 25 km from the capital and renowned for the entrepreneurial spirit of her people.I resigned from my day job early last year to concentrate in my business,something that I always dreamed of.
I'm the sixth born in a family of ten ,something that taught me the art of coexistence and team play ;which are necessary essentials in business.
I'm seeking a partnership with lenders from the Zidisha forum for now and in the future expansion of this promising business.

My Business

Bread baking and selling is my business.My average monthly sales are usd 1500 with profits of usd 375.
Sweetfest bakery has been in operation for the last 1 year.It is strategically located in a densely populated residential area within Nairobi's Industrial area.
Currently,I sell 100 loaves daily against a backdrop of 500 loaves daily target by end of 2014.
My strength is in retailing a low cost bread to a target market that is very price-conscious.The following factors enable me to sell my bread at a whooping kes 10 lower than my competition;
a]Use of sweet flour composite flour
b]No transport costs as the bakery is within the target market
c]Reduced packaging costs
d]Use of low cost fuels
Competition and cash flow are the main challenges .My response to competition has been in strategic pricing.I also intend to enhance my sales by stocking other breakfast essentials mostly milk to ensure a one stop breakfast shop.
The investment advanced will be used to source raw materials in bulk thus enhancing my cost cutting measures.

Loan Proposal

Thank you for your continued support.
In a country with a bias towards payslips for financing,your lending can never be overestimated.

My business is bread making.
In this business proving is a vital process that has direct impact on taste and volume of the produced bread.

My current prover tends to overheat killing my yeast before I achieve the maximum volume that appeals to my target group of customers.

With a modified prover,I will have a guarantee on taste and volume.
With guaranteed product quality,I will be sure to maintain my customer base and also capture new markets.

A modified prover with a capacity of 50 loaves per shifts will cost me USD 460.

I assure my lenders that their help will go a long way in shaping my entrepreneurial journey and will always be appreciated.

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Loan Info

Lenders