Sheilah
Nakuru, Kenya
100% repaid
Name
Sheilah
Member since
February 2014
On-time repayments
338 installments • 5%
I AM A MARRIED WOMAN WITH ONE CHILD.I AM A GRADUATE WITH A BSC IN EDUCATION .DUE TO LACK OF EMPLOYMENT.,I BEGUN A BUSINESS BAKING CAKES.I COME FROM WESTERN PART OF KENYA KAKAMEGA BUT I MOVED TO RIFT VALLEY TO JOIN MY FAMILY MY HUSBAND IS A SECONDARY SCHOOL TSC TEACHER .I STARTED THE BUSINESS TO SUPPORT MY FAMILY . ALSO AFTER A LOT OF SURVEY , I DECIDED TO BEGIN BAKIG CAKES I HAD ALOT OF FRIENDS WHO ARE PASTORS AND SO I MADE CONTACTS AND CAME UP WTH SMALL CARDS TO SUPPLY TO MY FRIENDS I HAD ASHORT COURSE IN OUTSIDE CATERING SO IDECIDED TO BEGIN SMALL . THANK GOD MY BUSINESS PICKED NOW I HAVE MANY CUSTOMERS BECAUSE I COMBINE IT WTH OUTSIDE CATERING WHERE I COOK FOR CEREMONIES LIKE WEDDINGS , FINERALS GRADUATIONS ETC
MY BUSINESS LOCATED IN EGERTON CENTER.I DEAL WITH BAKING CAKES AND DONATS OR SMALL MANDAZIS .MY CUSTOMERS INCLUDE SMALL RETAIL SHOPS AROUND THE AREA PLUS THE BOARDING SCHOOLS AROUND . THE OTHER MARKET I HAVE IS OUTSIDE CATERING.WHICH I DO ON SPECIAL CCASSIONS LIKE WEDDINGS PARTIES THIS DEMAND IS VERY HIGH WHEN SCHOOLS CLOSE ESPECIALY DURING HOLIDAYS .THE DEMAND IS VERY HIGH SINCE I AM RELIABLE AND EFFECIENT. MY CUSTOMERS PREFER MY SERVICE BECAUSE THEY CAN EASILY CALL ME AND FIND ME . I HAVE EMPLOYED 3 PEOPLE ONE PERSON SUPPLIES WHILE THE OTHER TWO COOK AND PACK THIS BUSINESS IS RISKY BECAUSE THE GOODS ARE PERISHABLE THEY HAVE AN EXPIRY PERIOD WHICH IS VERY SHORT .HENCE SOMETIMES IT CAUSES LOSE MY LOCAL MARKET IS VERY GOOD BECAUSE MY STAKEHOLDERS ARE STUDENTS WHO CONSUME ON A HIGH RATE.HOWEVER I MAKE GOOD PROFIT PER MONTH OF AROUND 2000/= APPOX AFTER DEDUCTIONSI PURCHASE ,BAKING FLOUR, FUEL PAY RENTS TRANSPORT,SALARIES .I WOULD WISH TO EXPAND MY BUSINESS BY GIVING SERVICES LIKE HIRING TENTS CHAIRS.MY TOTAL PROFITS PER MONTH IS 30K PER MONTH AFTER DEDUCTIONS WHICH I WILL USE TO REPAY MY LOAN.
I WILL BUY TWO BUNDLES OF BAKING FLOUR ,KSH 1800 @ WHICH IS 3600 [PLUS COOKING . THIS WILL HELP ME SELL MORE PACKETS HENCE GET MORE PROFIT CURRENTLY I HAVE AN ORDER OF 3 SHOPS WHICH I NEED TO SUPPLY 20 PACKETS EACH PER DAY ONE PACKET IS 40/= HENCE 20 PACKETS WILL MEAN 1600 KHS PER DAY GROSS WHICH WILL GIVE ME A PROFIT OF 800/= PER DAY THIS WILL HAVE EXPANDED MY BUSINESS
Positive
1
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 12, 2014
Repayment status
On Time
Projected term
8 weeks
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