Increase of inventory

Jorn

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Jorn

Member since

June 2016

On-time repayments

226 installments  •  44%

About Me

i was born in the year 1987 April 02. All my childhood years I lived in the western city of Kisumu where i went to school. I have been active in small business for nearly 5 years now. In a country where the unemployment rate is high, one cannot sit around and yet it is not difficult to engage in something. After completing college doing business management, I started in business making doughnuts and now baking cakes also. I am starting a cafeteria.
I have seen the city grow in all spheres and would like to be part in building the society and nation.
I also deal in Office Equipment leasing. It's forward ever...

My Business

Doughnut making, Cake baking, and a small cafeteria. Office services and Office Equipment Leasing. the Doughnut and cake business is in Demand since they are taken with all kinds of bevaerages and drinks. there is a lack of office equipments in institutions. so I tend to bridge this gap by providing the equipments at affordable rates.
for 1 doughnut my normal rate is 4 Kenya Shillings while the cost is 2 Kenya SHillings. the cost of equipment leasing is the price of buying and some places printer ink and printing paper.
I have since started a cyber cafe business in October 2018 that is also picking up very well. I do printing and typing and other office services.
I use the profits for business and home improvements

Loan Proposal

buy more cake mix flour.
I use self raising flour for both the cake and doughnut production. I packet of self raising flour produces 6 packets of cake or doughnut.
when there is an increase in this inventory, i will not need to buy in 2 days. now that I buy daily because of few packets of flout. it will save on transportation cost.
1 packets is 1.2$
number of packets is 8
if I have 8 more extra packets of flour, i will be skipping 2 days per in purchases.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Sep 1, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

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