Loan for cake baking materials and ingredients

John Makongo

Nakuru,kenlands, Kenya

49% repaid

Entrepreneur

Name

John Makongo

Member since

September 2013

On-time repayments

163 installments  •  69%

About Me

I am John Makongo, lives in Nakuru,kenya, Kenlands Estate, a Founder and Director of a charity organization namely: Echoes of Hope ,it is based in Kenya with a purposes of helping orphans with Education, food and medical for there better tomorrow.
I am a survivor of the 1994 Rwanda Genocide that claimed most of my family members I was born in 1983 in Nyarugenge district In Rwanda. I was only nine years old by the time the Genocide started in 1994. Later we migrated to Kenya running for our lives together with my mother and brother,
I became street boy, later join an orphanage in Kenya, Now I am helping same children through a charity organization God called me to do.

My Business

I have a business of baking cakes, it surely gives me an income profit of ksh5,000-7000 each month, I am 100% sure upon taking this loan, I will be able to pay back the loan in due time without any problem.

at the moment the business of making queen cakes, anniversary cakes,wedding cakes and also small bread is on high demand, if I can get more capital to invest into this business, i am sure of getting a profit of ksh10,000 and above and this will help me repay back the loan and restock to to my business as well, in three years period my target is to own cake company of which I believe with ZIDISHA company loan givers I will make it to the top.
the challenges I have now is the demands are high but the capital is less this is why i am seeking more help to restock to my business and add the size of my business sales.
beside the income of the business, I also work and I will ensure that the money is refunded in due period of time, I do business of cake baking together with my lovely wife.

Loan Proposal

Dear Lenders, I am so grateful to the loan you gave me at first and to this point I am able to take a higher Loan, I would like to request you for another Loan to help me increase my Business as well, this time i am going to use this loan to purchase
1. Bigger machine bigger cost USD650
2. 2 bales ofmaking flour $65
3. 17kgs blue-band for baking $100
4. Purchasing of the ingredients $70
5. 4 try of eggs, 5kgs of powder milk and icing sugar cost $120.
Thanks i am hoping this time my loan is going to be granted as well. stay blessed and thanks to you all

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$996.72

Date disbursed

Feb 17, 2015

Repayment status

Late

Projected term

26 months

Cost to entrepreneur

Lender interest: $996.72 at 6.70% annual rate over 26 months = $147.32

Service fee: $73.58

Lenders

T

Tmann

Los Angeles, United States

carlos vendrell

Barcelona, Spain, Philippines

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

P

Philippe

Adliswil, Switzerland

J

JLewe

Atlanta, Georgia, United States

BelleStarr

Albuquerque, United States

C

ColinPlatt

Montgomery Village, United States

Hope2012

United Kingdom

DeanDropshot

Oslo, Norway

J

jozua

Delft, Netherlands

Raoul72

Naarden, Netherlands

T

tloureiro

Pfungstadt, Germany

Pere

Barcelona, Spain

Zidisha

Sterling, United States

AnnaChristina

Pittsburgh, United States

BJ

Brandon Joz

North Carolina, United States

RebeccaNie

Palo Alto, United States

Jeff and Marcie

Portland, OR, United States

J

jjonas

berlin, Germany

T

tonilends

catalonia is not:, Spain

ElWal

Kirn, Germany

A

americatoasia

Singapore, Singapore

rasmus

Bern, Switzerland

DLarson

Morris, United States

Cloudways

Malta, Malta

A

Austrian

Graz, Austria

B

bugsheep

Houston, United States

Matthew

New York, NY, United States

Jouni

Finland

Namaste250

Pittsford, United States

ads68

Melbourne, Australia

S

SabresFan

Oro Valley, United States

rfriedenberg

New Jersey, United States

A

Andy

Berlin, United States

nakamura

United States

K

KnutG

Bergen, Norway

Bobrm2k3

Charleston, United States

C

cardiff

Falls Church, United States

S

solarkismet

Logan, United States

Cricketca

San Jose, United States

ShaneS

Port Pirie, Australia

neocodesoftware

vancouver, Canada

Treesforpeople

Oxfordshire, United Kingdom

F

Fish42

Fairfax Station, United States

W

Walter01

Kingston, Canada

M

mmisoo

Nova Dubnica, Slovakia

gseletko

South Perth, Australia

P

Pavane

Kungsbacka, Sweden

A

Anonymous

United Kingdom

xtrahardware

Cazenovia, United States

R

rosebo

Bend, United States

E

E

Marin county, United States

H

happytrailsjpd

South Bend, United States

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

A

akshu71

Ottawa, Canada

G

GanSatya

United States

sderickson

Berkeley, CA, United States

pvilliger

Zurich, Switzerland

Shemuel

New Jersey, United States

John Makongo

Kitale, Kenya

Gringotts

United States

A

adiipienaar

South Africa

jonnyhj

Stockholm, Sweden

A

allie105

United States

M

merk85

United States

K

Karpet

Faroe Islands

T

tiojoca

Portugal

J

jbhernan

United States

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

B

blambert

United States

A

adamdreaming

United States

Andrew267

Birmingham, United Kingdom

B

BigRosie

United States

Benjamin Charlton

Dubai, United Arab Emirates

KM

Kirsty M

United Kingdom

SE

Sven E

Mannheim, Germany

Dave Bogard

New York, United States

MW

Matt Willis

United States

Dominik Wagner

Karlsruhe, Germany

KC

Kevin Cox

United States

ES

Ed Sikorski

United States

Richard

Shrewsbury, United Kingdom

GN

Gabriel N

Switzerland

Humble Bundle Community

San Francisco, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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