163 installments • 69%
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.
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.
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
Feb 17, 2015
Cost to entrepreneur
Lender interest: $996.72 at 6.70% annual rate over 26 months = $147.32
Service fee: $67.79
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