Loan to expand my bread baking business
Victoria
Nsawkaw, Brong Ahafo Region, Ghana
23% repaid
Entrepreneur
Name
Victoria
Member since
May 2015
On-time repayments
94 installments • 14%
About Me
My name is Victoria Ndanyinanseh, 38 years of age and I hail from Tarkwa Nsuayem in the western region of Ghana. I was born among 5 siblings with my parents mainly being into the farming occupation. In my childhood days, I was not someone who had great interest in education so I dropped out early from school. I was someone who had much passion selling and buying so I usually helped my mother in selling some of her farm produce in the market. The town I hail from is very rich in gold and therefore illegal mining is very common in the locality. I therefore sometimes worked as an employee for those who engaged in this illegal mining (locally called galamsey) in order to get money to get some needs in life. Later in my childhood days, my mother sent me to learn how to be a seamstress and I passed out with great experience. Consequently I am able to sew both ladies and gents wear. I am married to a minister of God in the Church of Pentecost, currently stationed at Nsawkaw in the Brong Ahafo region of Ghana. It was therefore very difficult with my seamstress business and therefore I learned how to make pastries in order to support my husband and I in the work of God. Some of the pastries I am able to make are pie, pancake, rough bans in addition to bread. I am doing my very best to see this business grow because residents from the town in which I am right now usually travel for about 50 kilometers to import or buy such pastries. All I do at my leisure time is to sew clothes because I like working.
My Business
I am into the business of making pastries. Some of the pastries I make are , pancake, rough bans in addition to bread. There are many traders who sell these pastries in my locality but very few who produce them. Even he very few who produce them do so in very small quantities. Most traders therefore import from other towns. I am the only one who make a specific type of butter bread and therefore the demand is very high and this reason made me to choose and stick to this business. Currently with my ability, I am able make just a few which does not even last up to three days. Most of the cost had to do with buying the doe, flavor, margarine, containers to bake and so on. The revenue is mainly obtained from distributing in bulk to traders and sometimes selling to individuals. Most of the profit obtained is used to cater for children I have adopted, that is in paying their school fees and what they will eat and wear. Because of the nature of my husband’s work, I also use most of the profit in charity.
Loan Proposal
I wish to apply for a Zidisha loan to expand my bread baking business. With the first loan I was able to buy an oven. This has really increased my capacity for baking larger quantity of bread. I will therefore use part of this loan to buy aluminium bowls for baking. An aluminium bowl coss aroun 2GHS. I will buy about 100 pieces of the bowl which will cost around 100 GHS. Part will also be used to buy a weighing scale which cost around 100 GHS. The rest of the loan will be used in buying flour, margerine, milk and other items for the baking process. I promise to abide by all rules and regulations governing the firm as I humbly did in my previous loan. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$421.00
Date disbursed
Aug 27, 2015
Repayment status
Late
Projected term
19 months
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Summary
Amount repaid
$95.00
Amount remaining
$313.50
Expected completion
Apr 16, 2017
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2015 | $5.00 | Sep 12, 2015 | $5.00 |
| Sep 13, 2015 | $5.00 | Sep 20, 2015 | $5.00 |
| Sep 20, 2015 | $5.00 | Sep 27, 2015 | $5.00 |
| Sep 27, 2015 | $5.00 | Oct 14, 2015 | $5.00 |
| Oct 4, 2015 | $5.00 | Oct 20, 2015 | $5.00 |
| Oct 11, 2015 | $5.00 | Oct 20, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Nov 15, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Nov 15, 2015 | $5.00 |
| Nov 1, 2015 | $5.00 | Dec 15, 2015 | $5.00 |
| Nov 8, 2015 | $5.00 | Dec 15, 2015 | $5.00 |
| Nov 15, 2015 | $5.00 | Jan 19, 2016 | $5.00 |
| Nov 22, 2015 | $5.00 | Feb 16, 2016 | $5.00 |
| Nov 29, 2015 | $5.00 | Feb 16, 2016 | $5.00 |
| Dec 6, 2015 | $5.00 | Feb 16, 2016 | $5.00 |
| Dec 13, 2015 | $5.00 | Feb 16, 2016 | $5.00 |
| Dec 20, 2015 | $5.00 | May 7, 2016 | $5.00 |
| Dec 27, 2015 | $5.00 | May 7, 2016 | $5.00 |
| Jan 3, 2016 | $5.00 | May 7, 2016 | $5.00 |
| Jan 10, 2016 | $5.00 | May 23, 2016 | $5.00 |
| Jan 17, 2016 | $5.00 | ||
| Jan 24, 2016 | $5.00 | ||
| Jan 31, 2016 | $5.00 | ||
| Feb 7, 2016 | $5.00 | ||
| Feb 14, 2016 | $5.00 | ||
| Feb 21, 2016 | $5.00 | ||
| Feb 28, 2016 | $5.00 | ||
| Mar 6, 2016 | $5.00 | ||
| Mar 13, 2016 | $5.00 | ||
| Mar 20, 2016 | $5.00 | ||
| Mar 27, 2016 | $5.00 | ||
| Apr 3, 2016 | $5.00 | ||
| Apr 10, 2016 | $5.00 | ||
| Apr 17, 2016 | $5.00 | ||
| Apr 24, 2016 | $5.00 | ||
| May 1, 2016 | $5.00 | ||
| May 8, 2016 | $5.00 | ||
| May 15, 2016 | $5.00 | ||
| May 22, 2016 | $5.00 | ||
| May 29, 2016 | $5.00 | ||
| Jun 5, 2016 | $5.00 | ||
| Jun 12, 2016 | $5.00 | ||
| Jun 19, 2016 | $5.00 | ||
| Jun 26, 2016 | $5.00 | ||
| Jul 3, 2016 | $5.00 | ||
| Jul 10, 2016 | $5.00 | ||
| Jul 17, 2016 | $5.00 | ||
| Jul 24, 2016 | $5.00 | ||
| Jul 31, 2016 | $5.00 | ||
| Aug 7, 2016 | $5.00 | ||
| Aug 14, 2016 | $5.00 | ||
| Aug 21, 2016 | $5.00 | ||
| Aug 28, 2016 | $5.00 | ||
| Sep 4, 2016 | $5.00 | ||
| Sep 11, 2016 | $5.00 | ||
| Sep 18, 2016 | $5.00 | ||
| Sep 25, 2016 | $5.00 | ||
| Oct 2, 2016 | $5.00 | ||
| Oct 9, 2016 | $5.00 | ||
| Oct 16, 2016 | $5.00 | ||
| Oct 23, 2016 | $5.00 | ||
| Oct 30, 2016 | $5.00 | ||
| Nov 6, 2016 | $5.00 | ||
| Nov 13, 2016 | $5.00 | ||
| Nov 20, 2016 | $5.00 | ||
| Nov 27, 2016 | $5.00 | ||
| Dec 4, 2016 | $5.00 | ||
| Dec 11, 2016 | $5.00 | ||
| Dec 18, 2016 | $5.00 | ||
| Dec 25, 2016 | $5.00 | ||
| Jan 1, 2017 | $5.00 | ||
| Jan 8, 2017 | $5.00 | ||
| Jan 15, 2017 | $5.00 | ||
| Jan 22, 2017 | $5.00 | ||
| Jan 29, 2017 | $5.00 | ||
| Feb 5, 2017 | $5.00 | ||
| Feb 12, 2017 | $5.00 | ||
| Feb 19, 2017 | $5.00 | ||
| Feb 26, 2017 | $5.00 | ||
| Mar 5, 2017 | $5.00 | ||
| Mar 12, 2017 | $5.00 | ||
| Mar 19, 2017 | $5.00 | ||
| Mar 26, 2017 | $3.50 | ||
| Apr 2, 2017 | $0.00 | ||
| Apr 9, 2017 | $0.00 | ||
| Apr 16, 2017 | $0.00 | ||
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