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 use the loan to purchase a tent for 100 people for renting .there is a pastor who wants to begin a church and he wants to rent the tent at a cost of 4000/= per day which means every Sunday he will be giving me 4000/= monthly is 16000/= this will help me repay my loan faster and improve my business in catering because i can now combine .the cost of the tent is 500000/-which is 590us dollars .help me lenders to buy this tent besides that i will be renting to special occasions which i have orders already
Apr 4, 2014
Cost to entrepreneur
Lender interest: $621.29 at 4.75% annual rate over 79 months = $192.39
Service fee: $142.96