Queen cakes to all

Job

Embu, Kenya

Funds disbursed

$0 to go

100% funded of $50 goal

days left

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How it Works

Entrepreneur

Name

Job

Member since

June 2015

On-time repayments

8 installments • 0%

About Me

I am a businessman aged 24 years and have passed my 8-4-4 curriculum where I specialized in Business Management. I then got employed for two years and gathered some capital to start off my own business. I hereby feel free to operate under my own schedule and improve periodically proportional to skills I gain day in day out. Business has really made me achieve several goals in life.I have managed to get several assets, a standard life and most important above all is the stability of the business.

My Business

My business is purely on food provision whereby I have one big oven which i use to bake queen cakes and some other variety of cakes. I have a sales man who supplies the product to the local shops and supermarket in the shopping center. I have also employed a qualified chef who has qualified baking skills. I have also introduced another variety of cake called buns and the market turn out is really encouraging. I also plan to add another oven which will be specifically for mandazi due to the arising demand. I believe in progress however small it may be. I thank you for your support.

Loan Proposal

The market demand for the queen cakes has grown higher and this calls for an increase in production. i will hereby add more stock and put a night shift production. The funds will conveniently facilitate the adjustment since I will not have to wait for the suppliers to bring the cash sales which normally delays for about 12 hours since I will have adequate stock. by so doing, I will be in a position to get more income and manage to repay the loan conveniently. Thank you all for this chance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jul 7, 2015

Repayment status

Late

Projected term

8 weeks

Lenders

Hamburg, Germany

Espoo, Finland

Netherlands

United States

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Roy Aug 1, 2015

Hello Job. How are you?

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- Job Aug 11, 2015
  
  hello,
  Sorry for the silence and delay in my payments. I was quite pressed financially because I was required to pay for medical certificates for all my new employees and suppliers as well. however, I will now be in a good position to make payments since there are more orders and the business will be able to sustain. Thank you and have a great time.
  
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  - Roy Oct 6, 2015
    
    I understand. What I do not understand is why you now have not made any payments.
    
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David Aug 1, 2015

Please adjust your installment amount as necessary rather than skipping payments

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- Job Aug 11, 2015
  
  Hi David,
  I will try to adjust the payments soon after I make the initial payment.
  Thank you
  
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David Aug 1, 2015

Hey job,, please check on your repayments

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MS
Mark S Yourek Jul 30, 2015

Hey there Job --

It looks like you are falling behind in your payments. How is the business going? Let us know how you are doing.

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- Job Aug 11, 2015
  
  hello,
  Sorry for the silence and delay in my payments. I was quite pressed financially because I was required to pay for medical certificates for all my new employees and suppliers as well. however, I will now be in a good position to make payments since there are more orders and the business will be able to sustain. Thank you and have a great time.
  
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  - MS
    
    Mark S Yourek Aug 11, 2015
    
    Thanks for the word -- keep in touch. Good luck in making money now in your business --
    
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David Jul 14, 2015

all the best

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- Job Jul 15, 2015
  
  Thanks
  
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Job Jul 7, 2015

I hereby take this opportunity to thank the Zidisha fraternity for this great chance.I have received the funds and will work with ultimate effort to honor my part.
Thank you all!!

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Job Jul 6, 2015

Thank you all for funding me. I may lack enough words to appreciate you but God Bless you abundantly.
Have a rewarding week!!

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J
Juan Jul 6, 2015

good luck Job !! hope all the best and then you reach your goal .. don't forget to send some cakes here !! :D

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- Job Jul 6, 2015
  
  Thank you very much Juan. The cakes are very many and sweet. you will really like the taste hahaha,,,. I also have occasion cakes on request
  
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  - J
    
    Juan Jul 6, 2015
    
    those cakes looking good my man !! :D
    
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    Job Jul 6, 2015
    
    Thank you!! I will send you one.
    
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Job Jul 6, 2015

I once again thank you lenders for your kindness and continued support.
Wishing you a wonderful time.
God bless you!

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Job Jul 6, 2015

Dear Lenders,
I am so much pleased by your contribution and call upon you to finance me the remaining amount. I have 3days to go and i look forward to your assistance.
Thank you and have a fruitful week.

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Job Jul 3, 2015

Dear Lenders,
Its my greatest pleasure to benefit from the Zidisha funds and I will be glad to get fully funded. Although this first loan is a liability to me I still consider joining Zidisha a great opportunity since the membership fee is just changed once unlike our local micro finance platforms which charge extremely high all the time and their interest rates are also unrealistic.
Kindest Regards

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Job Jun 30, 2015

hello Markus, I really appreciate your message and I have read the explanation. In fact you have put it more clearly. I will be okay with that but I will try to reschedule the payments to be slightly lower so that I can manage to cover with less strain. Thank you.

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M
Markus Jun 29, 2015

Well, Job, I am not sure that you will receive what you may expect. This loan application is your first one, right? So you will be charged with the Zidisha lifetime fee.
That means: The 50 US dollars requested here may be around 4900 KES. You will get that? No.
$2.47 is the service fee for the loan. $10.50 is the membership fee. And another $31.49 is charged as deposit for the loan fund. That leaves you with $5.54 what is around 500 KES.
Again: You will get 500 KES. You will have to repay 4900 KES. The benefit you might have later with further loans. But for now the entrance card for Zidisha will just bring liabilities.

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