Rent a business premise for my bakery

Ann Migwi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ann Migwi

Member since

May 2015

On-time repayments

302 installments  •  46%

About Me

My name is Ann Migwi born and raised up in Muranga county in the central region of Kenya.

However, I navigated life safely into adulthood after having covered primary and secondary school education. I then left home to join Daystar University in the Nairobi City where I pursued my degree

I graduated and later secured a job in contract bases. Since then, I have been doing baking services having been trained in this area while still doing my degree course.

My Business

I am in baking business where I make cakes for all occasions like weddings, birthdays, anniversaries etc. I also do confectioneries such as queen cakes and supply them to retail outlets. I do this on a very small scale since I do not have adequate capital to expand and market my products effectively.

I also use makeshift oven which is not only slow but its finished product is now what it would really be if I was using a modern oven. There is a huge potential for the business since I live in a densely populated area where I am assured of demand all the time.

I am currently making about $300 from the business but half of it goes into covering my overheads. I am currently running the business from home so as to cut the expenses.

In enhancing my knowledge and improving my skills,I have doing this through YouTube which flexible and easily accessible. I have been able to impact the community by training them on how to use YouTube as a mechanisms to get skills,which is more cheaper as compared to attending class which one may incur huge amount of money.

Loan Proposal

Since now I have increased sales and demand,I now wish to graduate working from the house and get myself a house from which to work. This may cost approximately $250 and will make my business accessible hence make more customers hence increased profit with margin of between $20-25 a month.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.46

Date disbursed

Jan 27, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $7.49

Lenders

S

SweAus

Adelaide, Australia

TK

Tim Koppel

WOLLONGONG, Australia

JimVandegriff

Trinidad, California, United States

B

BigWillie

Belfast, United Kingdom

D

DaveElliott

United Kingdom

M

mbarbier

United States

TF

Timothy Fitz

United States

Roy

Espoo, Finland

Lukas Petereit

Frankfurt, Germany

Y

YP

Malaysia, Germany

C

Christian

Switzerland

Taylor

Memphis, United States

PR

Priscilla Rathbone

Seattle, Washington, United States

Mary

Germany

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