Entrepreneur
Name
Ann
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
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$180.00
Date disbursed
Jan 27, 2016
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
WOLLONGONG, Australia
United Kingdom
United States
Seattle, Washington, United States
Ask Ann a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...