Rent a business premise for my bakery

Ann

Nairobi, Kenya

100% repaid

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

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Jan 27, 2016

Repayment status

On Time

Projected term

5 months

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

Ask Ann a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$189.48

Amount remaining

$0.00

Date repaid

Jul 18, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 7, 2016 $5.00 Feb 6, 2016 $5.00
Feb 14, 2016 $5.00 Feb 16, 2016 $5.00
Feb 21, 2016 $5.00 Feb 23, 2016 $5.00
Feb 28, 2016 $5.00 Mar 2, 2016 $5.00
Mar 6, 2016 $5.00 Mar 7, 2016 $5.00
Mar 13, 2016 $5.00 Mar 18, 2016 $5.00
Mar 20, 2016 $5.00 Mar 18, 2016 $5.00
Mar 27, 2016 $5.00 Mar 30, 2016 $5.00
Apr 3, 2016 $5.00 Mar 30, 2016 $5.00
Apr 10, 2016 $5.00 Apr 17, 2016 $5.00
Apr 17, 2016 $5.00 Apr 17, 2016 $5.00
Apr 24, 2016 $5.00 Apr 26, 2016 $5.00
May 1, 2016 $5.00 Apr 26, 2016 $5.00
May 8, 2016 $5.00 May 19, 2016 $5.00
May 15, 2016 $5.00 May 19, 2016 $5.00
May 22, 2016 $5.00 May 19, 2016 $5.00
May 29, 2016 $5.00 Jun 9, 2016 $5.00
Jun 5, 2016 $5.00 Jun 9, 2016 $5.00
Jun 12, 2016 $5.00 Jun 27, 2016 $5.00
Jun 19, 2016 $5.00 Jul 1, 2016 $5.00
Jun 26, 2016 $5.00 Jul 1, 2016 $5.00
Jul 3, 2016 $0.00
Jul 10, 2016 $40.00 Jul 11, 2016 $40.00
Jul 17, 2016 $44.48 Jul 18, 2016 $44.48

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