Name
Evance
Member since
January 2014
On-time repayments
310 installments • 5%
My Name are Evance Edwine Oduor twenty years of age and sill single.I was born and raised in Busia county in a family of eight and i being the last born in our family.I still the place where i live and do my business currently.
I am a 0 level graduate because after that my family was not able to afford to take me to college though i got a good grade after sitting for my form four examination.
I started this business because with that education level i couldn't secure any good job any where so after working for somebody in his bakery for three months where he used to pay me KES 200 per day i managed to save that and later started my own business.
My achievement so far from the business is have bought a motorbike of which someone had hire to do bodaboda and pay me KES 300 per day.
I run a small bakery in Busia County at Busia town,i started my business from own seving as little as KES 5000.I used to sell by the road side in the morning to people who buy escort for their breakfast till last five months ago when i managed to build for myself a small structure that for now run comfortably my business 12 hours a day.
In my bakery i make and sell mandazi,roma cake or half cake,toast mayai and birthday,wedding cakes on order.I have a lot of customers that sometimes i don't meet their demand because my products are clean and sweet so i sell more and make good profit.The business is much profitable because i buy baking flour and cooking oil at low price then add value by making those my products then sell them at a good price.
The problem have been facing all along is lack of capital to expand my business.
My monthly cost is around KES 50000,KES 4000 sales per day,KES 3300 per day and profit of KES 700 per day.
From this my little earning from my business i will be able to repay the loan without problem because the cash is always constant.
Thank you so much Zidisha for giving me this golden opportunity to join this precious organization.I am very glad too to have a micro-finance on my mobile phone.This is the best thing i never seen in my life ever.
Now i arge you lenders to have faith on me and kindly fund my loan application without fear so that my business could get the capital it requires at the moment.This loan in all amount KES 20000 am going to buy bales of wheat flour,cooking fat,baking powder,sugar and packing bags.Thank you in advance.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$250.00
Date disbursed
Jan 13, 2014
Repayment status
Late
Projected term
73 months
Ask Evance a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.