The loan i am requesting will be used to purchase some eggs,wheat flour for baking as well the icing sugar which is used...
John
Nakuru,kenlands, Kenya
100% repaid
Entrepreneur
Name
John
Member since
September 2013
On-time repayments
163 installments • 69%
About Me
I am John Makongo, lives in Nakuru,kenya, Kenlands Estate, a Founder and Director of a charity organization namely: Echoes of Hope ,it is based in Kenya with a purposes of helping orphans with Education, food and medical for there better tomorrow.
I am a survivor of the 1994 Rwanda Genocide that claimed most of my family members I was born in 1983 in Nyarugenge district In Rwanda. I was only nine years old by the time the Genocide started in 1994. Later we migrated to Kenya running for our lives together with my mother and brother,
I became street boy, later join an orphanage in Kenya, Now I am helping same children through a charity organization God called me to do.
My Business
I have a business of baking cakes, it surely gives me an income profit of ksh5,000-7000 each month, I am 100% sure upon taking this loan, I will be able to pay back the loan in due time without any problem.
at the moment the business of making queen cakes, anniversary cakes,wedding cakes and also small bread is on high demand, if I can get more capital to invest into this business, i am sure of getting a profit of ksh10,000 and above and this will help me repay back the loan and restock to to my business as well, in three years period my target is to own cake company of which I believe with ZIDISHA company loan givers I will make it to the top.
the challenges I have now is the demands are high but the capital is less this is why i am seeking more help to restock to my business and add the size of my business sales.
beside the income of the business, I also work and I will ensure that the money is refunded in due period of time, I do business of cake baking together with my lovely wife.
Loan Proposal
This Loan will be used to purchase some eggs,wheat flour for baking as well the icing sugar which is used on decorating the cakes like wedding cakes as well anniversary cakes.
the reasons to why I am asking for the loan is due to the high demand of the cakes I bake, especially queen cakes which is distributed to small shops which is very much liked by school girls, and children as well, it is the queen cakes which is on high demand in shops.
the reason why I am in need of funding is to expand my business which will allow me to make more profit, as per now my profit is between ksh5,000-8,000 and very sure if i am funded i will increase my profit to the range of ksh10,000.
I need your support as lenders to make this happen.thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 28, 2014
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Belchertown, United States
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