Loan to buy oven for baking pastries
Victoria
Nsawkaw, Brong Ahafo Region, Ghana
100% repaid
Entrepreneur
Name
Victoria
Member since
May 2015
On-time repayments
94 installments • 14%
About Me
My name is Victoria Ndanyinanseh, 38 years of age and I hail from Tarkwa Nsuayem in the western region of Ghana. I was born among 5 siblings with my parents mainly being into the farming occupation. In my childhood days, I was not someone who had great interest in education so I dropped out early from school. I was someone who had much passion selling and buying so I usually helped my mother in selling some of her farm produce in the market. The town I hail from is very rich in gold and therefore illegal mining is very common in the locality. I therefore sometimes worked as an employee for those who engaged in this illegal mining (locally called galamsey) in order to get money to get some needs in life. Later in my childhood days, my mother sent me to learn how to be a seamstress and I passed out with great experience. Consequently I am able to sew both ladies and gents wear. I am married to a minister of God in the Church of Pentecost, currently stationed at Nsawkaw in the Brong Ahafo region of Ghana. It was therefore very difficult with my seamstress business and therefore I learned how to make pastries in order to support my husband and I in the work of God. Some of the pastries I am able to make are pie, pancake, rough bans in addition to bread. I am doing my very best to see this business grow because residents from the town in which I am right now usually travel for about 50 kilometers to import or buy such pastries. All I do at my leisure time is to sew clothes because I like working.
My Business
I am into the business of making pastries. Some of the pastries I make are , pancake, rough bans in addition to bread. There are many traders who sell these pastries in my locality but very few who produce them. Even he very few who produce them do so in very small quantities. Most traders therefore import from other towns. I am the only one who make a specific type of butter bread and therefore the demand is very high and this reason made me to choose and stick to this business. Currently with my ability, I am able make just a few which does not even last up to three days. Most of the cost had to do with buying the doe, flavor, margarine, containers to bake and so on. The revenue is mainly obtained from distributing in bulk to traders and sometimes selling to individuals. Most of the profit obtained is used to cater for children I have adopted, that is in paying their school fees and what they will eat and wear. Because of the nature of my husband’s work, I also use most of the profit in charity.
Loan Proposal
I am in the business of making pastries. Currently the pastries I make is in very small quantities. I will therefore use the loan in buying an oven which can use a gas cylinder in order for me to bake a little more pastries. The oven cost around 200 dollars and I hope with the help of lenders, I will be able to get it.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 25, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Germany
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