Purchasing proper equipments and building a kiosk for my bun
Janetex
Kisumu, Kenya
100% repaid
Entrepreneur
Name
Janetex
Member since
September 2015
On-time repayments
12 installments • 58%
About Me
I grew up in Manyatta slums of Kisumu town. I went to Migosi primary school, Lions high school then to Nairobi aviation college. I got an internship with a government institution befpre joining college. I was only paid ksh. 7500, but due to the poverty in my family and the burden of school fees my parents had, I had to pay my own college fee which costs 4000/- monthly.
My transport and lunch would cost 100/- daily.
Since my stipend wasn't enough, I resorted to finding a side hustle which could help me support myself.
I remembered my past. I rembered mothers struggle. I remembered how she started a business with ksh. 20 but it later grew to educate and feed us ( me and my four siblings)
Believing that all a business needs is an idea, I started making ready made free dresses for sale using my mums sewing machine. My business failed due to lack of enough capital and rising cost of living. My hobby is mentoring fellow youths.
My Business
I started frying and selling buns (mandazis) in the estate where I stay.
I had been thinking of what to do to supplement my income and be able to provide for my family. Im actually the soul breadwinner as my husband do not have a job.
I could not afford to buy my baby the basic needs at birth e.g clothing. I could not afford to buy myself and my family food. The little income I earned from my formal job wasn't enough at all.
Having no capital, I couldnt think of any big ideas, so the idea of vending buns was born. I love cooking, so i thought its a good idea which would need less capital.
My starting capital was KES 400 and I made a profit of 200/-.
I recently lost my job and opteds to start a boutique with my savings from the business.
My new business is doing well except that I lack enough capital to bring in variety of clothing.
Loan Proposal
As at now my business is expanding and I need to work in a more descent environment with proper equipment.
I need to urgently construct a small kiosk at a cost of $ 100 , purchase a proper working table @ $35, and purchase a charcoal stove @ $10.
However, when I get my first loan, ill purchase the table and stove first.
Purchasing this items will increase my production ability and this will inturn increase my profits by atleast 50% as the demand is currently very high.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$51.00
Date disbursed
Sep 16, 2017
Repayment status
On Time
Projected term
7 weeks
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