Electronics, electrics and mpesa e-float for my new shop

Mercy

Nairobi, Kenya

41% repaid

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Entrepreneur

Name

Mercy

Member since

March 2015

On-time repayments

81 installments  •  12%

About Me

I wa born in thika, Muiri near gatukuyu shopping center, i went to Muirigo primary school, Senior Chief Koinange high school and later to Ashley's beauty college. i ventured into business so that i can be able to realize my dreams i was given some money by my parents to cater for the start up costs. i started doing business since i always had passion for business since i was a small kid. I love where i come from because people are innovative, generous and love business. My child wants to be an Engineer when he grows up. I love swimming, watching movies and listening to gospel music.

My Business

i have opened a new electrics shop and has an Mpesa. Mpesa has a lot of demand in the area due to increased mobile money transfers. I chose this kind of business since the area has demand for the products and has the potential for growth in business. Currently i have one employee whom i pay $66.7 per month and rent 0f $44.4 per month, i usually get profits of about $333.4per month from the shop and mpesa. the profits i get i pay rent and the worker, the rest i just put it back to the business.

Loan Proposal

Te loan amount of Kes 18,007 will be used in the following:
Addition of M-pesa e-float =53.8 Dollars
Energy saver bulbs =21.5 Dollars
Common bulbs = 10.6 Dollars
Fluorescent bulbs =21.5 Dollars
Bulb holders =10.6 Dollars
Wall sockets and switches = 10.6 Dollars
Electric cables = 32.3 Dollars
Airiel cables = 16.2 Dollars
Main switches = 10.6 dollars
Cut outs = 5.4 Dollars

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$190.00

Date disbursed

Jun 16, 2015

Repayment status

Late

Projected term

17 months

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Ask Mercy 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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  • Mercy    Mar 31, 2016

    Hello Lenders,

    Mercy in unavailable but i will try her later.

    Thanks
    Mercy

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  • Mercy    Mar 2, 2016

    Hello Lenders,

    Mercy has promised to start paying from today.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Jan 28, 2016

    Hello Lenders,

    Mercy is unreachable for now but i have managed to talk to one of her family member and promised to reach out.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Dec 30, 2015

    Hello Lenders,

    Mercy has promised to resume paying from next week.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Dec 30, 2015

    Hi Lenders,

    Mercy is unreachable but i try her later.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Nov 3, 2015

    The stocks are not moving fast, the business is also new in the area.

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  • Mercy    Oct 23, 2015

    Hi lenders

    I have called Mercy and advised her to reschedule the loan to an amount that she is comfortable with.

    Log in to reply • Share

  • Mercy    Aug 31, 2015

    Hi Lenders,

    I am unable to reach out Mercy but i will try later.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Aug 19, 2015

    Hi Lenders,

    Mercy will be making a payment today.

    Thanks
    Mercy

    Log in to reply • Share

  • Mercy    Jul 15, 2015

    i had closed the business for a short period due to some personal reasons, i have now returned. The business is operating well and i have stocked the shop halfly.

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  • Mercy    Jun 17, 2015

    I thank Zidisha and the lenders for the amount of Kes 18,009 they lent me. Some amount is already added to the m-pesa float as i wait to go and purchase electricals for the new business.

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  • Mercy    Jun 15, 2015

    I thank all the lenders that funded my loan, I am so happy and beyond words. I want to invest the loan in my new shop, I will add float to my mpesa agent till and the remaining amount will be used to buy electricals stocks for my new shop. This will imrove my business and will assist me in capturing more customer transactions. I am grateful Zidisha.

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  • Juliet    Jun 14, 2015

    Hello Mercy....all the best in your proposal and business.
    Lenders, kindly visit my page too

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  • Mercy    Jun 4, 2015

    I have been able to complete my first loan.Thanks to zidisha for the flexible terms of payment. I have acquired a new shop which is in operation and intend to stock it with electrics and electronics.

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  • Mercy    Apr 24, 2015

    I recieved an amount of 6000 Ksh
    I bought stocks for my shop
    I used the balance to boost the m-pesa e-float
    I thank Zidisha for lendig to me , I will always pay on time

    Log in to reply • Share


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