Purchase of a fridge for my fresh juice parlor
Mercy
Bungoma, Kenya
100% repaid
Entrepreneur
Name
Mercy
Member since
April 2020
On-time repayments
44 installments • 61%
About Me
I am Mercy Saidi. I was born in the western part of Kenya in the year 1992.I went to Booker Academy for my primary and secondary school studies.I later relocated to Eldoret for my degree studies.I joined Moi university where i pursued a degree in law and opted out after 3 years for a diploma in hotel catering and accomodation due to lack of school fees to complete my law studies.After my studies i was employed for 1 year in the hotel industry.In the year 2016 opted to be self employed and therefore opened a grocery store where i sell and supply fruits and vegetables around Bungoma town.Its a profitable business if well managed and i love how its adding value to my life.
My Business
I run a grocery store in Bungoma town.I sell and supply fruits and vegetables.My main customers are hotels and hospitals.I also do door to door deliveries for clients who are not able to reach the store. I make profit of up to 16,000 Kenyan shillings per week.
Loan Proposal
Freshly blended juice has a very short life span.It goes bad faster because there are no preservatives added.This causes wastage and losses due to pouring out spoil juice .I will use the loan to purchase a refrigerator that will help store freshly blended juice to avoid fast spoilage and also there are those clients who want their juice chilled or cold,by purchasing the fridge, i will be able to satisfy them fully.
Income Source
Apart from the juice parlor,i also run two grocery stores that are preforming really well .Fruits are always on demand since they add up to increase the bodies immunity thus making fruits and vegetable be high on demand.
Due to the great demand, of freshly blended juice and fruits,am able to raise money to repay the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$97.00
Date disbursed
Dec 31, 2020
Repayment status
On Time
Projected term
6 weeks
Lenders
San Francisco, CA, United States
United Kingdom
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