Business expansion

Mercy

Litein, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

January 2015

On-time repayments

333 installments  •  80%

About Me

My name is Cherotich Mercy. I am the second born in a family of five. I grew up in a village called ndanai, bomet county. This is a village where young girls could be circumsised and get married at there younger age. I thank God for my mother who liked education alot and she used to talk to us about how life is all about. Life was so hard but i overcame it by being patient at all times. I cleared my secondary level and joinKabarak University where i persue Bachelor of Commerce, Accounting option. I like business alot and i started by selling shoes to my friends. After i cleared my degree i started supplying stakes to the tea factories at home. What i like about myself is that i dont give up even if the situations are unbearable. Am working hard so as to enable my children to live a better life and also to help needy and capable students in my village.

My Business

I supply stakes to kobel tea factory at bomet county. They are in high demand in the factory because the factory will never stop manufacturing tea leaves. i chose this kind of business because its probability to run at a loss is very low. Sometimes when there is alot of rain i spend more on transport costs but its not a big problem to me as such. Part of my profit goes to my church development, expand my business and help my siblings pay part of their school fees.

Loan Proposal

The funds will help me expand my business by purchasing six more stakes which will give a profit of ksh. 2679 per week. it will alsop help my customers to sell me more stakes which will help them also solve ther problems for example pay school fees, buy food and much more. each stake cost ksh. 1500 and its selling price is 1800.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 23, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

C

ColinPlatt

Montgomery Village, United States

I

ideerge

Mountain View, United States

EHTHighSchool

Egg Harbor Township, United States

Tilius

Oslo, Norway

J

Jdoyle

Kitchener, Canada

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

A

argentpepper

Boston, United States

L

louisela

Eugene, Oregon, United States

G

gt2016c

Birchgrove, Australia

ElWal

Kirn, Germany

B

bopsquod

Seattle, Wa, United States

K

khassi

AinEbel, Lebanon

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