Inventory of used clothes and shoes for my shop

Mercy

Chepkosa, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

February 2015

On-time repayments

198 installments  •  61%

About Me

My names are Mercy Chebet. I am a permanent resident of Chepkosa village, in Bomet. I am married and we are blessed with three children. I completed my secondary education in 2013. After looking for a job in vain, I decided to venture into business of selling new and second hand clothes. Later as the business grew I introduced shoe wares. The proceed income from my business is put back to the business and the rest is used to support the daily expenses of my house hold.

My Business

My business deals with the new and second hand clothes, shoes wares. There is demand for these goods especially the second hand clothes due to the government regulation of the cotton industry. The demand is also due to my competitive price to the customers. Customers prefer my business because of the ideal strategic location of the business. I am polite and courteous ant that is the reason customers prefer my business. The business is profitable because I am able to add stocks and I can see it grow each and every month and now especially after joining ZIDISHA org. My monthly cost of sales is > Kshs 40,000.00. Total Monthly sells is > Kshs 80,000.00
Transport cost and other expenses: Kshs 10,000.000, Rent Kshs 2000.00
Total expenses Kshs 12,000.00.
My monthly net profit > Kshs 28,000.00

Loan Proposal

I would like to expand my stock of second hand clothes and shoes, to which demand is so high in my area of business. I therefore plan to use $101 on purchasing the additional stock as follows: I plan to buy an extra Bail of clothes at a cost of $60.5, and extra bag of footwear at a cost of $40.40.
The increased stock will improve my net profits; help me pay the loan with ease, and save more for future projects, such as introduction of women wigs within the same shop.
Sincerely Mercy Metet
Thanks

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Aug 19, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Rdcmole

Cincinnati, United States

H

hilde

seattle, United States

L

Leonora

TÄBY, Sweden

thomas2666

Brisbane, Australia

John Minges

United States

TF

Tom Fawcett

United States

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    May 6, 2019

    Dear lenders! Mark Rowlatt & Kitty,
    I wish to thank you for your kindness to fund my project. Even though I could not raised the required amount enough to fully cover my budget, I'm very happy for your show of concern. hope I will get enough funds in my next loan request.
    Thank you so much and God bless you in plenty.

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  • Ren    May 1, 2019

    Dear Mercy: I am not sure why your loan didn't fund........I hope you try again! Sometimes, there are so many loans that someone's gets overlooked.
    Best,
    Karen

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    • Mercy    May 1, 2019

      Dear Karen,
      Thank you for your concern. I'm also not sure why I'm not funded in time. Unlike previous loans, I was funded within a week. I hope and believe you will fund my project again when I reapply after this one expires. Thank you again and God bless you.
      Sincerely
      Mercy

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  • Mercy    Apr 17, 2019

    Business is beginning to pick up after a long season of drought.

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  • Mercy    Sep 26, 2018

    Low income at the moment.

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  • Mercy    Dec 26, 2017

    sells are temporarily low at the moment.

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  • Mercy    Nov 27, 2017

    My Zidisha lenders,
    I take this opportunity to confirm my received of all the amount of a loan you extended to me. I have already put into business as indicated in my proposal. I am doing good business wise and hope it will be good through.
    Thanks for your unceasing assistance.
    Mercy Chebet.

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  • Mercy    Oct 25, 2017

    Dear Zidisha members,
    I wish to thank you for responding positively by funding my project. I confirm to you that I have received the full amount and I am now preparing to purchase my shop inventories. As usual I will be punctual n repayment.
    thank you so much.

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  • Mercy    Oct 24, 2017

    Dear lenders,
    thank you for accepting to lend me. I am very very happy. I will spend the money purely on restocking my shop. Thank you for partnering with me to make my business a success.
    Be blessed a lot.

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  • Mercy    Oct 19, 2017

    Dear Zidisha lenders,
    I would like to first wish you and your families a happy coming holidays in the next two months. May this year end on a cheerful note and make way for a joyful 2018.
    I am grateful for the loan that I just cleared for it did me wonders for it gave me more than double the previous profits.
    As I apply for another loan, I humbly request you to find in your hearts to consider funding me again to increase my stocks. I also promise that I will never let you down in repayment
    Bye and a happy new year.
    Sincerely Mercy Chebet

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  • Mercy    Oct 18, 2017

    Dear Zidisha lenders,
    I wish to express my happiness for the funds you made to me. The business is doing great. Since I increased the goods in my clothing shop, the customers increased tremendously since they get the right goods of their choice in my shop. Also, my profit has increased.
    So, receive my sincere thanks in plenty.

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  • Mercy    Oct 18, 2017

    Dear Zidisha funders:
    I am writing to express my deepest thanks for your generous loan that I just cleared. Generous gifts from funders like you provide the financial and moral support needed to sustain and grow my business.
    With your faithful financial loan to me, you’ve demonstrated your deep commitment to my clothes ware to serve my clients better as I improve my family welfare by the profit I make.
    Your support has repeatedly played a key role in success of my business and I am grateful for the trust you've placed in me.
    There is no way to fully express my gratitude for your loyalty. I and my family are continually inspired by the dedication and generosity of funders like yourself who answer the call to loan again and again.
    It is my hope that this small way of expressing may gratitude to you will help to communicate my very big thanks for your generosity. I look forward to a continuing partnership with you.
    Sincerely,
    Mercy Chebet

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  • Mercy    Oct 25, 2016

    I will be more comfortable paying kshs. 500 at the moment.

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  • Samuel    Oct 12, 2016

    Hi lenders, i have contacted Mercy Chebet and she promised to continue paying her loan. thank you

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  • Mercy    Aug 2, 2016

    I earnestly ask you to alloy me pay 800 kshs/week which makes kshs 3200/month which Iam comfortable with.
    Thanks and God bless you.

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  • Mercy    Jul 15, 2016

    Dear lenders,
    I wish to thank all of you who funded my project. I have received all the funds you made to me and I have already spend them on what was intended.
    Thank you and again thankyou.

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  • Mercy    Jul 7, 2016

    I wish to thank all who help in my business support by loaning me. This funds will be used for what was intented in my proposal.
    Thanks and God bless you all.

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  • Mercy    Jun 23, 2016

    Dear Zidisha funders:
    Your support has repeatedly played a key role in success of my business and I am grateful for the trust you've placed in me.
    There is no way to fully express my gratitude for your loyalty. I and my family are continuously inspired by the dedication and generosity of funders like you who have always answered the call to loan again and again.
    It is my hope that this small way of expressing my gratitude to you will help to communicate my very big thanks for your generosity. I look forward to a continuing partnership with you.
    Sincerely,
    Mercy Chebet

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  • Mercy    Feb 9, 2016

    2. First of all I wish to thank you for generously supporting my business to stand as it is for without you, I don’t think I would be where I'm today. It was doing well until the schools were opened then the business move to its low for school fees related. People are struggling to pay school fees which are usually higher in the term compared to other two terms.
    I will reschedule back to my current schedule when the business is back to normal.
    Thanks
    Sincerely
    Mercy Chebet

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  • Mercy    Dec 29, 2015

    To my dear lenders,
    Happy new year to you all.
    I take this opportunity to thank you all for the unending assistance you have been offering to my business. My livelihood has improved since I began to interact with you business wise. My children are now happy than before. It would not be so without your support.
    Thanks a lot

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  • Mercy    Sep 22, 2015

    Due to low business, I wish to reduce my weekly payment to Kes 300 per week so that I keep my on time payment without jumping my schedule. Will reschedule when business pick up.

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