Cereal for retail

Mercy Barasa

Lanet Centre, Kenya

4% repaid

Entrepreneur

Name

Mercy Barasa

Location

Lanet Centre, Kenya

On-time repayments

270 weekly installments  •  13%

About Me

Am a married woman to a military man working with Kenyan Defence Force. I live in Lanet Nakuru County; lanet is located eight kilometers outskirts of Nakuru town. Am graduate teacher from Moi University in Eldoret, I pursued bachelor of Education in mathematics and economics.currently am working at shiner’s girls high school Nakuru, as mathematics teachervisible from Nairobi/Nakuru highway. I have two year old child. I attend African Inland Churches of Kenya, located in Lanet near. I participate in Community building in the area such as tree planting, assisting the needy and encouraging programmes for the girl child. Being a business woman has been my career choice, it has benefited me so much; I have been able to buy a piece of land in lanet from my business returns

My Business

I have been operating a cereal shop for the last five years. I started these type of business because of ever increasing demand of maize, beans, sorghum, millet green grams rice and many others. Nakuru has a very high population which gives me a very effective demand. I chose the products due to its great availability. In the area I do not have high competition and the existing competitors I have an advantage over them, I buy my cereals during harvesting when the price is very low, dry them properly to maintain high quality and treat them with pesticides to avoid piercing by weevils. I sell my products at a very friendly price which keeps on attracting more and more customers. My business does not face any risks because these products are the staple food for the whole community. In a month I incur approximately kes 150,000 inclusive of costs of buying the cereals, labour cost, rent and other miscellaneous expenses; from the cost of sales I am able to make amonthly revenue of kes 240,000 with a profit margin of kes 80,000

Loan Proposal

Than kyou lenders for giving me another opportunity to get the third credit limit.I will use my second loan wisely especially this festive season.My customers are demanding cereals like rice, maize , green grams and beans in large quantity.Therefore i will use 120 dollars to buy 5 bags of rice so as ,to make sure i satisfy all of them.80 dollars i will buy 4 bags of beans ,56 dollars i will buy 3 bags of maize and the remaining amount i will use to buy green grams,red grams and lentils.i will be great ful if you fund me on time so that i can make customers happy and give the a chance to have trust in me since i have promised to ensure that they get the commodities from me.thank you in advance.merry christmass

Feedback

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1

  • Christoph T    Mar 23, 2015

    Warnung vor Mercy und Ismael Barasa:
    Mercy Barasa zahlt nicht zurück: Abschreibung 420 $
    Von ihr eingeladener Ismael Barasa: Abschreibung 174 $
    ______________________________________________________________
    Voraussichtlicher Schaden: 594 $

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Loan Info

Project Type

Classic Loan

Disbursed amount

$431.78

Date disbursed

Dec 15, 2014

Repayment status

Late

Projected term

76 months

Cost to entrepreneur

Lender interest: $431.78 at 6.55% annual rate over 76 months = $178.86

Service fee: $431.78 at 5% annual rate over 76 months = $127.40

Lenders

Kitty

Hailsham, United Kingdom

Kylie

Mount Martha, Australia

davelowe100

Perryville, United States

JLadieu

Bellingham, United States

R

ruthlondon

London, United Kingdom

G

graememoss

Amsterdam, Netherlands

juliemartha

Lake Mary, United States

S

SourceWebDesign

Nieuwegein, Netherlands

Bobrm2k3

Charleston, United States

Cricketca

San Jose, United States

Treesforpeople

Oxfordshire, United Kingdom

I

IonutN

Bucharest, Romania

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

O

ormung13

Christchurch, New Zealand

N

neumans7

Vienna, Austria

T

thebonseung

Republic of Korea

J

Jmatasovsky

United States

T

tiojoca

Portugal

ToniMaree22

New Zealand

Voscke

Utrecht, Netherlands

M

mbarbier

United States

KM

Kirsty M

United Kingdom

Bernd Knabe

Dortmund, Germany

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