Purchase of clothing and shoe inventory

Mercy Chebet

Chepkosa, Kenya

100% repaid

Entrepreneur

Name

Mercy Chebet

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 intent to buy 5 more bails of clothes and 1bail of shoe wares to an existing stock.
This is after I have gain more customers in my shop as a result of my human resource skill in customer conduct which has made my customers gain faith in my clothing goods hence high demand of my products. Also funding from ZIDISHA is another important factor to my business expansion.
I need an amount of US$ 365 to purchase five bails of clothes and one bail of shoes as follows:
-5 bales of clothing at $60 per bale = $300
-1 bale of shoe wear at $65 per bale= $65
Total = $365
At the cost of $60 each, this will earn me $90 each when fully sold hence a profit of $30 each bail which give me a total profit of $150 . The bail of shoes cost $65 which when sold will earn me $95 giving me a profit of $30.This is a good additional profit to my business. I will ensure prompt repayment as I have been in my previous loans. I hope and believe that you will consider supporting me.
Thanks
Sincerely Mercy

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$365.01

Date disbursed

Jul 11, 2016

Repayment status

On Time

Projected term

17 months

Cost to entrepreneur

Service fee: $15.03

Lenders

C

Cblodgett

Zurich, Switzerland

A

anonymus

Moon, United States

Zidisha

Sterling, United States

G

graememoss

Amsterdam, Netherlands

Gooner

oak park, United States

K

kaf121

Lynnfield, United States

D

Divergent

Bethesda, United States

B

Butters

San Jose, United States

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

Sunnyside

Stafford, United Kingdom

Bobrm2k3

Charleston, United States

K

kingcamo1095

Mountain Home, United States

mojobob

Hayward, United States

B

BMcDermott

Washington, DC, United States

Evan Lamos

Brussels, Belgium

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

M

Mullagh

United Kingdom

Paul Buchheit

Mountain View, United States

B

bugdaniel

Switzerland

M

Manley

Windermere, United States

Loungin

United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

Thorn

North Carolina, United States

C

Crainster

Chapel Hill, United States

D

djlayton4

United States

K

Kristiina

All Countries

Nigel Titley

Milton Keynes, United Kingdom

P

PC

United States

TM

Theo Mbise

Switzerland

W

Wade

United States

C

Chitti421

United States

George

Corvallis, Oregon, United States

CNV

United States

JR

Jeffrey Rosen

United States

A

Ashley

United States

Sarah and Dave

Toronto, Canada, Czech Republic

Aylsham Rotary

Aylsham, Norfolk, Uk, United Kingdom

Kavitha Amarnath

Sydney, Australia

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

DL

Dan Lawrence

United States

TF

Tom Fawcett

United States

Paul Smithson

Leeds, United Kingdom

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

AK

Achim Königs

Bonn, Germany

Eugen Stamm

Zurich, Switzerland

B

Bramlage

United States

MW

Mandy Wilson

United States

MT

Marco Tietz

United States

SH

Steven Huntington

London, United Kingdom

JO

Johan O

Borlänge, Sweden

Johnatan Ariotti

Brasília, Brazil

Ondrej Gutten

Prague, Czech Republic

Y

YTSJ

London, United Kingdom

Philip Schueler

Newbridge, Ireland, Ireland

JC

Justin cohan

United States

S

stevensau

United States

EthicalHost

Toronto, Canada

BS

Brandon S

United States

KE

Karen Epolito

Syracuse, NY, United States

Claire

San Fransico, United States

LK

Leslie Kelly

United States

GA

Giovanni and Yelena

New York, Ny, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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