Clothing sales

Mercy Cherotich

Litein, Kenya

35% repaid

Entrepreneur

Name

Mercy Cherotich

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

I will use the loan to restock ladies handbags. I have learned to have variety of bags. As we all know, ladies like unique stuffs. Therefore, my products will be unique hence marketable.

Income Source

Most of my clients like paying in installments. So, I encourage them to pay some percentage. This percentage will be the buying price plus a small percentage. The remaining balance will be purely extra profit. At this point, I will not run at a loss

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$290.64

Date disbursed

Feb 6, 2021

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $13.62

Credit risk payment: $40.86

Lenders

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marycb

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P

ploeger

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MarktheMormon

Sandy, Utah, United States

ElWal

Kirn, Germany

Cloudways

Malta, Malta

ads68

Melbourne, Australia

Bobrm2k3

Charleston, United States

L

Leonora

TÄBY, Sweden

Scotts5320

New York, United States

PolarBearCapital

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Karijn

Amsterdam, Netherlands

R

Robert

Berlin, Germany

Emily

San Francisco, United States

L

Liam

New Zealand

MC

Melissa Corrigan

Richmond, California, United States

Carrie

Arlington, MA, United States

JT

Joanne Thompson

United Kingdom

RD

Roel De Meester

Antwerpen, Belgium

LM

Lee Montecucco

Washington State, United States

L

Linda

Netherlands

M

Malte

Switzerland

J

Jakub

United States

Sayuri

United Kingdom

M

Melissa

United States

D

dasantewoman

Indianapolis, United States

B

Bharat

Princeton, United States

A

ana

United States

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