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
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$290.00
Date disbursed
Feb 6, 2021
Repayment status
Late
Projected term
6 months
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