Selling second-hand clothing

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 intent to buy 3 more bails of clothes 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.
I need an amount of US$ 181 to purchase three bails of clothes at the cost of $60 each This will earn me $90 each when fully sold hence a profit of $30 each bail. This is a good additional profit to my business. I will ensure prompt repayment of the loan when given. 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

$181.00

Date disbursed

Jan 2, 2016

Repayment status

On Time

Projected term

5 months

Lenders

Martin

Manama, Bahrain

Sundstroms

Falun, Sweden

Ingela

Falun, Sweden

Bobrm2k3

Charleston, United States

L

Leonora

TÄBY, Sweden

JA

Jorge Alagon

Munich, Germany

SE

Sven E

Mannheim, Germany

MW

Matt Willis

United States

W

Wade

United States

JO

Johan O

Borlänge, Sweden

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