Enlarge my household goods store

Mercy Kiptogoch

Eldoret- Kamukunji Estate, Kenya

50% repaid

Entrepreneur

Name

Mercy Kiptogoch

Member since

December 2014

On-time repayments

139 installments  •  37%

About Me

M names are Mercy Chekorir Kiptogoch ,I was born in Nakuru District in a place called Solai.I was brought u in a family of six Siblings being the third born.I joined nursery school in the ear 1990 where b I completed my primary school in the ear 1998.Later on I joined Maji Mazuri Girls High School by the ear 1999 to 2003.By the year 2004 I decided to venture into business where by I decided to run a shop in which I started saving some little amount of money until I could pay m college fee.I managed to take a course by the name social work in African Institute between 2010-2012 .I managed to score a mini score of credit. I am NOT married yet

My Business

I started business after finishing my school ,the name of my business is called JUNCTION SHOP which is located in Kamukunji ,a slum estate .The stocks I do sell are house hold goods both consumables and non consumables this includes food stuffs, human, small boutique,I also have M-Pesa services within the shop. the business is worth kshs 120,000, and approximately makes a gross profit of kshs 35000 (403 US Dollars) or income before these expenses. Nett profit usually fluctuates between ksh.12000 to ksh.18000 (US Dollars 130 to 210).I normally use the profits from my business as follows :40% to support family up keep ,10% to support my local church,30% I put back in business stock,20% savings.
The challenge I have in these business is lack of enough capital to stock ,while the strength I have is I have no competitors to my business.

Loan Proposal

If am given this money I will buy 10 bags of cement at $100
I will also buy 7 tons of sand for construction at $50
I will buy the building blocks at $50
I will also able to pay masons $50
And also $20 will be for the paint of that very store after its completion.
Thank you Zidisha in advance for considering me again for the third time for funding,This will create a large profit for me and my business
because I will be having all the commodities that are in demand by my customers.
According to this business, if the store is enlarged and all the required commodities are stocked ,I expect my profit to increase up to $300 monthly.
I will be faithful in repaying again as before.
God bless the Zidisha Lenders

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$273.44

Date disbursed

Apr 8, 2015

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Service fee: $10.22

Lenders

K

Kondonassis

Bridgton, United States

Shealady

Halifax, Nova Scotia, Canada

Cadwah

Barcelona, Spain

fairspirit

Utrecht, Netherlands

J

jonastang

Hong Kong, Hong Kong

J

jenda

Czech Republic

P

plhughes

United States

mepster

San Francisco, Ca, United States

G

Gavin

New Zealand

C

ColoradoSkier

Denver, United States

E

Ejackson

United States

PC

Patrick Clavette

Hartford, Wisconsin, United States

moursund

Beaver Nation, United States

Mouhamed

United States

Paul

Seattle, United States

JD

Jeff DePree

United States

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