Mercyline

Kilifi, Kenya

9% repaid

Entrepreneur

Name

Mercyline

Member since

September 2012

On-time repayments

78 installments  •  4%

About Me

My full name is Mercy Uchi Nyinge born in a family of five,living in Chonyi division in Kilifi County, currently am self employed.I started my business immediately after my O level education in the year 2007. I started my business to keep myself busy awaiting to join College. My business deals with selling of coastal materials i.e Kangas, located at Chasimba town.

My Business

My business mainly deals with sell of coastal materials like kangas ,kikoi and others. I started it back in 2007 when i completed my O level education. There is high demand of my products because they are mainly used during various functions like wedding parties, burial ceremonies and it enjoys monopoly in the area. The materials cheaply obtained in and durably.There is no much risk the business faces as the materials dealt with are durable.Monthly revenues:30,000 Kes. Monthly cost:15,000 Kes, Monthly profit: 15,000 kes.

Loan Proposal

if i am privileged to get zidisha loan .i will use 50% of it to increase my clothing stock, this will improve my sales considering that this is the Christmas season and its the peak season for my products.also this Dec/=ember holidays also sees most residents having their parties hence also improves the sales . The rest of the amount i will buy a sewing machine as i lent how to make dresses.this will bring a new image to my business because it will be a new service to the business and many people have inquired for the same.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$239.00

Date disbursed

Nov 21, 2012

Repayment status

Late

Projected term

79 months

Lenders

C

CWS

Huntington beach, ca, United States

P

pewatz

Tuebingen, Germany

ElephantCastle

Berlin, Germany

Alessandro

Verona, Italy

russell

leicester, United Kingdom

Sundstroms

Falun, Sweden

GV1986

Milano, Italy

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  • Mercyline    Oct 4, 2014

    i have been having problems in my new business, but i promise or now i hope things will be good and i will be able to pay as i ave requested above. for now am still struglng to have my new business enter the market well. i could not pay as i had requested before as i had to first ensure that all are well with my business but as long as now am settled i promise to honour this request. thanks all

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  • Mercyline    May 29, 2014

    may GOD help me to continue with my repayments

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  • Mercyline    May 29, 2014

    am sincerely very sory for the inconvenience i caused after failing to repay as i had indicated before . for now i have started another business after failing in the one i had and i promise to pay as i have requested so as not to cause more inconvenience. i hope you will abide by me and allow me to pay as above requested. asnteni sana

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  • Mercyline    Dec 13, 2013

    its my pleasure to inform you i resumed working in my business three weeks a go and things are not bad and i hope to start paying on 23rd when i will be closing my business month. i promise not to fail to pay its only that i cant reschedule my loan but i could do so to change the dates but please bear with me.

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    • Alessandro    Dec 14, 2013

      Hi Mercyline, no problem for me, it's important you're okay now.
      Take the time you need.
      And have a good festive season.
      Ciao.
      Alessandro.

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  • Mercyline    Nov 21, 2013

    thanks to zidisha for your support and understanding, i delayed in paying coz my business was very down due to the illness but since am now okay and now its the Christmas festive season i hope to resume paying by December this year

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  • Mercyline    Jul 16, 2013

    for sure its not my will to delay in payement but cicurmstanses may cause such.since that time of illnes i have had a rough time because aftyer i was attacked by the illnes my mother also was the next to be attacked by illnes being the only daughter i had to take care of her hence jeorpadising my business .upto now she is not okay bt iwill strugle to ensure that i pay the loan in a later date please understand me and give me time.

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  • Mercyline    Apr 16, 2013

    Firstly, i must apologize for not communicating to you.Secondly, i want to state why i cant make my payments hence request for a grace period.Ive been sick since may 9th that i was not going for work.the little amount i had was used in medication hence not able to make my two consecutive months.Am now a bit okay that hope to resume working soon and continue with payments to allow zidisha carry out its transactions without inconvenience. thanks in advance

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  • analinjsaturria    Apr 10, 2013

    Dear lenders,
    This is Analin Saturria McGregor with Zidisha's Communications team.
    A community loan officer who had previously worked with Mercyline helped us contact her to check on her and find out the cause behind her lateness in her loan repayments. He has informed us that Mercyline had been ill for the past two months. Fortunately, she is feeling better now and is back working.
    One of the goals of microcredit initiatives is educating borrowers in adequate financial management. When facing financial constraints, it's very important that borrowers are able to assess their changing capacity to meet their credit obligations. Knowing her past credit history, her former loan officer has helped her determine the kind of payments she is able to submit while her business is on the mend. This will allow her to keep her accrued debt under control and fulfill her obligation within her current means. We hope you are as happy as us to hear Mercyline is not only feeling better, but back to work.

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  • Mercyline    Jan 2, 2013

    than you zidisha team and the lenders as a whole.the loan was of great benefit to me as it saw my business rising up this festive season.i increased my stock when i received the money and saw my self making sales i had never made before.i did delay in updating because i could not close the shop and travel for about 30 kilometers to get the internet services .but for now i thank God has seen us through the new year and given me the opportunity to let you know my progress and the out come of the loan i received. thank you very much.

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  • Mercyline    Nov 21, 2012

    Thank you to the lenders who funded my loan application and Zidisha as a whole. I swear to use the loan granted as per the details in my application May God bless Zidisha.

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  • Mercyline    Nov 20, 2012

    I must gratify my gratitude to all lenders whom have so far contributed their bids toward my loan application.Thank you very much and may the almighty bless you abundantly .For the remaining bids i beg other lenders to help me in accomplishing my dreams. Thank you in advance.

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  • Mercyline    Nov 19, 2012

    i take this opportunity to thank you Zidisha team for posting my loan application.To the lenders thank you very much for funding my loan.I urge other lenders to help me accomplish my dreams by funding my application fully before the biding deadline.Than you for your support and may God bless you.

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