Increase stock for my store

Mercy Kiptogoch

Eldoret- Kamukunji Estate, Kenya

100% 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

My proposal is that given funding ,I will use all the US Dollars 100 to add stock to my business.I believe that during these festive season I will be able to get high sales .Looking forward to your help.Be blessed dear zidisha lenders.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.18

Date disbursed

Dec 28, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.18 at 3.35% annual rate over 2 months = $0.65

Service fee: $0.71

Lenders

YB Song

Seoul, Republic of Korea

NhinSD

San Diego, United States

C

cjmenchaca

Austin, United States

R

rholden

glen iris, Australia

D

danjimerson

Hammondsport, United States

fairspirit

Utrecht, Netherlands

dmirpuri

Bangkok, Thailand

G

GanSatya

United States

J

JessicaAna

Maputo, United States

KM

Kirsty M

United Kingdom

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  • Mercy Kiptogoch    Apr 25, 2015

    I would like to adjust the repayment amount to enable me pay conveniently the reason being sales have gone down a little ,but if if it goes up I promise to increase the amount.God bless you

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  • Mercy Kiptogoch    Apr 2, 2015

    Dear Zidisha I have a complain about how my Credit limiter was varied at ,This is my third loan now ,
    Remember that you said and I printed it I have the copy with me that now onward anyone can make a payment up to 50% .
    But remember also that I only paid only 6000 ks as lam sum ,Does this make it more than 50% of what you posted?.
    Please help me and increase my limit .Because I expected 36000Ks plus bonus of 7000Ks which total to 43000Ks.
    This has really inconvenienced me and my plans.
    Thanks in advance for your concern.
    God bless Zidisha.

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  • Mercy Kiptogoch    Mar 30, 2015

    God bless Zidisha because they have made me proud in our society ladies are considered non starters .Thanks a lot

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  • Mercy Kiptogoch    Mar 30, 2015

    Thank you so much zidisha lenders for the second loan which I have just completed paying .It was really helpful to me in that I have increased my stock almost by 50%.
    Now I need the third loan to enlarge my store because there is no enough space for other commodities to be stocked.
    The rainy season is just about to begin therefore I need a large store to stock. enough commodities for my costumers
    Thank you so much for the good work you are doing to help small business people grow .
    Zidisha has made me proud.
    Yours mercy Chepkorir

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  • Mercy Kiptogoch    Mar 10, 2015

    I TAKE THESE OPPORTUNITY TO THANK ALL LENDERS FOR THE LOAN THAT I TOOK IT ENABLED ME TO ADD INVENTORY TO MY RETAIL SHOP ,NOW I DONT SELL OUT OF STOCK,MY CUSTOMERS ARE HAPPY AND ALSO BUSINESS HAS INCREASED THAT IS WHY IAM ABLE TO REPAY EARLY AND HAVE ALSO INCREASED MY REPAYMENT AMOUNT.
    MAY GOD BLESS THE ZIDISHA COMMUNITY AND ALL LENDERS FOR THAT HELP TO HUMANITY

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  • Henry Cheruiyot    Feb 27, 2015

    CONGRATULATION MERCY IN YOUR BUSINESS GOD WITH US AMEN, PLEASE SMS FOR ME YOUR NO . TO 0728090249, THAT IS MY NO , SO THAT WE TALK MORE, SIKU ELEWA PAHALI UNAISHI ATI SOLAY , UPAND YA NAKURU AMA ELDORET. PLEASE LET ME KNOW.

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  • Mercy Kiptogoch    Feb 24, 2015

    due to the loan that I received MY business has increase suddenly and I believe it is better I pay back before time.

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  • Shealady    Feb 11, 2015

    Hi Mercy
    I love your store, you seem like quite the business woman. I wish you the best in your business and much prosperity and Love and Light in your life. I know you will get all the funding you need....God Bless
    Lorey
    Shea Lady

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  • Mercy Kiptogoch    Feb 10, 2015

    Thanks all zidisha lenders for the loan I have just completed I has really changed my life and I believe my partnership with zidisha will give me a hope and a better future.God bless you.

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  • Mercy Kiptogoch    Jan 21, 2015

    BUSINESS DOING GOOD GOD BLESS YOU ZIDISHA LENDERS

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