Increase my business stock

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

Thanks zidisha lenders again for the second opportunity to get loan from you .I would like to propose that give funding I will use the entire loan the 200 us dollars to buy inventory for my shop and I believe that the move will increase my sales and enable me make more profits and repay early.
Thanks in advance I look forward o your support.Be blessed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.74

Date disbursed

Feb 16, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $197.74 at 7.04% annual rate over 2 months = $3.17

Service fee: $1.69

Lenders

P

Philippe

Adliswil, Switzerland

T

tloureiro

Pfungstadt, Germany

Zidisha

Sterling, United States

BJ

Brandon Joz

North Carolina, United States

F

fisaire

Ithaca, United States

DLarson

Morris, United States

C

cravioli

geneva, Switzerland

Jouni

Finland

ads68

Melbourne, Australia

Shealady

Halifax, Nova Scotia, Canada

K

KnutG

Bergen, Norway

T

thebonseung

Republic of Korea

Shemuel

New Jersey, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

Mikers

Netherlands

P

Prometheus

Duisburg, Germany

A

adamdreaming

United States

AP

Andrew Page

United Kingdom

KM

Kirsty M

United Kingdom

ES

Ed Sikorski

United States

Richard

Shrewsbury, United Kingdom

Humble Bundle Community

San Francisco, United States

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