Loan to buy stock of painkillers

Mercy

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

September 2014

On-time repayments

271 installments  •  23%

About Me

My name is Mercy Wambui. I was born in Muranga county I went attended my primary and secondary school there and later migrated to Mombasa where I went to live with a relative. I come from a family of 6 and I am the first born. My mother is a single parents and she raised us single handedly through doing menial jobs. i got employed as a house help for two years and later decided to start my own business from my savings.

I am a single mother of three children - two boys and a girl abed between 10 - 16 years and they are all in school. i am a hardworking person and this has enabled me raise my family in spite of many odds that I face as a single parent.

My Business

I currently deal with supplying 'over the counter' medicines to shops around Mombasa and the surrounding areas.My main area of specialty is painkillers which move very fast in this densely populated area. I buy them from big stores in cartons and then sell them in dozens in retail outlets.

This is one area that many people have not ventured and the business is quite profitable. I am able to make a net profit of $250 per month and I hoping to expand my business further and I am optimistic that my sales will rise further.

In spite of the relative success that I have made in my business, I do encounter challenges - key among them, slow business growth due to lack of finances. Being a sole bread winner, there are many competing needs for the profit I make and I only spare a small amount of money for business expansion. Given credit from Zidisha, I will be able to step up my growth curve within a short time.

Loan Proposal

With this money, I will buy 2 cartons of painkillers. I will buy Panadol (this is the most popular painkiller in Kenya and it is paracetemol based) and Panadol extra.
These two will cost $45 and $50 respectively. I will be able to supply these medicines to retailers within a few weeks and make some good profit.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 2, 2015

Repayment status

On Time

Projected term

4 months

Lenders

H

howard

Vence, France

TyrynyRed

United States

J

Joggele

Austria, Austria

P

Prometheus

Duisburg, Germany

CC

Catherine CatDesignz

Halifax, United Kingdom

Thomas

Basel, Switzerland

Ask Mercy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Jane    Jun 27, 2017

    I spoke to Mercy and she has been going through some financial and family difficulties. She promised to clear her arrears next month of July.

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  • Mercy    Apr 29, 2016

    I have a family problem that is keeping me away from my business and this has affected my cash flow. Kindly allow me to keep my weekly instalment at this level until I solve the matter. Thank you.

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  • Auguste    Jan 24, 2016

    Hi Mercy,
    I've funded part of your loan. I hope you are able to raise the balance for the planned expansion from other lenders. Best of luck with this and it's a pleasure to make your acquaintance and do business with you.
    All the best,
    Auguste

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  • Mercy    Jan 18, 2016

    I have been able to expand my business at a much faster rate due to affordable credit from Zidisha. I look forward to growing even further by securing more credit from you. Thank you so very much.

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  • Mercy    Apr 13, 2015

    Yes, you have done it again! This will be a major step in my business and it will enable me expand my territory. Thank you so much for the loan and I wish you success too.

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  • Thomas    Jan 1, 2015

    Hi Mercy, at how much do you resell one box and how fast are you expecting to resell?

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    • Mercy    Jan 2, 2015

      Hi Thomas, since I am a wholesaler, I hope to sell the two boxes in about three weeks. My profit margin is 20%. Thanks for your support and happy New Year.

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  • Mercy    Sep 17, 2014

    Thank you lender SunnyB28 for your compliment and for being the first one to bid.

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  • SunnyB28    Sep 16, 2014

    Hi Mercy - I hope you get full funding of your loan soon and that it helps you to achieve your goals. I was very impressed with your story and can see you are a determined lady, prepared to work hard to succeed and to support her family. Good luck with your endeavours - Best Wishes to you and your family.

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