Loan to renovate my material shop

Mercy

New Dormaa Sunyani, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Mercy

Member since

January 2016

On-time repayments

47 installments • 47%

About Me

My name is mercy Nyarko, l come from sunyani in the brong ahafo region of ghana
My Story Life was very tough Education was very difficult; I started Junior Secondary School at the same time as Ice water seller. As ice water seller I was able sell and saved money. this really helped me to afford all my Educational Bills.
Then after High School and i became a clothing seller . and establish my own joint stock business. There i sell all kinds of materials and cloths for people to sew and designed as shirts, trousers, skirts, and also materials and cloths for funerals,weddings,outdooring etc

My Business

After my secondary education I started my own joint stock Business.My Business deals with Clothing Lines; depending on specific prints and order from my customers and prospective orders and contracts; The Business concentration at the moment is purely on these prints Africa cloth, China cloth and materials, Orders and Prints, and Mostly Ghanaian cloth. The African print the raw materials
are bought from we the clothing sellers. The African Designer will then design the specific and chosen styles, which will be sewed by the Designer and then we also pay for all the negotiated charges. After that we will carter for transport & handling charges, marketing and sales cost.
The typical cost are;
a.) Cost of the Materials
b) Transport & Handling Cost
c,) Marketing Cost
d.) Sales Cost
The business profit is used to
reinvest for the betterment of the
future business.

Loan Proposal

hello my dear lender first of all l would thank zidisha team for this opportunity granted to be party of this big family ,l am appealing to lenders to come to my aid with $50 to add to my savings to support me renovate my shop to be standard , l understand teams and condition agree on this loan and all you contributions are welcome thank you

Feedback

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Negative

Hans Moor Mar 15, 2017

Mercy Nyarko does not pay back her loan and she does not communicate

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 19, 2016

Repayment status

On Time

Projected term

2 months

Other loans

Apr 2016: $156

Aug 2016: $49

Lenders

Laurie

Sry, Canada

JillV

Corning, United States

Isak Maaseide

Tromso, Norway, Norway

Roy

Espoo, Finland

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Hans Moor Feb 25, 2017

Hello Mercy Nyarko, Is there a reason why you do not pay the loan back ??

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M
Mercy Aug 24, 2016

Hello lenders I have received the loan and thank you so much .i would use the loan for the purpose for which it was requested

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M
Mercy Aug 20, 2016

Hello lenders Tha k you for funding my loan

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M
Mercy Aug 19, 2016

hello lenders thank you so much for helping my business to this far, may Almighty father replace you with all that you spent on me and would stiull need your help again

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M
Mercy Aug 18, 2016

Hello my dear lenders now things are better and would like to increase my repayment schedule thank you for your patience.

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M
Mercy Aug 16, 2016

Hello lenders I would like to Increase my pay since business has been good for while now thank you for your support

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Stephen Jul 16, 2016

Dear Lenders,

I am sorry for the delay payment of Mercy, I called her and she assured me that, approximately next week she will do a payment and settled everything. Thank you.

Stephen Yeboah
Volunteer Mentor

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M
Mercy Jun 16, 2016

Hello lenders thank you do much for the loan l got it and no used it for the purpose for which the loan was given to me may god richly bless you amen

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Stephen Jun 16, 2016

Dear Lenders,

I am so sorry for the delay of Mercy's payment. I call her and she informed me that, he has invested the money into her business. But approximately this week she will make payment. Thank you so much for your patience.

Stephen Yeboah
Volunteer Mentor

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M
Mercy May 3, 2016

heloo lenders l am so happy that you have fund my loan thank you so much and l would use the money to fill my shop with more cloths..

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LD
Leah Debra Apr 30, 2016

Hello Mercy,

I'm inspired by your story and i'll be happy to support you. I was wondering if you'd be open for an email interview? It's for my blog. I cover stories on global entrepreneurs. Let me know. Thanks.

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M
Mercy Apr 18, 2016

Pls lenders I have paid my last loan 13-04-2016 but my account has been credited thank you

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M
Mercy Mar 31, 2016

l would like to adjust my payment thank you

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M
Mercy Feb 6, 2016

pls l have made payment of 40ghs so credit my acoount id 21739617
mtn number 0544361998

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- Roy Feb 8, 2016
  
  Mercy, You should know that this space is for communication with your lenders.... While it is fine for you to right and tell us that you have made the payment, it will not speed it speed the process. You can contact the staff at [email protected], but remember the process time is three days.
  
  You should also know, to increase the size of your next loan, you must not repay more than 50% of the loan in a seven day period. Sometimes people forget this, then are disappointed when they can not borrow more the next time.
  
  Best wishes,
  
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  - M
    
    Mercy Feb 19, 2016
    
    Thank you, Roy, for your education on this. May God bless you for the good work that you at you are doing to help us...
    
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M
Mercy Feb 2, 2016

l have reduced it from 10 ghs to 5 ghs with your permission. Thank you.

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M
Mercy Jan 20, 2016

Thank you, lenders, I l have received the loan. May god richly bless you.

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M
Mercy Jan 13, 2016

pls Roy whenl go to edit loan to make the changes the system doesn't allow me to penetrate through it say error has occur l should try again , l have done that severally is not going through but l was able to change my picture through my Facebook account,,thanks for you guide line Roy

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- Roy Jan 13, 2016
  
  Mercy,
  I am pleased you consider my feedback of help. As Zidisha only helps with the loans, there is no guarantee. I consider it worth doing what you can to improve your chance of success...´The smile seems to be important.
  Unfortunately, I do not know how to fix your problem...I would try uploading a photo directly. If that does not work contact the staff at [email protected]. They are very generous, and I am sure they will be able to help.
  Finally, you should know that this space is intended for communication with your lenders...We may be able to help, but it may also be that we do not read the message.... Unfortunately, people are busy, so sometimes they do not have time to read certain messages written here.
  The staff however, being generous as they are promise to give time to help, so they are trained in the technical side of how things work.
  
  Good luck.
  
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  - M
    
    Mercy Jan 14, 2016
    
    thank you Roy for having time to explain things to me god richly bless you,
    
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M
Mercy Jan 13, 2016

thank you given me guide line on how to choose a pictures that will attractive lenders to fund your loan l have just done that thank you

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