Mobile-phone & MPesa money-transfer business

Mercy

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

March 2016

On-time repayments

243 installments  •  57%

About Me

My names are Mercy Mugure Kimani. I'm married and have 3 children. I was born in Kiambu district in the Kiambu county which was in the former Central province. This is about 50 miles from Nairobi.

I went for early education near my rural home, which is just a walking distance and this was so good as I did not get tired going to school, unlike my counterparts.

Later I went to a school in Nairobi, Uthiru Girls high school, and after my form 4 exams, I joined a college in Nairobi to do my study in Front Office & Housekeeping.

I got married in the year 2010 and relocated to my current township of Nakuru which is 130 miles south of Nairobi.

My Business

I have been practising horticulture with my 5th loan and am happy to let you know that it was a wise decision.

Farming is not only a passion that I have, but the challenges and the ability to oversee crops from seeds to maturity and finally selling them and earning brings lots of excitement.

The farming I was doing was overhead irrigation which has it's own shortcomings, but on the other hand the profits are big. Within the first 6 months, I had started realizing profits upto 80% more.

This is the reason I want to move to a more intesified Greenhouse farming which is more productive and harvest are bigger hence the projected income will definitely double in the next half year.

Loan Proposal

I am very thankful to all of you at Zidisha for the great work you have been doing. I also take this opportunity to thank all the lenders who have had a lot of faith in me and for your patience during my repayment of this loan and the previous ones. May God continue to bless all of your and your families.

My business has been expanding each new day and since I began about late 2015 and joined Zidisha in early 2016, my business has grown very much. I started with a few clothes and a saloon and later started a mobile money transfer business called M-Pesa, later on I ventured into school uniforms all under one roof and amazingly, my profits have increased to more than 100% since I joined Zidisha.

I would therefore like to request a loan to increase my M-Pesa float, this is a financial business where customers withdraw and deposit money using a mobile phone. The reason for this is that most of the business community around my shop do not have a place for financial services, this will also include my other walk-in customers as well.

I plan to build a dedicated desk at the corner of my shop which will deal with M-Pesa transactions only. I will buy a desk, a small safe for keeping the money and small machine that shows identifies fake currency.

The cost for this will be as follows

Desk.......$50
Safe....... $30
Fake currency detector....$20
M-Pesa Float.......$280

Total amount is $380

I would like to assure you that with this amount, my profits will continue to improved and I plan to take my children to good school for them to have quality education.

May God bless you all.

Mercy

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$375.00

Date disbursed

Jun 27, 2017

Repayment status

On Time

Projected term

7 months

Lenders

TG

The Gwarden

Göteborg, Sweden

davelowe100

Perryville, United States

BrassHat

Boston, United States

DeanDropshot

Oslo, Norway

aarongabrielson

Heber City, United States

Rocketdrive

Eugene, Oregon, United States

F

FHult

Stockholm, Sweden

Pere

Barcelona, Spain

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

P

parsonsron777

Sacramento, United States

andreas

Katsdorf, Austria

T

thejacobnorton

Jubail, Saudi Arabia

C

CheesemanDan

Shanghai, China

D

Dplayer33

Sydney, Australia

F

florian

Mettmenstetten, Switzerland

pbosakov

Sofia, Bulgaria

G

graememoss

Amsterdam, Netherlands

rasmus

Bern, Switzerland

J

j12345

Durham, United States

E

ebronken

Oslo, Norway

L

leniwiec

Poznan, Poland

G

GrandmaMae

Wausau, United States

HMS_5th_Grade

Honolulu, United States

K

Kerrisdale

Guernsey, United Kingdom

Immanuel

Darwin, Australia

H

HomesteadSchool

Glen Spey, United States

U

UTLonghorn

Lincoln, United States

JTShorty

Gorham, Maine, United States

B

b_plok

Granada, Spain

gseletko

South Perth, Australia

B

bertvdlingen

utrecht, Netherlands

JOKer

Weisendorf, Germany

Richard Griebe

La Jolla, United States

M

MarianneM

Munich, Germany

Jamesaubrey

Norman, United States

R

Rootdet

Fairfax, United States

R

rossgarlick

United States

J

JeffH

United States

Paul Buchheit

Mountain View, United States

WhyPeace

United States

M

Mal57

Australia

D

DandS

United States

M

mitchmk84

United States

VK

Vasily Kudrin

Moscow, Russia

Buzzel

Frankfurt, Germany

Adrien Norulak

Zurich, Germany

soufee108

United States

N

Nicolaas

Doha, Qatar

A

amarzaidi1995

United Kingdom

PolarBearCapital

United States

P

pnrjulius

United States

S

Symoneous

Netherlands

alecors

Mexico, Mexico

PC

Patrick Clavette

Hartford, Wisconsin, United States

B

Beth

United States

United States

GT

Gillian Tee

United States

M

Marc

Newcastle upon Tyne, United Kingdom

TH

tom hd

United Kingdom

PG

Paul Graham

United States

Kavitha Amarnath

Sydney, Australia

G

Grace

Australia

BS

Brad Syverson

United States

A

Adam

United Kingdom

CR

Christine Randall

Brisbane, Australia

NR

Nick Rioux

United States

B

Bramlage

United States

Y

YTSJ

London, United Kingdom

S

stevensau

United States

KE

Karen Epolito

Syracuse, NY, United States

K

Kerry

United Kingdom

I

isaac

United Kingdom

L

LuZi44

Basel, Switzerland

AH

Amy Hammond

United States

emilio

Sestri Levante, Italy

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Andrea

Rome, Italy

Humble Bundle Community

San Francisco, United States

Day Family

Melbourne, Australia

JD

JASON DORSETT

United States

AB

Andrew Bent

United States

Jean Wren Chan

United States

MM

Mike McGary

United States

RF

Robert Foster

United States

B

Brian

Rancho Cordova, United States

Paul Buchheit

Mountain View, United States

SS

Sandi Smith

Pimpama. Queensland, Australia

A

Anonymous

United States

JB

Jane Bean

United States

R

rica

United States

DR

Diana Rose

United States

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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  • Patrick    Feb 3, 2021

    Mugure has been trying to reschedule her weekly instalments to her favourable amount but the system can't allow,which I advised her to contact zidisha through her Help page for more help.

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  • Mercy    Jan 29, 2021

    Hallo lenders, I have been trying to adjust my payment amount but the least you have the amount I can't be able to repay on a weekly basis. For now, am financially unstable and I don't want to commit myself to something which Am very much aware for now I cannot make it. Please try to reduce to the least amount which I can be able to commit myself. Thank you

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  • Lilian    Dec 11, 2020

    Halo lenders, I have spoken to mercy who is financially unstable but promised to reschedule her payment to Avery minimum amount until things will be well with her business

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  • Mercy    Nov 18, 2020

    Low income for now.

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  • Mercy    Oct 9, 2020

    My business was affected by the Covid 19

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  • Timothy    Oct 8, 2020

    Mugure said her business is not doing well.

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  • Timothy    Sep 8, 2020

    I called Mercy and she told me that she will adjust the loan installments and make the repayment. Although she disconnected the call before getting all the information from her.

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  • Mercy    Jul 13, 2020

    .

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  • Mercy    May 14, 2020

    Business is not doing well.

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  • Mercy    Mar 10, 2020

    Business is quite low at the moment.

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  • Mercy    Dec 31, 2019

    Business is very low

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  • Mercy    Oct 11, 2019

    Business is low

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    • Emma    Oct 16, 2019

      Thanks again for the update Mercy :-) Hope there's still plenty to keep you smiling, even while business is low :-)

      All the best with it all hun, thoughts are with you, Emma.

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  • Emma    Aug 18, 2019

    Hi Mercy :-) I just wanted to let you know if you needed to keep the lower repayment amount, that's completely fine as far as I'm concerned :-) Just let the zidisha team know, so they can adjust things again for you :-)

    Thanks again for always being so good at communicating how you're going... Its been appreciated :-)

    All the best with everything hun, hope things have been making you smile. Emma.

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    • Mercy    Aug 27, 2019

      Thanks so much, Emma for your concern, there's so much to work out for and am certain all will be well very soon.

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  • Mercy    Jul 16, 2019

    Business is low

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  • Mercy    Jan 23, 2019

    .

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  • Mercy    Nov 27, 2018

    .

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  • Mercy    Oct 25, 2018

    Will increase.

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  • Mercy    Sep 15, 2018

    Will increase.

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  • Mercy    Jul 26, 2018

    Catching up with some issues.

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    • Ekim Deniz Kurt    Aug 31, 2018

      Hi Mercy, it must certainly be tough for you now but if you can restructure your loan, I think you should go for it. I wouldn't want to see your repayment rate falling down to a level where people will have doubts loaning you money.You're brave and I'm hopeful and convinced you'll see thru these times.. All the best!!

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      • Mercy    Sep 1, 2018

        Hi Ekim, thanks for the encouragement, I have already restructured my payment plan and I hope that soon my business will pick up in the next two months or so. God bless you.

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