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
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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
Göteborg, Sweden
Austin, United States
Sacramento, United States
Amsterdam, Netherlands
Wausau, United States
Guernsey, United Kingdom
United States
Moscow, Russia
United Kingdom
Equador
Australia
United States
United States
United States
Netherlands
Brisbane, Australia
Germany
United States
United States
United States
Syracuse, NY, United States
Netherlands
Norway
United Kingdom
United States
United States
United States
United States
Brazil
Nigeria
United States
Pimpama. Queensland, Australia
Austria
United States
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
Summary
Amount repaid
$375.11
Amount remaining
$0.00
Date repaid
Sep 15, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 5, 2017 | $19.76 | Jul 5, 2017 | $19.76 |
| Jul 12, 2017 | $4.94 | Jul 11, 2017 | $4.94 |
| Jul 19, 2017 | $4.94 | Jul 11, 2017 | $4.94 |
| Jul 26, 2017 | $4.94 | Aug 2, 2017 | $4.94 |
| Aug 2, 2017 | $4.94 | Aug 2, 2017 | $4.94 |
| Aug 9, 2017 | $4.94 | Aug 2, 2017 | $4.94 |
| Aug 16, 2017 | $4.94 | Aug 2, 2017 | $4.94 |
| Aug 23, 2017 | $4.94 | Aug 29, 2017 | $4.94 |
| Aug 30, 2017 | $4.94 | Aug 29, 2017 | $4.94 |
| Sep 6, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Sep 13, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Sep 20, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Sep 27, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Oct 4, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Oct 11, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Oct 18, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Oct 25, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Nov 1, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Nov 8, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Nov 15, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Nov 22, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Nov 29, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Dec 6, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Dec 13, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Dec 20, 2017 | $4.94 | Sep 2, 2017 | $4.94 |
| Dec 27, 2017 | $49.39 | Sep 7, 2017 | $49.39 |
| Jan 3, 2018 | $49.39 | Sep 7, 2017 | $9.88 |
| Sep 15, 2017 | $39.51 | ||
| Jan 10, 2018 | $49.39 | Sep 15, 2017 | $49.39 |
| Jan 17, 2018 | $49.39 | Sep 15, 2017 | $49.39 |
| Jan 24, 2018 | $39.26 | Sep 15, 2017 | $39.26 |
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