Entrepreneur
Name
Mercy
Member since
February 2015
On-time repayments
10 installments • 0%
About Me
I am Mercy chepkoech aged 23 years old I live in umoja one estate in Kericho County. I started my mutumba business in the year 2013.i stared it because I saw a high demand in mutumba cloths since the budget was lowered in our country. Mutumba cloths, anyone can acquire it at a very cheap price it does not matter whether someone is rich or poor. The bearings from my mutumba business I will use them to add more stock which am planning to go for them in Nairobi. I will also employ another party to assist me sell them since we shall be moving from one market to the other. I will save some to pay my bills and school fees for my younger sibling who is in class seven right now
My Business
I sell mutumba cloths at kericho town next to the main stage opposite stagematt supermarket. Kericho is a fast growing town hence there is high population leading to less creation of jobs. This leads to low standards of living amongst the people.so many people will prefer wearing mutumba cloths and shoes since all are relatively cheap. This business generates between USD 200 to USD 250 per month which I normally use to add stock to my business. I would like to eradicate the stiff competition by acquiring a zidisha loan which will help me increase my stock and open other stalls for my mutumba clothes
Loan Proposal
When my loan has been fully funded I will faithfully pay the loan so that I can get a higher amount from zidisha team and also encourage my business associates to join the group the profit from the business will pay the loan and save up for my business growth. I am optimistic that the business will grow and be a healthy one that will give birth to more branches in future .so let me take this chance to appeal to lenders to assist me make my dreams come true thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 9, 2015
Repayment status
Late
Projected term
2 months
Lenders
North Carolina, United States
Germany
United States
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