Entrepreneur
Name
Mercy
Member since
March 2017
On-time repayments
76 installments • 100%
About Me
I am the first born in a family of five. I have worked before for 7 years as a teacher of ICT and Computer Studies. I realized that what I was doing did not give me room for self employment and i have always had a passion for graphic design. I enrolled for a design course and went ahead to get 1 year industrial experience as a Junior Graphic Designer in a design firm.
While growing up I worked in the family business (bookshop) during school holidays. Therefore getting into business almost came naturally for me. In 2014 I opened a stationery shop and did graphic design on the side. I used gratuity that I got from my job as a teacher. It was $1500 that I used as my capital.
I am a gifted cook in most meals, but I choose to call myself a chapati specialist. I also have a liking for fashion and much of what I wear is thrifted but upcycled and repurposed to fit varied styles I would want to have. In my judgement one outfit should give me at least 5 ways of styling it.
My Business
I run a stationery shop (school, office and personalized. I moved to a bigger office space and I have diversified and included bottled juices, water and milk in a partition of the business. I also run an MPESA within the stationery business. I have of late added Equity and Co-operative Bank Agency banking.
The goods I sell are always in season but the peak is usually when schools are in season which is 9 months in a year.
I chose selling stationery because the goods do not face the challenge of revision as textbooks which make one end with dead stock. Juices, milk and water was to meet the demand of customers who wanted alternative to sodas which are the popular soft drinks. The MPESA provided an 'easy' investment with capability to fit in the same premise without constrain in space.
The costs I incur in running the business is rent, salary, watchman fees and electricity bills. This comes to Kshs. 19700 per month. Though there are also annual fees of licence and accountant fees.
The profits I get I reinvest in the business and a little I set aside for personal development like currently I am working on building my own house.
If I get a loan it will enable me to have enough stock to meet my customer demands especially during the peak period when the supply from suppliers is usually stretched. With enough stock I can also gain from bulk purchasing and start offering sales at a wholesale too.
Loan Proposal
I will use the loan that I am requesting now to stock up on spring files - 2 cartons $50, bic pens - 2 cartons $240, hymn books - 1 carton $126, prayer books - 1 carton $50, Bibles - 1 carton $210. The books are a new introduction to the business and this loan will go a long way in enabling me to introduce them to my business. This means that I will have another stream of income from the books and my customers will also get something extra to minimize their walking around during school shopping.
I expect to make a profit of $300.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$658.00
Date disbursed
Jan 5, 2018
Repayment status
On Time
Projected term
6 months
Lenders
Stockholm, Sweden
Jeruslem, Israel
United States
United States
United States
Germany
Canada
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Summary
Amount repaid
$658.65
Amount remaining
$0.00
Date repaid
Apr 13, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 12, 2018 | $24.64 | Jan 12, 2018 | $24.64 |
| Jan 19, 2018 | $24.64 | Jan 19, 2018 | $24.64 |
| Jan 26, 2018 | $24.64 | Jan 26, 2018 | $24.64 |
| Feb 2, 2018 | $24.64 | Feb 2, 2018 | $24.64 |
| Feb 9, 2018 | $24.64 | Feb 2, 2018 | $4.93 |
| Feb 9, 2018 | $19.71 | ||
| Feb 16, 2018 | $24.64 | Feb 9, 2018 | $9.85 |
| Feb 17, 2018 | $14.78 | ||
| Feb 23, 2018 | $24.64 | Feb 17, 2018 | $14.78 |
| Feb 23, 2018 | $9.85 | ||
| Mar 2, 2018 | $24.64 | Feb 23, 2018 | $19.71 |
| Mar 2, 2018 | $4.93 | ||
| Mar 9, 2018 | $24.64 | Mar 2, 2018 | $24.64 |
| Mar 16, 2018 | $24.64 | Mar 3, 2018 | $24.64 |
| Mar 23, 2018 | $24.64 | Mar 3, 2018 | $16.75 |
| Mar 9, 2018 | $7.88 | ||
| Mar 30, 2018 | $24.64 | Mar 9, 2018 | $21.68 |
| Mar 16, 2018 | $2.96 | ||
| Apr 6, 2018 | $24.64 | Mar 16, 2018 | $24.64 |
| Apr 13, 2018 | $24.64 | Mar 16, 2018 | $1.97 |
| Mar 23, 2018 | $22.66 | ||
| Apr 20, 2018 | $24.64 | Mar 23, 2018 | $6.90 |
| Mar 29, 2018 | $17.74 | ||
| Apr 27, 2018 | $24.64 | Mar 29, 2018 | $24.64 |
| May 4, 2018 | $24.64 | Mar 29, 2018 | $24.64 |
| May 11, 2018 | $24.64 | Mar 29, 2018 | $24.64 |
| May 18, 2018 | $24.64 | Mar 29, 2018 | $24.64 |
| May 25, 2018 | $24.64 | Mar 29, 2018 | $24.64 |
| Jun 1, 2018 | $24.64 | Mar 29, 2018 | $18.72 |
| Mar 30, 2018 | $5.91 | ||
| Jun 8, 2018 | $24.64 | Mar 30, 2018 | $23.65 |
| Apr 2, 2018 | $0.99 | ||
| Jun 15, 2018 | $24.64 | Apr 2, 2018 | $24.64 |
| Jun 22, 2018 | $24.64 | Apr 2, 2018 | $15.77 |
| Apr 7, 2018 | $8.87 | ||
| Jun 29, 2018 | $24.64 | Apr 7, 2018 | $20.69 |
| Apr 13, 2018 | $3.94 | ||
| Jul 6, 2018 | $24.64 | Apr 13, 2018 | $24.64 |
| Jul 13, 2018 | $18.12 | Apr 13, 2018 | $18.12 |
guenter Dec 14, 2019
Angi Apr 15, 2018
Mercy Jun 27, 2018
David Apr 15, 2018
Mercy Jun 27, 2018
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