Supply stakes to the factory

Mercy Cherotich

Litein, Kenya

100% repaid

Entrepreneur

Name

Mercy Cherotich

Location

Litein, Kenya

On-time repayments

330 weekly installments  •  79%

About Me

My name is Cherotich Mercy. I am the second born in a family of five. I grew up in a village called ndanai, bomet county. This is a village where young girls could be circumsised and get married at there younger age. I thank God for my mother who liked education alot and she used to talk to us about how life is all about. Life was so hard but i overcame it by being patient at all times. I cleared my secondary level and joinKabarak University where i persue Bachelor of Commerce, Accounting option. I like business alot and i started by selling shoes to my friends. After i cleared my degree i started supplying stakes to the tea factories at home. What i like about myself is that i dont give up even if the situations are unbearable. Am working hard so as to enable my children to live a better life and also to help needy and capable students in my village.

My Business

I supply stakes to kobel tea factory at bomet county. They are in high demand in the factory because the factory will never stop manufacturing tea leaves. i chose this kind of business because its probability to run at a loss is very low. Sometimes when there is alot of rain i spend more on transport costs but its not a big problem to me as such. Part of my profit goes to my church development, expand my business and help my siblings pay part of their school fees.

Loan Proposal

I will use the loan to buy stakes for the factory. Stakes are always needed in the factory so they are in high demand. Each stake will cost me $16.7 inclusive of expenses. The amount will buy up to 13.5 stakes which will give me a profit of $45 per trip. I try to supply one trip in a week. I will use the profit to expand my business and help the needy people in my village.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$228.76

Date disbursed

Mar 24, 2015

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $11.44

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