Mercy Kamau. 2/22.

It's only fair to share...Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Email this to someone
email

Business: Retail/Wholesale Shop & MPESA Agency.
Location:
Molo Town.
Years in Operation:
13 Years.
Amount needed:
$450.

Mercy Kamau is a very content Moto Hope Capital client. Having received her first loan four years ago, Mercy says she is not about to look elsewhere. Prior to engaging MHC, she was very reluctant in borrowing to boost her business. Thanks to the expensive loans she had acquired from banks and other financial institutions in the past. Moto Hope Capital’s first loan of $200 changed her perspective on business borrowing.

The owner of a retail/wholesale shop in Molo’s busy main taxi/Public service vehicles terminus is encouraged by how fast her business has scaled since engaging MHC. The shop hasn’t always traded wholesale. In the beginning, it was just a retail shop. Her customer base mainly comprised of travelers waiting to board or alight from the vehicles at the terminus. She also sold to other traders in the nearby market. Thanks to her sociable nature and focus on customer experience, she has been able to retain her customers and win some more through referrals.

Moto Hope’s funding of $200, $300, and  $350 enabled Mercy to stock larger quantities of the fast-moving goods that her customers demand. She went into the wholesale business which has thus far proved quite profitable.  She earns higher profits thanks to the good prices she enjoys while buying in bulk. Many of her customers now buy in larger quantities just because she has larger stock and can meet all their demands. This has been a learning curve for her.

Mercy has set up a mobile money (Mpesa) agency in her shop. The new venture has proved as lucrative as she had hoped it would be. She is seeking a further $450 to boost the MPESA Agency’s float. This will enable her to meet the high demand that this mobile money business presents. She is more confident now and focused on taking bigger risks in the future for better and bigger rewards.

It's only fair to share...Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Email this to someone
email