A loan to boost my alternative medicines inventory

Patrick

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Patrick

Member since

September 2014

On-time repayments

55 installments  •  42%

About Me

My name is Patrick Gatheru. I was born in Nakuru County of the Rift Valley region of Kenya. I was born in a large family of 11 where I am the eighth born. I have a family of my own where I am married with one wife and four children.

I was raised by my parents in Nakuru where they eked a living as peasant farmers. It was a hard life and they struggled a lot to put food on the table and to take us to school. I did my primary and secondary education and later enrolled for a course in alternative medicine.

I later relocated to Mombasa where I started my own business of selling herbal products and that is what I am still doing to date. I am a social person and I always like to make new friends which I find very essential in my business.

My Business

The medicines are used to cure and control many conditions such as asthma, common cold, mouth ulcers, typhoid, malaria and many tropical diseases. The raw materials are normally obtained from local vegetation and they are quite easy to get. They include nettles, aloe vera, garlic, ginger etc.

I sell most of my products in syrup and crystal form. My dream is to package them into tablet form in future. Through this business, I manage to get a modest profit of about $250 after all expenses that include paying my two assistants.

Loan Proposal

If given this money, I will spend it to buy more raw materials and packaging materials for my products. The raw materials will cost me about $60 and I will use the balance to buy tamper proof bottles that are recommended by the government for sale of human medicines.

This will go a long in giving my business the much needed boost and enable me to expand my horizons. This will mean more sales and more profit for my business and ultimately secure the future of my young family.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Nov 19, 2014

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

investor

Candiac, Canada

ads68

Melbourne, Australia

A

azmisman

Lakeside,AZ / Albuquerque, United States

HeatherRobertson

Milwaukee, United States

Matching Fund

Sterling, United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

B

Bernhard

Baden - Baden, Germany

TR

Tom Roucoux

Studham, Bedfordshire, United Kingdom

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