Am going to use the cash to buy more stock in my chemist especialy cough syrup and more antibiotics

Robert

Mombasa City, Kenya

100% repaid

Entrepreneur

Name

Robert

Member since

February 2014

On-time repayments

8 installments  •  88%

About Me

Am married with one child have done accounts at strathmore university, i live with my family in my house, have.worked as an accoutant for 5yrs then.i decided to venture into business
I started with rental houses then i opened
,a chemist, i intend to build more rental houses from proceeds of my busimess because it has less risk and always appreciate in value, my wife has a barber shop where she collects 1000 every day after days expenses monthly rent plus powet bill is 12000 so she makes 18000 per month.
i still have space in the compound where have built rental which in future hope.to countinue with construction, i have build four rental apartment i live in one and the.rest three rented out at.ksh 20000 per month.

My Business

I have house for rental with an income of ksh 60,000 and also the house has a title deedwhich can be used for security, value of the house is 10million and i have a chemist with monthly turnover of 240000ksh after expenses i get 50000ksh,i want to.oncrease my stock at the shop, chemist business is good because everyday people become sick and also the profit margin is good sometime we sell.double the.price we bought the stock
with rental houses one will also not go wrong because the housing unita available does not satisfy the demand, so everyday people are looking for houses

Loan Proposal

am going to buy more cough syrup because of the current weather in my country we have alot of people suffering from chest infection thus this requires i stock more cough syrup so as i may be able to meet the demand .
cough syrup goes along with antibiotics,.this because more chest infection are due to infection which cause one to cough.
thus cough syrup alone will not help so the need of antibiotics.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Mar 7, 2014

Repayment status

On Time

Projected term

5 weeks

Other loans

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investor

Candiac, Canada

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PlutusNOR

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bopsquod

Seattle, Wa, United States

N

NicolaG

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C

cranejoad

cazenovia, United States

T

thebonseung

Republic of Korea

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