Food supplements, pharmaceuticals, and agro-chemicals

Ofori Mustapha

Techiman, Ghana

100% repaid

Entrepreneur

Name

Ofori Mustapha

Member since

November 2016

On-time repayments

270 installments  •  88%

About Me

I attended Techiman Ahmadiyya primary and completed middle school in 1989 and continue my education in the secondary level.Also completed in the year 1994 as ordinary level.Life became unbearable for me as i began selling food supplements and chemical drugs at a tender age of 10years when doing hawking from one market center to another selling to continue my education. On a particular occasion, i could not pay my school bills while selling in the market, council guards known as market securities chased me from the market preventing me to sell because i am child so am practicing child labor work instead of attending school for that particular period.
Through hardships as a mobile chemical drug dealer,i was thinking about how my community can get access to drug to solve their ailment or sickness and also to solve my children education.My people are peasant farmers and after the days work on farm,they need chemical drug to solve their problem for pain killers medicine.
Our culture is adowa dance and Fufu as our staple food. My hobbies are to serve my community well, hawking to sell,reading on instructions, browsing to get information, and swimming.

My Business

I sell different kind of chemical drug both mobile basis and counter selling. I also sell mobile phones and accessories in addition to my normal business. The revenue i generated is very huge and lucrative if given the loan to enable me purchase more goods.My daily sales is between Ghs 1,700 and Ghs 1,800 a day during market days. I normally purchased my products or goods from capital towns such as Accra and Kumasi because the price is moderate in big towns as compare to small towns. The profit will be used to purchase in large quantities as reinvestment and to foot my children school fees as well.

Loan Proposal

I will use the loan to buy items such as agro-chemicals,additional food supplements and chemical drugs at expenses of 232,660 dollars.
The breakdown of the above expenses is as follows:
A) Agro-chemicals.
1.Fertilizers=1,000 bags=50,000 dollars.
2.Ammonium=1,100 bags=31,370 dollars.
3.Spraying machine=40 =21,770 dollars
4.Weedicide=150 cartons=11,280 dollars.
5.DDT =100 cartons=6,000 dollars.

B).Additional food supplements.
1.Kiddi C/24=25 boxes = 15,000 dollars.
2.C/24 supplements adults=25 boxes=30,000 dollars
3.Complete capsules=15 boxes=16,000 dollars.

C).Chemical drugs.
1.Gebedol for pain= 3 cartons =12,200 dollars.
2.Bruffen tablets=5cartons=10,230 dollars.
3.Paracetamol syrups=3 cartons=5,000 dollars.
4.Paracetamol tablets=7 boxes =7,550 dollars.
5.Malaria tablets(adults)=10boxes =8,560 dollars.
6.malaria kids (syrups)=10 boxes=7,700 dollars.

It will go a long way to benefit me and my community by helping those farming community around me and my people to get access to all these facility in order not to go far cities and towns to struggle but rather get them from my store directly to ease cost of transportation risk and misplacing their monies when they got to cities.
This time am going to increase much profits weekly when given for at least 90% gain or earn more and I lift the image of my store and not let my lenders and customers down.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$652.00

Date disbursed

Sep 27, 2018

Repayment status

On Time

Projected term

35 months

Lenders

Paul Buchheit

Mountain View, United States

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