Expanding my diagnostic laboratory to an outpatient clinic

Alex Odhiambo

Ambira, Kenya

24% repaid

Entrepreneur

Name

Alex Odhiambo

Member since

May 2015

On-time repayments

231 installments  •  63%

About Me

I was brought up in an poor family. My dad was a bicycle repairer before he quit to do small scale farming. My mum did small chores in homes to provide for for us. I went to a primary school in our village and proceeded to a high school where I raised pigs to pay my school fees up to college where I finally graduated with a Bsc in Medical Sciences. Life has challenges that makes us creative and being innovative at times guarantees our survival and success in this competitive world.

My Business

there was a gap in my area of residence and I thought it wise to bridge it. There was no independent medical diagnostic laboratory around and I saw the need of starting one. My clients are referred from the small clinics around that do not have labs. There are also clients who come for laboratory tests to determine their causes of ailments before taking any medication. This has also reduced drug abuse. My costs are mainly in purchasing of laboratory consumables like rapid diagnostic kits and reagents. I re-invest my revenue in boosting the stock of consumables. I am single but lives with my niece who aspires to be medical doctor when she grows up and the business helps me in paying her school fees. I love reading financial and motivational books during my free time. I am currently reading the Richest Man in Babylon I will reinvest the profits back to the business to grow and do savings to enable me pay up the fee balance in college and get my certificates

Loan Proposal

One opportunity leads to the other. Just when I thought I will only stick to offering laboratory services only, another way opens. My town is growing and as healthcare is also core to its growth, the people need quality affordable services. In just one year that I have operated my laboratory, there has been an increasing need of filling the gap and by providing quality and affordable healthcare services.
The loan will facilitate the expansion of my laboratory to a fully functional outpatient clinic. I have gotten a business house and paid six months rent. Partioning works is on. I therefore need the loan for completion and to buy a few equipments to start off.
Below is how I will spend the money;
Examination couch-$130
Autoclave-$260
Blood pressure machine-$72
Simple weighing scale-$45
Thermometer-$15
Stethoscope-$50
Few essential drugs-$100
I have gotten a clinical officer to work in the examination/consultation room as I will be in the laboratory. This will give me a chance to offer a job opportunity to the clinician. My profit margin will increase by $10-$20 daily depending on the in flow of patients

Feedback

5

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Loan Info

Project Type

Classic Loan

Disbursed amount

$703.01

Date disbursed

Mar 3, 2016

Repayment status

Late

Projected term

64 months

Cost to entrepreneur

Service fee: $29.10

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

MindMuse

Talking Rock, United States

B

blahblah

Nuernberg, Germany

A

amyor2

Caloundra, Australia

A

Andy

Berlin, United States

F

flaguy999

Tampa, United States

Freewolf

Salt Lake City, United States

D

DanielW

United States

sderickson

Berkeley, CA, United States

M

Mullagh

United Kingdom

Flipmore

Vancouver, Canada

mepster

San Francisco, Ca, United States

Laparo

Dusseldorf, Germany

J

Joggele

Austria, Austria

Haim Si

Mexico, Mexico

Alberto Cereser

Copenhagen, Denmark

T

TZ

Singapore, Singapore

Family Mueller

Petershagen, Germany

Robert

Sweden

MW

Matt Willis

United States

Urszula

United Kingdom

A

Adam

United Kingdom

I

isaac

United Kingdom

AJ

United States

johannes

Taipei, Taiwan

S

Sally

Australia

RR

Rory Rohloff

United States

Andrea

Rome, Italy

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