Supply of medicines for my pharmacy

Peter

Kisumu City, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

April 2014

On-time repayments

73 installments • 68%

About Me

I am Peter Owino Okech, born in 1977 in Bondo District of Siaya Couty-Kenya.
I am married, with 3 children and we live a Migosi in Kisumu City.
I am a Pharmacist by profession and currently running dawalane enterprises.
I attended Kenya Medical Training College for my diploma and higher diploma in pharmacy, I then proceeded to Mount Kenya University for my undergraduate studies in Pharmacy.
Due to lack of employment I ventured into private practice in the year 2012 with my personal savings and family loan from my elder brothers.
Wit the initial capital, I was able to rent a place in Kisumu and bought few drugs for a startup.
Currently, I am employing 2 assistants helping me with dispensing of drugs and purchase of drugs.
I have been able to use the proceeds to educate my children, provide them an avarage living and paying fee for my wife.
I am also supporting my mother back at home.
With the loans from Zidisha, I will be able to expand on the varieties of the drugs to serve the community effectively in an effort to reduce the disease burden.

My Business

I already have a running pharmacy, with stock valued at usd 3000.
My sales per week is about usd 1500. We do weekly purchases with the proceeds. Out of he sales, I make a profit of about usd 200 weekly, which goes to support my family, by paying rent, school fees, buying food and providing other family basic needs. I am able to make some savings of between USD 30-50 per week, which will enable me to repay the loan in time and effectively.
The demand for varieties of drugs is so high and at Car Wash Junction, people like my shop because of the professional services that I provide.
With the loan, I will be able to stock other varieties which sometimes, I refer my customers to buy from other shops. Being that their first stop is at Dawalane Chemists, they always get disappointed when referred to other shops.
The bigger risk is about lacking variety and being a tenant; and when the business grow, I would love to own a place to avoid being kicked out, due to jealousy for my thriving business.

Loan Proposal

I would want to thank lenders and those who missed opportunity in my previous loan for their trust. Have overcome the mishaps that occurred in the last loan, now the long rains are with us again in this swampy community and the burden of malaria and schistosomiasis is back with us . If i get this funding i would want to spend USD 350 on first -line Artemether/ Lumefantrine drugs ,USD 15 on Praziquantel drugs and the balance on common Antibiotics . The benefit on this will be to reduce the disease burden in the community and accrued profit is to be used in paying fees for my 10 years old boy in primary school ,salaries for the staff members and family up-keep.
The anticipated profit from this investment is estimated to be USD138. Hope my vision to avail quality medical care will receive support with Lenders to fast-track this. I look forward for partnership on this .