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 take this opportunity to thank lenders who have been supportive of my vision, of availing quality and affordable essential medication to Migosi Community. I am very greatful even to those who wanted to bid for my first two loans but missed the opportunity due to short time which my loans took to be funded fully. I know in this my third application; you will get an opportunity to show your support.
I will use USD 450 of this loan to restock my Pharmacy especially on malaria drugs. The short rains have contributed to many breading grounds in the neighborhood. From my latest picture, you can see the small footbridge leading to my chemist. Below it is an open sewer passing through the estate which is a high breeding ground for mosquitoes… For now, majorly 60% of my sales are on anti-malarial drugs.
I will also use part of the loan, USD 225 to install a computerized point of sales. This will enable us control the stock and order for restocking on time before we ran out of essential drugs and as part requirement as we plan to make Dawalane Chemist be part of PharmaNet, a network of trusted Chemists operated by professionals.
Worthy lenders, we can do this today and go into the midweek dispensing these essential drugs and saving lives. OUR GOAL IS TO SAVE LIVES.
Feedback
Positive
7
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$683.00
Date disbursed
Oct 7, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
I want my "My loans" page back, Qatar
Republic of Korea
United States
Ask Peter a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...