Loan for expansion of phamarceutical shop

Timothy Mbaka

Nyamira, Kenya

100% repaid

Entrepreneur

Name

Timothy Mbaka

Member since

January 2015

On-time repayments

191 installments  •  90%

About Me

Hallo lenders,my name is Timothy mbaka a kenyan businessman.I run a pharmacy in nyamira county in kenya.I thank zidisha for their continous support for my business.i look forward to the incoming loan so as I can add my stocks which am sure it will increase my profits.This can assist in paying fees for my kids and I can start building a decent house.thank u lenders and Zidisha!

My Business

I run a drug pharmacy and vet shop.I really thank zidisha for their constant support that has made my business grow by leaps.looking forward for the new year.I intend to input the incoming loan to purchase more stocks for my pharmacy and Agrovet.By doing so I believe my profits will double and better my life.The proceeds will go to my kids school fees and to start building a decent house.As a whole zidisha has really improved my living standards and that of my family.i encourage the youth in kenya and africa as whole to join zidisha due to flexibility in payments and understanding nature.God bless the lenders and Zidisha as an organisation!

Loan Proposal

I need a loan to finance my pharmaceutical shop in which I am trying to expand into a twin shop. I currently have an independent and stable pharmacy shop and it is my plan to open an agrovet which shall deal in agro-vet supplies. I have been able to sell animal medicine in the past but that was on a very small scale to determine the market. I am finally very confident of the market and would wish to gradually build the business up to serve more people and increase my gains as well. I am projecting a profit of at least 100 USD daily in the future but as for now, I do with 50 USD. The whole project may require up to 1 million Ksh (10,000 USD) however I have decided to finance it in steps according to my earnings. I will appreciate a lot your help.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,349.78

Date disbursed

Jan 30, 2017

Repayment status

On Time

Projected term

15 months

Cost to entrepreneur

Service fee: $55.64

Lenders

W

Witlof

Tsukuba, Japan

SKWAW

SHANTY BAY, ONTARIO, Canada

Bobrm2k3

Charleston, United States

Paul Buchheit

Mountain View, United States

BuckeyeBob

Ohio, United States

PG

Paul Graham

United States

Akirahugo

Dortmund, Germany

roark22

Geneva, Switzerland

Mary

Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

France

David Nash

Sydney, Australia, Australia

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Sura Hasira

Worldover, Norway

BB

Brad Brunz

United States

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