Loan to buy stock of painkillers

Mercy Wambui

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Mercy Wambui

Member since

September 2014

On-time repayments

271 installments  •  23%

About Me

My name is Mercy Wambui. I was born in Muranga county I went attended my primary and secondary school there and later migrated to Mombasa where I went to live with a relative. I come from a family of 6 and I am the first born. My mother is a single parents and she raised us single handedly through doing menial jobs. i got employed as a house help for two years and later decided to start my own business from my savings.

I am a single mother of three children - two boys and a girl abed between 10 - 16 years and they are all in school. i am a hardworking person and this has enabled me raise my family in spite of many odds that I face as a single parent.

My Business

I currently deal with supplying 'over the counter' medicines to shops around Mombasa and the surrounding areas.My main area of specialty is painkillers which move very fast in this densely populated area. I buy them from big stores in cartons and then sell them in dozens in retail outlets.

This is one area that many people have not ventured and the business is quite profitable. I am able to make a net profit of $250 per month and I hoping to expand my business further and I am optimistic that my sales will rise further.

In spite of the relative success that I have made in my business, I do encounter challenges - key among them, slow business growth due to lack of finances. Being a sole bread winner, there are many competing needs for the profit I make and I only spare a small amount of money for business expansion. Given credit from Zidisha, I will be able to step up my growth curve within a short time.

Loan Proposal

With this money, I will buy 2 cartons of painkillers. I will buy Panadol (this is the most popular painkiller in Kenya and it is paracetemol based) and Panadol extra.
These two will cost $45 and $50 respectively. I will be able to supply these medicines to retailers within a few weeks and make some good profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 2, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $100.16 at 5.96% annual rate over 4 months = $2.33

Service fee: $1.44

Lenders

H

howard

Vence, France

TyrynyRed

United States

J

Joggele

Austria, Austria

P

Prometheus

Duisburg, Germany

CC

Catherine CatDesignz

Halifax, United Kingdom

Thomas

Basel, Switzerland

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