Loan to expand my pharmacy

Christopher

Sabuli, Ghana

100% repaid

Entrepreneur

Name

Christopher

Member since

July 2016

On-time repayments

45 installments  •  78%

About Me

My name is christopher malodji. i am from sabuli. .I had both my primary and secondary education in sabuli and then later furthered my education to read Pharmacy where i now work and practice as a Pharmacy Technologies.
Haven't worked in both private and Gov hospitals, i realized i had this great business idea which i decided to put to practice.
To be frank, putting up my own business wasn't on a silver-platter but all-in-all , i am grateful for how far God has brought me.
I must say that, the difficulties i went through along the line motivated me to push through harder to achieve this goal. One faithful day, i went into the market to make some inquiries about the cosmetic business and i was pleased at what i gathered, I then drew a business plan for my business right away!
I started my Cosmetic business through savings from my monthly salary though it wasn't enough but i still managed to save to make my dreams come through so that in the near future i can support my kids to make their dreams come through as well. Some of them want to be Doctors, Pharmacists and Lawyers and so have to work extra harder to give them the best of education they need.
I enjoy reading, watching football and playing volleyball at my leisure time

Should my request be approved, i will use it to expand my shop by purchasing more of Home care, Personal care , Nutritional products and provisional items.
$100 will be used for Personal care products whiles the remaining $50 will be used for Nutritional products and as i trade along, i should be able to generate some cash to purchase more of Home care products as well.
This will be beneficial to me and my clients because more products will be added to my shop not only to fill or beautify it but also to attract both new and existing customers and also meet their needs.
Supping in higher quantities increases revenue and when supply met demands revenue increases and when that happen, profit margin rises.
On this note, i should expect my profit margin to go up from 50% to 80% respectfully.
Thank you

My Business

the name is of my business is GOD IS HEALER PHARMACY.I operate this shop which has three categories namely, Home care, personal care and nutritional products. These products are of higher demand and are been used by all class of people on daily bases. I chose this kind of business because all three categories of products are all needed in our daily lives be it our skin, health and as well as our homes. There is a saying that "Health is wealth" and by living healthy or taking good care of your body, you will save more money.
My income source is from my monthly salary and also little support from family.
I have always wanted to go big with my business as in doing both retail, wholesale and even going into Pharmacieuticals but my funds are not enough. I hereby wish to solicit funds from Zidisha team to enable me expand my cosmetic business as well as make plans for my second business which is Pharmacieuticals.
I strongly believe with your support and with my own efforts, my dreams will come true.
I promise to pay back my loan with my daily sales i make from my shop and any day i am not able to meet my daily target, i will repay with my monthly income to seal my weekly deal.
On a good day I make $100 to $200 and with that I make my expenditure out of it and other purchases.
We all know that services like home care, personal care and nutritional products are higher in demand and are day-to-day needs and beneficial to all class of people.
I choose this particular business because its very beneficial and useful to consumers as it will enhance their beauty, halt

Loan Proposal

l therefore plead with my dear lenders to kindly loan me with an amount of $150 to buy more stocks for my shop.this will benefit me and my area. in my area that is the only shop in the area. so people buy more things. i expect my business to increase up to $100 to $110

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$60.00

Date disbursed

Aug 5, 2016

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Humble Bundle Community

San Francisco, United States

Ask Christopher a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...