Loan to restock drug store (chemical shop)

Gideon Berchie

Kumasi, Ghana

20% repaid

Entrepreneur

Name

Gideon Berchie

Location

Kumasi, Ghana

On-time repayments

126 weekly installments  •  88%

About Me

My name is Gideon Berchie I am 35 years of age. I am from Kumasi in Ashanti region of Ghana. I started my basic school at Adum Preby Kumasi. I furthered my education from there to Tweneboa Kodua senior high school Kumawu, and proceeded to complete Sefwi Wiawso college of Education. I am the elderly among four children of my parents. My mother is petty trader, whereas my father operates a chemical shop (drug store) hence all my education cost was funded by my parent income earns from their business. After school, I engaged myself assist my father selling in the shop, where I had some experience in dispensing and selling drugs.

My Business

I took over after the death of my father and started to renovate the shop by cementing the shop floor, repairing the broken shelves, painting the shelves and the entire shop and also I bought a set of table and chair to help operate the shop. I couldn't buy many drugs as a beginner to restock the shop so I discussed with a TOBINCO, Pharmaceutical Company that owes a mobile van which supplies drugs to pharmacy and chemical shops on credit to offer me some drugs on credit. After working with them for some time . I realized that I am working for them without earning any profit because they give the drugs to me at high prices which were not helping me so I have stop taking drugs from them and currently managing with the little resources I have to stock the shop. The situation has created a problem since the shop serves as sources of livelihood for the entire family during and after the dead of my father and it is also affecting the community because the shop is the only chemical shop that helps the people in the area to access medicine to remedy sudden illness

Loan Proposal

The shop supplies the people of my community with drugs in times of sudden illness. The shop is the source of income for me and my family. I sell both herbal and orthodox medicines. The loan will be used to purchase drugs to meet the request of my customers. The drugs in tablets cost $70, capsules cost $30 and the syrups $100. The drugs will provide immediate medical support for people who have taken sudden ill health , I will use some of the profit to pay school fees for my siblings and also feed the family with it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$410.15

Date disbursed

Apr 9, 2019

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $15.38

Credit risk payment: $92.26

Lenders

A

Anninymouse

Southampton, United Kingdom

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

L

ldron7

Utah, United States

A

anonymous123

United States

athomas

Chevy Chase, United States

Sundstroms

Falun, Sweden

Cloudways

Malta, Malta

A

aiban

Austin, United States

U

UmSaeed

Southfield, United States

D

dweiner

Madison, United States

A

Andy

Berlin, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

W

wilma95

napa, United States

ibc123

Seattle, United States

E

E

Marin county, United States

D

dbuksh

United States

sderickson

Berkeley, CA, United States

chriseyre

Fremont, Ca, United States

Grant Xavier Storer

Seattle, Wa, United States

MW

Matt Willis

United States

W

Wade

United States

R

Rhys

Australia

G

Gabri

Austria

AH

ajay hampapur

United States

Aran Dunlop

United States

Callum Guy

Suffolk, United Kingdom

WS

Warren Shen

United States

MF

Mike Frawley

United States

BP

Bill Piper

United States

Paul Thompson

York, United Kingdom

WC

Walter Clarke

Phoenix, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

HB

Hugo Boss

United Kingdom

Masato

Utah, United States

J

Johanna

Zürich, Austria

PA

Peter A

New York City, United States

B

Ben

United States

R

RM

Australia

B

Bram

Germany

Nathan

Columbus, United States

E

eoghan

Switzerland

DL

Dion L

Vancouver, United States

G

Gregg

United States

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