Loan to support drug sores (chemical store)hop
Gideon
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Gideon
Member since
July 2016
On-time repayments
130 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
I sell both herbal and orthodox medicines. The loan will be used to purchase drugs to meet the request of my customers and the profit margin also help boosts living condition of the entire family. I sell the following types of drugs tablet, capsules, syrups, ointments, cotton wool, plasters, injections, etc. These drugs will help me to serve my community and provide medical assistance whenever someone suddenly takes illness and over the counter drugs are required.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$342.00
Date disbursed
Jun 3, 2018
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
United States
Summary
Amount repaid
$342.49
Amount remaining
$0.00
Date repaid
Mar 30, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 11, 2018 | $38.10 | Jun 9, 2018 | $38.10 |
| Jun 18, 2018 | $38.10 | Jun 16, 2018 | $38.10 |
| Jun 25, 2018 | $0.00 | ||
| Jul 2, 2018 | $0.00 | ||
| Jul 9, 2018 | $2.24 | Jun 25, 2018 | $2.24 |
| Jul 16, 2018 | $2.24 | Jun 25, 2018 | $2.24 |
| Jul 23, 2018 | $2.24 | Jun 25, 2018 | $2.24 |
| Jul 30, 2018 | $2.24 | Jun 25, 2018 | $2.24 |
| Aug 6, 2018 | $2.24 | Jun 25, 2018 | $2.24 |
| Aug 13, 2018 | $38.10 | Jun 25, 2018 | $26.90 |
| Jul 2, 2018 | $11.21 | ||
| Aug 20, 2018 | $35.86 | Jul 2, 2018 | $26.90 |
| Jul 9, 2018 | $2.24 | ||
| Jul 9, 2018 | $6.72 | ||
| Aug 27, 2018 | $0.00 | ||
| Sep 3, 2018 | $37.88 | Aug 30, 2018 | $37.88 |
| Sep 10, 2018 | $2.47 | Aug 30, 2018 | $2.47 |
| Sep 17, 2018 | $2.24 | Sep 28, 2018 | $2.24 |
| Sep 24, 2018 | $2.24 | Sep 28, 2018 | $2.24 |
| Oct 1, 2018 | $2.24 | Sep 28, 2018 | $2.24 |
| Oct 8, 2018 | $2.24 | Sep 28, 2018 | $2.24 |
| Oct 15, 2018 | $2.24 | Sep 28, 2018 | $2.24 |
| Oct 22, 2018 | $33.62 | Sep 28, 2018 | $33.62 |
| Oct 29, 2018 | $2.24 | Oct 29, 2018 | $2.24 |
| Nov 5, 2018 | $2.24 | Nov 5, 2018 | $2.24 |
| Nov 12, 2018 | $2.24 | Nov 15, 2018 | $2.24 |
| Nov 19, 2018 | $2.24 | Nov 20, 2018 | $2.24 |
| Nov 26, 2018 | $0.00 | ||
| Dec 3, 2018 | $0.00 | ||
| Dec 10, 2018 | $0.00 | ||
| Dec 17, 2018 | $0.00 | ||
| Dec 24, 2018 | $0.00 | ||
| Dec 31, 2018 | $0.00 | ||
| Jan 7, 2019 | $0.00 | ||
| Jan 14, 2019 | $1.12 | Jan 10, 2019 | $1.12 |
| Jan 21, 2019 | $1.12 | Jan 10, 2019 | $1.12 |
| Jan 28, 2019 | $1.12 | Jan 23, 2019 | $1.12 |
| Feb 4, 2019 | $1.12 | Jan 23, 2019 | $1.12 |
| Feb 11, 2019 | $1.12 | Jan 23, 2019 | $1.12 |
| Feb 18, 2019 | $5.60 | Jan 23, 2019 | $5.60 |
| Feb 25, 2019 | $1.12 | Feb 27, 2019 | $1.12 |
| Mar 4, 2019 | $1.12 | Feb 27, 2019 | $1.12 |
| Mar 11, 2019 | $1.12 | Feb 27, 2019 | $1.12 |
| Mar 18, 2019 | $1.12 | Feb 27, 2019 | $1.12 |
| Mar 25, 2019 | $1.12 | Feb 27, 2019 | $1.12 |
| Apr 1, 2019 | $38.10 | Mar 30, 2019 | $38.10 |
| Apr 8, 2019 | $32.05 | Mar 30, 2019 | $32.05 |
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