Otc medicine shop

Joseph Love Sakyi Mensah

Wamfie, Ghana

100% repaid

Entrepreneur

Name

Joseph Love Sakyi Mensah

Location

Wamfie, Ghana

On-time repayments

54 weekly installments  •  11%

About Me

I'm a guy of 28 who has a first degree in Economics. Due to the condition of our economy I have now turned to selling Over-The_Counter medicine. I've, through education, lived in communities with different cultural setting. That, I lived in Tamale for Senior High education, at this end, I learnt how the people of the North, even though in the city value tradition and celebrate the Fire Festival and love to help one another out of trouble. Growing up, at certain points, I nearly left school to join my peers who enjoyed everything but school. I really had to discipline myself to go through my primary education. In a community where they spoke a different language from my mother tongue, at Senior High, life after the classroom wasn't easy but I diligently learnt the language and after a year I could find my way around in the life-after-class. All this aside, financially I had to struggle through since my father's income was enough to take care of all the kids satisfactorily.

My Business

I'm into the sale of Class C drugs. This business is prudent in my community because most of the people around do manual and almost always demand drugs that can get them going the next day. Sales from the shop would be used in the loan repayment. The typical costs at the shop are the utility bill, house keeping and salary for the shop attendant. The typical revenue outweighs the cost to a very large margin. All the profit gained from the business are reinvested in the the business. I'm looking at a future of turning the shop into a pharmacy so that I can sell wider range of drugs while serving a wider range of people and a wholesale so that other shop would be supplied by my shop.

Loan Proposal

The loan when funded will be used to buy this items
Haemoglobin $20.18 per corton
Tres orix $10.00 per bottle
Ferofix $70.00 per corton
When I'm able to get these items, it will help serve most customers who now ask for blood tonic.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$51.33

Date disbursed

Apr 5, 2018

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: 5% of $51.33 = $1.83

Credit risk payment: $3.66

Lenders

DeanDropshot

Oslo, Norway

M

matts

New York, United States

L

loistf

Madrid, Spain

Hype1

Ashburn VA, United States

Bhayl

Stavanger, Norway

C

Caalve

Bratislava, Slovakia

Evan Lamos

Brussels, Belgium

Dutchguy

Nijmegen, Netherlands

bb4dogs

United States

D

Desteli

United States

adrianz

United States

S

Stephan

Netherlands

Dave Bogard

New York, United States

A

Andreas

Munich, Germany

Haroldo Ramthun Junior

Pomerode - Santa Catarina - Brazil, Brazil

RW

Ron Wilde

Alaska, United States

Paola M

United States

MH

Matt Harris

United States

Cameron Graham

Nashville, TN, United States

NH

N Holt

United States

ME

Manaal Eisa

Washington DC, United States

D

David

Chicago, United States

YK

Yonghwan Kim

Republic of Korea

NG

Nathan Grey

United States

Paul Buchheit

Mountain View, United States

Cari Donaldson

United States

M

Massiel

United States

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