Joseph Love Sakyi Mensah
54 weekly installments • 11%
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.
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.
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.
Apr 5, 2018
Cost to entrepreneur
Service fee: 5% of $51.33 = $1.83
Credit risk payment: $3.66