Otc medicine shop

Joseph Love

Wamfie, Ghana

33% repaid

Entrepreneur

Name

Joseph Love

Member since

February 2018

On-time repayments

54 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

When I receive this loan it will be used to furnish my shop. I need a counter at the shop that would aid me in serving my customers. Some drugs would be displayed in its glass and on the it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$51.00

Date disbursed

May 10, 2018

Repayment status

Late

Projected term

11 months

Lenders

CN

Craig Newmark

United States

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