Purchase of stock of medicine for my chemist

Douglas Nyakina

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Douglas Nyakina

Member since

January 2015

On-time repayments

155 installments  •  13%

About Me

I was born in nairobi city in kenya.went though my primary and high school still in nairobi city,passed my exams and jouined a medicine college to pursue medicine.I was through with it and from the help of my parents was able to start a small chemist where i wld sell medicine to the surrounding community at affordable prices.I always overcame hardships due to the great hope I had for the future and believing in myself.i love helping children and sometimes give free medication to the poor ones in my community.I love traveling and singing

My Business

i sell medicine which would be in liquid or tablet form.I also sell laboratory equipments e.g syringes.i also provide. basic laboratory services .I chose this business because I love helping people and seeing them healthy.I also love children and helping them.Now and then people seek medical attention and thus making this business to be in demand.my typical costs per month are $890 per month and I make a profit of averagely $ 225.I use the profit to carter for my bills and I also use it toi help the needy children.

Loan Proposal

If my loan is funded I will use it to buy more stock for my chemist which will increase my profit by at least 30% which will ensure improved living standards and savings for future expansion and further support for needy children.I hope my loan will be funded.thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 20, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $100.16 at 5.35% annual rate over 1 month = $0.69

Service fee: $0.48

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