Purchase stock of face-masks & other P.P.E. to sell

Mark

Nairobi, Kenya

38% repaid

Entrepreneur

Name

Mark

Member since

February 2017

On-time repayments

24 installments  •  75%

About Me

My name is MARK VINGO ZAKAYO, a diploma graduate from Jomo Kenyatta University of Agriculture and technology with a diploma in information technology. having worked for 3 years at an It Firms from 2007 to 2010 I decided to quite and venture in to business. from 2010 I have been involved in three different types of business which two didn't succeed namely Printing and branding and government construction tenders. Then in January 2018 I met a friend of my from High school who introduced me the LABORATORY SUPPLIES. There after i registered a sole proprietor by the name VIZAK ENTERPRISES and the business started to grown from there.

My Business

VIZAK ENTERPRISES deals in supply of laboratory reagents, Laboratory test kits,hospital non pharmaceuticals, surgicals, hospital equipment and general hospital consumables supplies and i have been supplying this products to hospitals and medical clinics around Nairobi city and its environs and hospital cross the country for the last 2 years
.
As majority of you known the health sector is growing very fast and medical clinic, health centers and hospitals a being established almost every place to carter for the growing populations in the country, therefore my products are a must for every laboratory either in a hospital or operating on its own.
This basically one of the main reasons why i ventured into the business, the demand for laboratory items is very high yet the suppliers are very few due to the technicalities involved in the business.
also the business is a cost effective business, the only cost incurred in the business is the licenses which run for a year and which every business must have, an office from where the business operates from and a single employee for deliveries. the other expenses are basically personal.
the profit margin of the business are between 50% to 80% therefore very lucrative of

Loan Proposal

I will use the loan to buy stocks for my business including facemask, faceshields, infrared thermometers, latex gloves and automatic Sanitizer Dispenser

Income Source

I will sell the facemask, faceshields, infrared thermometers, latex gloves and automatic Sanitizer Dispenser to schools, churches and health centres across the country, this will enable me to earn profit and pay the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$144.00

Date disbursed

Oct 22, 2020

Repayment status

Late

Projected term

4 weeks

Lenders

jan73

Eugene, United States

Sirko

Brandenburg An Der Havel, Germany

rjb

Phnom Penh, Cambodia, United Kingdom

Fred

Germany

Elly

Woudrichem, United Kingdom

Wendy

Los Angeles, United States

GC

Gabriel Collins

United Kingdom

K

Katherine

United States

MM

Mac McKiva

United States

M

marjorie

Netherlands

Monte

United States

F

Fidel

United States

MF

Mary family

United States

JM

Josh morris

United States

C

Chino

United States

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