Mark
Nairobi, Kenya
38% repaid
Name
Mark
Member since
February 2017
On-time repayments
24 installments • 75%
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.
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
I will use the loan to buy stocks for my business including facemask, faceshields, infrared thermometers, latex gloves and automatic Sanitizer Dispenser
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
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$144.00
Date disbursed
Oct 22, 2020
Repayment status
Late
Projected term
4 weeks
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