Purchasing of stocks

Mark

Nairobi, Kenya

100% 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

the loan will be used to buy stool/urine containers which i sell every week to my clients, the containers cost ksh 12 each.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Mar 3, 2020

Repayment status

On Time

Projected term

2 weeks

Lenders

Ask Mark a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...