Entrepreneur
Name
Alex
Member since
May 2015
On-time repayments
231 installments • 63%
About Me
I was brought up in an poor family. My dad was a bicycle repairer before he quit to do small scale farming. My mum did small chores in homes to provide for for us. I went to a primary school in our village and proceeded to a high school where I raised pigs to pay my school fees up to college where I finally graduated with a Bsc in Medical Sciences. Life has challenges that makes us creative and being innovative at times guarantees our survival and success in this competitive world.
My Business
there was a gap in my area of residence and I thought it wise to bridge it. There was no independent medical diagnostic laboratory around and I saw the need of starting one. My clients are referred from the small clinics around that do not have labs. There are also clients who come for laboratory tests to determine their causes of ailments before taking any medication. This has also reduced drug abuse. My costs are mainly in purchasing of laboratory consumables like rapid diagnostic kits and reagents. I re-invest my revenue in boosting the stock of consumables. I am single but lives with my niece who aspires to be medical doctor when she grows up and the business helps me in paying her school fees. I love reading financial and motivational books during my free time. I am currently reading the Richest Man in Babylon I will reinvest the profits back to the business to grow and do savings to enable me pay up the fee balance in college and get my certificates
Loan Proposal
Running a laboratory means generating quality results that can be relied on by the clinicians and doctors. To achieve this, there is an essential need of using quality reagents that are viable and their shelf life enhanced as the manufacturer's instructions. With this regard, I need to buy a refrigerator to enable me to store the reagents that needs to be refrigerated in their ideal temperatures. The refrigerator will cost me $190. Having a refrigerator will be of benefit not only to me but also to the clinicials who relies on the lab results for their diagnosis. With the reagents in their good conditions, the profit margin will increase by around $6-$10 a day, when there is good flow of patients
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$197.00
Date disbursed
Jul 30, 2015
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
I want my "My loans" page back, Qatar
United States
United States
Missouri, United States
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