Name
Julius
Member since
January 2014
On-time repayments
30 installments • 17%
My
name is Julius Moturi aged 44 and i run a pharmaceutical business in
Nairobi. I have been running this business for over 15 years now. This
is the type of business that is in my blood and i do it with a lot of
passion. I am a family man with two lovely children and a beautiful
wife.
This business has helped all along in educating my children, provision
of shelter and other basics.I started this business because that is
what i have known all along and its easy to access clients as and when
appropriate.I purchase drugs with the earnings that i get.
My
business revolves around sourcing and supplying of drugs.After the
purchase of this drugs, there is a two way dimension to it. One, i loo
for orders and secondly, i wholesale the drugs. This business has
already existing clients and i have developed a business network that
has also made it possible for me to continue running this business.The
income i get from this business ranges from Kshs. 50,000 per month that
is after all deductions. There is demand for this business especially in
health centers, private hospitals and government hospitals.Competition
has not been very hostile but there are always challenges especially
inadequate funds to supply more when the demand is so high.I will
definitely use the loan to purchase the drugs that i don't have at the
moment.The sales revenue is Kshs. 50,000.
The loan will be used in purchasing of drugs and other medicines for sale.The after sales profit will be saved to assist me pay off the loan as and when appropriate.I thank you for trusting in my business.My type of business requires that i have a large capital but however beginning from somewhere is better than nothing.I look forward to working with you in this venture as a pilot project to see to it that it succeeds.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 6, 2014
Repayment status
On Time
Projected term
3 months
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