Buying more assets

Kiplangat Kemboi

Bomet, Kenya

100% repaid

Entrepreneur

Name

Kiplangat Kemboi

Member since

December 2014

On-time repayments

364 installments  •  83%

About Me

My Names are Titus Kemboi Kiplangat, a married man living in Embomos ,Konoin . I went for computer engineering course in Nairobi where i acquired some IT skills that i thought later will help me due to the passion i had for computer studies. After the completion of my course, I worked as a computer laboratory technician in one of the colleges in Kenya where i gained a practical and hands on experience. but afterward i decided to diverse my education by joining a university and pursued Accounting course. After completion i worked in one of the largest micro finance where i was qualified be advanced with the loan which could necessitate entrepreneurial financing in order to exploit the expertise IT and earn a living thereof and i managed to open a small cyber cafe in the nearby town in 2011. However small it was i could feel that I am satisfied with it. due to growing needs by the people, I realized that the market niche that could be exploited.

Currently I yearn to increase the capacity of my output could be way of sourcing fund externally.
Should I get a well wisher to further gear the business I believe I shall be able to exploit the potentiality existing in the area.

My Business

My business is in line with my career of information technology, having well understood the industry I decided to do it as a business to boost my livelihood.
I ventured into the business because of the demand in the area. it started in the year 2011 In bomet town (nearby town) out of what I had saved from my previous employment salary where I had only one computer for the administrator and a printer alongside and a workforce of only one personnel. The administrator could sometimes allow the client use his desk top when there was no work which I felt embarrassing and I saw need to expand the business a bit to accommodate all my clients without sharing resources. .
Due to steady rise in demand, I was forced to increase the computers to enable my client served better. I added two more computer and consequently hired one more personnel, and at that moment I could net in KSH 20,000 a month having paid the operating expenses.
When I joined Zidisha, I was able to by some few computers and good printer in 2016 which is serving the business very well. Currently I yearn to increase the capacity of my output could be way of sourcing fund externally.
With outbreak of COVID-19, it presented opportunities to cyber businesses. I have been having many clients doing their jobs online, attending meeting and classes for students. I feel embarrassed to see customers queuing or sharing a computer. As a result, I need to acquire more computers to accommodate them.

Loan Proposal

Describe what you will do with the loan in at least 200 characters.
i have upto now enjoyed and thank zidisha lenders. my cashflow has really changed positively to a current almost double the initial.due to high potential in the am planning to add more machinery and more personell from the current 4 computers and 2 personel manning the cafe'
should i get this loan this loan i want to add one computer to assist in running the business and to decongest the offices.similarly i will be forced to add more personell to assist in manning it but the wages will be out of daily sales.the area still holds capability of expansion.
thanks to lenders.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$180.13

Date disbursed

Sep 12, 2015

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Service fee: $7.48

Lenders

J

Jason

New Jersey, United States

T

Tallago3

Munich, Germany

RebeccaNie

Palo Alto, United States

M

mason243

Denver Colorado, United States

J

Jennifer

Minneapolis, United States

B

briansedz

Canton, Ohio, United States

F

farwest

Alamo, United States

J

JoycaLeplae

Gent, Belgium

D

duckdork

De Forest, United States

IA

Ismini and Jerry

Stamford, USA, United States

J

JoeSolar

Virginia, United States

S

silsley

Cheltenham, United Kingdom

D

dannimw

Victoria BC, United Kingdom

rhagen

New York, United States

Winona

Yakima, United States

E

erlingre

Sør-Fron, Norway

D

dpvidal

Eindhoven, Netherlands

B

BearLa

Indianapolis, United States

F

frazier

rock springs, United States

A

Alizar

Toms River, United States

S

SanderBeckers

Brussel, Belgium

mfrost3

Dakar, Senegal

A

akshu71

Ottawa, Canada

T

Texikan

Fort Worth, United States

D

dj9812

United States

Garry Tan

San Francisco, California, United States

L

liseman

United States

C

Csquared

United States

M

Molloy

Moorpark, United States

A

analyticsPierce

Denver, United States

M

MirTemporal

Hyde Park, United States

J

jake7705

Wilsonville, United States

C

chrishol

United States

O

osubucks45

United States

T

tlbtlbtlb

United States

FrancoisGarcia

Montreal, Canada

jonnyhj

Stockholm, Sweden

N

Nijntje

Netherlands

F

FSO

Canada

A

ATMiller

United States

E

eliastheroux

United States

AltruismUSA

Los Angeles, Ca, United States

P

pkoy04

United States

M

maloney

United States

S

sarah4d2

Saint Louis, United States

smastermind

Jerusalem, Israel

chriseyre

Fremont, Ca, United States

L

luckiestmonkey

United States

AndrewNeu

Ho Chi Minh, Vietnam

H

HLCharityFund

United Kingdom

A

aajmp

United States

A

afrakhan

United Kingdom

R

Rajendra

Jamkhed 413201 Maharashtr, India

S

satheajay

United States

S

samuelknecht

United States

M

me.iulian

Iasi, Romania

M

Millie_and_Babs

United Kingdom

Andrew267

Birmingham, United Kingdom

E

egines

United States

Kallwejt

Warsaw, Poland

alecors

Mexico, Mexico

R

ras

Germany

J

Joe

United States

Shen Ge

Houston, United States

D

Doug

Baltimore, United States

MJ

Matt Jenkins

United Kingdom

S

Steve

United States

Thomas

Basel, Switzerland

Dominik Wagner

Karlsruhe, Germany

C

Christian

Switzerland

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

Loading...

Loading...

Loading...