Elector Momanyi

Aree Area, Kenya

100% repaid

Entrepreneur

Name

Elector Momanyi

Member since

June 2013

On-time repayments

39 installments  •  44%

About Me

I am married with four children and i live within Free area of Nakuru County in the republic of Kenya.I have done a diploma in laboratory technology and I'm a practising technician.I started this business out the desire to become a self employed person and as well assisting those who are sick more especially in doing laboratory tests in malaria, typhoid and other diseases.What i purchase with my earnings revolves around syringes, medicine as drugs, and other lab equipments. I have run this business for the last 6 years and this has enabled me to educate my children, purchased a plot for residential, and has always provided food for my family. In my own experience, self reliance is key in life and i always encourage people to do the same through small enterprises development.

My Business

My business is about doing laboratory tests to individuals, counselling and referrals.There is demand for this services because in the contemporary society, people prefer to go for check ups first before going for treatment.That is why there is demand for this services.Secondly, my services is on demand due to quality services and good customer relations which has been our bottom line.Our competitive edge has been good pricing compared to others dealing with similar businesses.Competition is always averse in any business.Such competition is price and price fluctuation & marketing trends.The business is profitable since all services are done in one place. laboratory tests, referrals and counselling.My typical monthly costs runs from Kshs. 35,000 and sales revenue and profits range from Kshs. 60,000.After sales is Kshs. 25,000.This is actually saved in my savings account for future use as well as for contingency plans in regard to my social status and my business.

Loan Proposal

I will use the loan for purchasing more laboratory equipments and for supplies and services.I want to thank you my lenders for having that trust in me and i look forward to giving progressive re[ports as and when appropriate.Iam able now to have more clients out of this loan for getting more supplies, new equipments and my clients are being served well. Thank you very much.

Feedback

4

None

1



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Loan Info

Project Type

Classic Loan

Disbursed amount

$207.00

Date disbursed

Nov 4, 2013

Repayment status

On Time

Projected term

11 months

Lenders

A

anonymus

Moon, United States

Pierfausto

Rome, Italy

T

Texas

Houston, United States

G

Goodwill

Oakland, United States

mewesten

Waynesboro, United States

J

JayZKay

New York, United States

joaoferraz

RINCHOA, Portugal

I

inips

Oslo, Norway

C

CZC

Lake Zurich, United States

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  • Elector Momanyi    Apr 15, 2019

    hi I here by apologise for not paying my loan for long time .surely due to challenges of life .I had reached a good stage but all my project things were stolen up to now am totally down .unless you think ways of up lifting me so that I can clear my balance .now have started a small project of chicken rearing .I kindly request to consider me thanks in advance elector Momanyi kenya

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  • marymarrs    Mar 6, 2016

    You only repay 58% of your loan?

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  • jan73    Dec 25, 2014

    Good wishes for health, joy, and prosperity to you and your family in 2015!

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  • Elector Momanyi    Sep 22, 2014

    Thanks for accepting my loan application for the third time. I will be posting all feed back as appropriate.

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  • Vincent    Jul 30, 2014

    Hi lenders am VM to Mr.Momanyi l communicated with him today . he was able to explain to me that the reason he couldn't make his payment on time was because some of his clients had not owned up to their debts .but he promise to start making the payment soon.

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  • Elector Momanyi    Jun 22, 2014

    I would like to reschedule my loan repayments to 30th of July 2014. Kindly bear up with me.

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  • Elector Momanyi    May 31, 2014

    Dear Lenders, i would like to extend my repayment schedule to 10th of June 2014.Kindly bear up with me till that time. Thanks.

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  • Elector Momanyi    May 22, 2014

    I hereby inform you my esteemed lenders that my business is doing well. Iam requesting to be given one more week to settle the outstanding balance of Kshs.2668.
    Thanks for your patience.

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  • Elector Momanyi    Apr 21, 2014

    Dear Lenders, i would wish to reschedule my repayment to 5th of May 2015.I would like to maintain that repayment rate as indicates ( Kshs. 2668) as from that date. I look forward to working with you and request that you be patient. I want also to thank you most sincerely for the efforts that you ave taken to fund my business and i look forward to giving timely and progressive reports as and when appropriate. I look forward to making sure that all the repayments are done and on time.

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  • Elector Momanyi    Apr 4, 2014

    Dear Lenders, i would wish to reschedule this loan for the next two weeks as i await my clients whom i supplied with items to pay in. I look forward to working closely with you in this regard so that i can get back to my two feet and repayment on time. Kindly do acknowledge and sorry for any inconveniences caused.

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  • Samuel    Mar 31, 2014

    I am a VM. I phoned Elector today 12.39pm. He says he has rescheduled because he purchased lab materials with the loan for the resale. However, so far only a few customers have paid for their credit orders. He will restart repayments by 8th April.

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  • CZC    Mar 8, 2014

    Mr. Kinara,


    How is business going? Can you give us an update on when you expect to be caught up in your payments? If you are having difficulties, may I suggest you reschedule your loan to smaller repayment amounts over a longer period of time?


    Cris

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  • Elector Momanyi    Feb 20, 2014

    Dear Zidisha/Lenders, this is to let you know that i have done/paid part of the loan of Kshs.1000 and i promise to continue paying till i settle all the outstanding balance.

    Thanks for your patience.

    Elector.

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    • mewesten    Feb 20, 2014

      Hello Elector,
      Thank you for the note. It is very good to hear from you.

      I have trust that you will keep your commitment as you can.
      My best to you,
      marvin

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  • CZC    Feb 10, 2014

    Elector,

    I hope everything is going well for you and your business.

    I noticed that you have fallen behind on your payments. Why don't you reschedule your loan so your profile won't be affected negatively?

    Any news on how you are doing would be welcome.

    Thanks,
    Cris

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  • Elector Momanyi    Dec 23, 2013

    Hi Lenders, Thanks a lot for the loan. Iam doing progressively well.

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  • Elector Momanyi    Nov 9, 2013

    Dear Lenders, i have posted in another photo of me in my lab. Kindly find as requested.I will be updating you as and when appropriate.

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  • mewesten    Nov 2, 2013

    Hello Mr Kinara,
    I have again contributed funding to your loan. I am pleased to do that, as you are a man of your word and always keep your lenders informed about what is going on.
    I would enjoy seeing a photo of you and your laboratory if you can upload one to your page.
    Take good care, sir.
    marvin

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  • Elector Momanyi    Nov 1, 2013

    Thanks a lot my lenders. I have used and utilized the loan given to me well and i have seen results worthy mentioning.I have cleared my laon and i do request to be added another one for continuity and progress as well as growth of my business. Your trust in me is a sure way of leading people like me out of poverty and giving me the opportunity to grow myself.Thanks a lot.

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  • Elector Momanyi    Oct 15, 2013

    I hereby wish to extend my loan repayment schedule up to 15th November however if i succeed in getting payment of the supplies of reagents i did to my clients, i will be obliged to pay before that very date. Kindly bear up with me.Looking forward to working with you.The loan has given me more morale from the perspective that i can be able to procure items and at the same time giving the clients what they want. This has developed trust in me and my clients. This is a noble partnership and iam sure that you as lenders will go a long way in achieving the millennium development goals as well as eradicating poverty among the resource poor.
    Thanks.

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    • mewesten    Oct 15, 2013

      Hello Mr Kinara,
      I appreciate hearing from you, and thanks for writing. It's always good to hear from you.
      Flow of cash is a problem businesses have from time to time. I understand, and I'm sure you will put things in order quickly to keep benefiting your clients.
      My best,
      Marvin
      .

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  • Elector Momanyi    Oct 10, 2013

    Thanks a lot foe continuous communication. I would like to inform you that my lab services is going on well now that through your loan, i was able to purchase what was missing such as modern equipments and other materials necessary for the better services to my clients. I look forward to clearing my remaining balance so that i can apply for more money to continue scaling up to the highest standard i wish to go. Much appreciated.

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