I will use this loan to acquire more stock for my business

Laban

Nairobi, Kenya

100% repaid

Follow Laban

How it Works

Entrepreneur

Name

Laban

Member since

January 2014

On-time repayments

269 installments • 23%

About Me

My name is Laban Kemboi. I hold a bachelors degree in Business Management. I am a father of two and we live in the Outskirts of Nairobi City(Kawangware) to get to this place one will board a bus No. 46 from the city Centre and alight at a Stage called "Coast". I am currently employed(Permenently
) by a company in Nairobi Kenya . I decided to start a business in order to generate more income to suppliment my earnings. The earnings from the business are used to pay for bills and also invest further.

My Business

My business entails selling of Groceries within the place that i live. My products are on demand since Fruits and vegetable are normally consumed on daily basis hence there is a steady and regular market for my products .My ability to repay the loan is Quaranteed by my Current Job together with the profits am currently making from the business. My business is doing well since i treat my customers well and provide quality service and goods at an affordable price.
For this case i would like to state that i will be using my salary to repay the loan as and when granted since i earn a monthly salary regularly and this will augur well with the monthly repayments.

Loan Proposal

With this loan i will buy more stock (fruits and vegetables) for the business this will increase my capital hence will have a larger stock to work with which will translate to an increase in revenue and ultimately Profit. I need this support since my budget is currently tight and am unable to raise additional capital using my current income earnings.

Feedback

Positive

Neutral

None

Negative

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 26, 2014

Repayment status

On Time

Projected term

2 months

Other loans

Mar 2014: $150

May 2014: $172

Dec 2014: $397

Lenders

ToddK

Indianapolis, IN, USA, United States

JakeA

Wellington, New Zealand

Bavarian

Bavaria, Germany

joaoferraz

RINCHOA, Portugal

cranejoad

cazenovia, United States

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

Please log in to comment.

Laban Mar 6, 2019

I am Currently Experiencing a financial Constraint hence unable to raise the required amount

Log in to reply • Share
Laban Jul 4, 2015

I am currently constained financially and business is not doing well

Log in to reply • Share
Laban Apr 1, 2015

In order to maintain on time I would like to reduce my repayments since I having a challenge repayment ge with the current amount.

Log in to reply • Share
Laban Jan 27, 2015

i am comfortable paying 300 shillings without straining since my current cash flow can allow for this amount

i am comfortable paying 300 shillings without straining since my current cash flow can allow for this amountt

i am comfortable paying 300 shillings without straining since my current cash flow can allow for this amountt

Log in to reply • Share
Laban Dec 31, 2014

Dear All,
As of Today i received the Loan requested in full, Many Thanks for your support starting tomorrow i will begin the purcharse of my Maize Stock.
Have a blessed New Year

Log in to reply • Share
Laban Dec 29, 2014

Thanks a lot Dear Lenders for your support, Now at 83 % and eight days remaining this is great. Looking forward for your assistance on the remaining 17% be Blessed

Log in to reply • Share
Laban Dec 24, 2014

Hello Dear Lenders i take this Opportunity to thank you All for the Loan i have just Completed, The reason was for Buying Farm Inputs, I used the Loan together with my savings to cultivate two acre piece of Land , i managed to harvest 50 Bags of Maize(90kg Bag).This is Approximately Kes. 100,00.
Thank You everyone for your support.

Log in to reply • Share
Laban Dec 20, 2014

I would like to complete the remaining loan balance as soon as possible so as to borrow another loan before ene of the month since i have received some amount to clear.

Log in to reply • Share
Laban Dec 6, 2014

I would like to increase my weekly instlament so as to complete repayent early and qualify for another loan. this is because i have recently received some cash from my harvest.

Log in to reply • Share
Laban Aug 15, 2014

i am kindly requesting that i reduce the weekly pay from the current rate of 450 to 200,reason being i am constraint financially and will not be able to make this sum 200 will be easily affordable to me for some time,as soon as i become stable will increase my contribution so as to complete my repayment on time.

Log in to reply • Share
Laban Jun 30, 2014

I would like to increase the instalments so as to complete payments early,since it was higher than 150

Log in to reply • Share
Laban Jun 25, 2014

Log in to reply • Share
Laban Jun 14, 2014

Hallo dear lenders follow this link to view the maize plantation which i bought th inputs using Zidisha funds file:///C:/Users/Admin/Down...

Thanks so much

Log in to reply • Share
Laban Jun 7, 2014

I should be paying this amount tomorrow but am constrained financially ,but will return to my normal rate after this weeks payments, thanks in advance.

Log in to reply • Share
Laban May 16, 2014

MANY THANKS,to all Lenders for funding this loan this will go along way in helping me purchasing the stock i needed.

Log in to reply • Share
Laban May 15, 2014

Hello good Lenders my loan is currently at 53% funded ,in addition my 14 day expires today i am humbly requesting for some people to help in completing this before the time elapses, PLS!PLS! .Thanks , in advance

Log in to reply • Share
Laban Apr 25, 2014

hi Team,
I have a problem with my cash flow and i am unable to pay kenya shillings 391 on 26th April 2014 as i have always done,however intend to clear the outstanding amount by 5th May 2014. Kindly bear with me because of this.
your consideration will be highly appreciated.

regards

Laban

Log in to reply • Share
Laban Apr 10, 2014

Once again i take this time to thank you for your support i have been able to plant the farm as intended,see the attached photo

Log in to reply • Share
Laban Mar 17, 2014

Thank you so much matthieu with this loan i have managed to purchase the farm inputs and now preparing to plant this has really asisted me.

Log in to reply • Share
Laban Jan 27, 2014

Many thanks to all lenders for your trust by way of lending, have been able to add a few stock to my shop this has really moved me a step ahead. This being my first time am very happy and Greatful.

Log in to reply • Share