Purchase of maize for sale

Laban

Nairobi, Kenya

9% repaid

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

Thanks For Granting me anothe opportunity to borrow this Loan, I must Say that this Loans have really Improved My Business as well as Income as intended hence improving my life as well as that of the Family.
For This Loan i intend to Purchase 20 Bags of Maize @1600 kenyan Shillings,totalling up to kenya Shilings 32000/= The remaining Amount will be used to Buy Preservative, Labour and transportation Costs.

I intend to store Them awaiting a price increase around March -April, my target is to sell a bag @ 3000/= hence eventually Making a profit of about 1400/= per Bag and a total Gross Profit of 28000/=.

Over The Past Years i have noticed that Prices Normally Increasing around the said time but are currently cheap since it is harvesting time.

Looking forward for your support,Thanks in Advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$397.00

Date disbursed

Dec 30, 2014

Repayment status

Late

Projected term

75 months

Lenders

rebecca

Chapin SC, United States

J

johans

Malmö, Sweden

tjm212003

Montreal, Canada

C

cooperowl

Austin, Texas, United States

Roothog

copenhagen, Denmark

thepaddy

Essen, Germany

Dymero

Manchester, United States

J

jra299

New York, United States

D

Daniel

Cupertino, United States

Irvin

Vancouver, Canada

investor

Candiac, Canada

P

pradyot

Fairfax, United States

S

Slater86

Sydney, Australia

J

johnkinell

Stockholm, Sweden

C

Catolas

Kelowna, Canada

G

glosoli

Boston, United States

P

Philippe

Adliswil, Switzerland

W

Windsor

Calgary AB, Canada

A

adwatson

Milan, MI, United States

D

DrFeelGOOD

San Jose, United States

Joellen

Boulder, United States

E

Esuil

Vallentuna, Sweden

DHixenbaugh

Seattle, United States

R

RalphyCastro

Allentown, United States

DeanDropshot

Oslo, Norway

S

snowlilly

Sanford, United States

D

dallin1776

Blackfoot, United States

Tuomas

Helsinki, Finland

Silver

Steiermark, Austria

Judith

London, United Kingdom

A

anne339

Zwolle, Netherlands

L

ldron7

Utah, United States

Zidisha

Sterling, United States

J

Johnrock702

Saint Augustine, United States

B

blahblah

Nuernberg, Germany

TheWhiteCat

Surrey, United Kingdom

ads68

Melbourne, Australia

JM

Joseph Martinez

San Jose, United States

Bobrm2k3

Charleston, United States

Z

ZacJ89

RIverside, United States

Zal0m0n

Atlantis!!!! x), Mauritania

S

Sjors

Eindhoven, Netherlands

M

meric

Australia

M

merk85

United States

Vesa

Helsinki, Finland

C

CeciliaB

United States

Rachael101

Brisbane, Australia

SMOICE

Berlin, Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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