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

1

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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

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

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  • Laban    Mar 6, 2019

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

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  • Laban    Jul 4, 2015

    I am currently constained financially and business is not doing well

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  • 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.

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  • 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

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  • 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

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  • 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

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • Laban    Jun 30, 2014

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

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  • Laban    Jun 25, 2014

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  • 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

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  • 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.

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  • 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.

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  • 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

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  • 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

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  • 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

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  • 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.

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  • 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.

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