Purchase of more fixed assets for the business

Kiplangat Kemboi

Bomet, Kenya

100% repaid

Entrepreneur

Name

Kiplangat Kemboi

Location

Bomet, Kenya

On-time repayments

299 weekly installments  •  98%

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

Due to steady rise in demand, I was forced to increase the machinery to enable my client served intactly.I added two more computer and consequently hire one more personnel, and at that moment I could net in KSH 30,000 a month having paid the operating expenses.
Currently I yearn to increase the capacity of my output could there be way of sourcing fund externally.My recently completed loan of Ksh 18000 i used to purchse a small photocopier which costed me Ksh.25000 where i had to add some money out of my equity,i am applyiong a loan of Ksh 38026 which am planning to buy another combined photocopier and printer in it.the remainder shall be utilized for minor repair which wont cost more than Ksh10000 In order to enjoy the overwhelmimg demand in the area.
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.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$380.17

Date disbursed

Nov 19, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $19.01

Kiplangat opted to pay $119.61 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

A

agwong

California, United States

smonroe

Stanford, United States

R

redhoward

San Francisco, United States

tjm212003

Montreal, Canada

C

CWS

Huntington beach, ca, United States

B

bgalon

London, United Kingdom

E

Errol

Bradenton, FL, United States

neffe

Berlin, Germany

S

Snick

Halle, Germany

H

Hilke

Bremen, Germany

thepaddy

Essen, Germany

R

rlajoux

Bangkok, Thailand

J

johan

Oslo, Norway

P

Peter

München, Germany

Spyque

Saint James, United States

torelizer

Reggio Emilia, Italy

Veronika

victoria, Canada

S

SovTempest

Toronto, Canada

D

drakekids

Greensboro, United States

S

Spassmacher

46244 Bottrop, Germany

Y

yop324

Ottawa, Canada

bdm4a

San Fransisco, United States

T

TobyKenobi

Syracuse, United States

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

D

DrFeelGOOD

San Jose, United States

Joellen

Boulder, United States

E

Ehaffey

Washington D.C., United States

S

sebseb

The Hague, Netherlands

C

ColinPlatt

Montgomery Village, United States

I

ideerge

Mountain View, United States

N

norlaine

Rogers, MN, United States

Tilius

Oslo, Norway

A

akarwan

Fort Collins, CO, United States

K

Koduck

Southampton, United Kingdom

J

jozua

Delft, Netherlands

traciyoshiyama

Honolulu, United States

A

anti-dot

London, United Kingdom

W

Withnail

Reading, United Kingdom

johnnorris

Aberystwyth, United Kingdom

J

jrtregurtha

Ridgefield, United States

joselvelez

Dallas, United States

H

howru

Toronto, Canada

G

gt2016c

Birchgrove, Australia

A

aaron29100

Philadelphia, United States

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

R

rcmssr

Woodbury, United States

TOTEMonline

Muscat, Oman

A

Aloha

Cologne, Germany

J

Jacquinta

London, United Kingdom

K

kathy207

South Portland, United States

T

ToddK

Indianapolis, IN, USA, United States

M

Monique

Raumati South, New Zealand

BJ

Brandon Joz

North Carolina, United States

N

nanning

Baltasound, United Kingdom

Aggul

London, United Kingdom

S

scrabblelives

Nashville, United States

M

mikecook

San Francisco, California, United States

Jeff and Marcie

Portland, OR, United States

M

mrhanky1

melbourne, Australia

J

jjiffer

Seattle, United States

K

Kollegah

Munich, Germany

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

J

JNale

Reedsville, PA, United States

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

A

Alicee

Munich, Germany

D

danny

Karlsruhe, Germany

C

Corrino

Sofia, Bulgaria

P

proby24

Singapore, Singapore

J

jipi9000

Vantaa, Finland

phytoplankton

United States

T

tmsaddress

Orlando, Florida, United States

I

Icegirl531

Inuvik, Canada

B

Becks

Dubai, United Arab Emirates

1

1979fan

Palo Alto, United States

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

B

blairan

Baltimore, United States

pbosakov

Sofia, Bulgaria

KatyRose

Manor, Texas, United States

skoch

Oslo, Norway

ksevik

Oslo, Norway

captainhappy

Gladstone, Australia

JesseEXPRESS

Arlington, United States

B

Bouwina

Rotterdam, Netherlands

M

missjoyy

Munich, Germany

T

Talex

Nürnberg, Germany

F

femi123

Oakville, Canada

S

suzerain

Kuala Lumpur, Malaysia

P

portlandloans

Portland, United States

Mavos

Gothenburg, Sweden

M

MarcAndreD

Saguenay, Québec, Canada

F

fake_name

Boston, United States

R

RichardH

Manchester, United Kingdom

Susansfund

Colorado Springs, United States

S

Serge

Bascharage, Luxembourg

M

markusfitza

College Station, United States

C

CarrotTop

Bangor, United States

IA

Ismini and Jerry

Stamford, USA, United States

J

jzidi

Los Angeles, United States

S

Sabine

Courtenay, Canada

DukusP

Glendale, United States

K

Kevincleary

Omaha, United States

A

Austrian

Graz, Austria

Matthew

New York, NY, United States

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

saturn4peace

Porterville, United States

zphelj

Dallas, United States

K

Kaz12

Winnipeg, Canada

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

U

UmSaeed

Southfield, United States

A

Aaron

Zurich, Switzerland

W

WellingtonPFClass

Columbus, Oh, United States

M

Mooper

Los Angeles, United States

R

rawlo5660

san jose, United States

Andreas Kiss

Vienna, Austria, Austria

worldcitizen

Kutztown, Pa, United States

RandyPetersen1

Colorado Springs, United States

ButterfieldFamily

Heber City, United States

J

justincomish

Riverton, United States

H

hivervan

watou, Belgium

C

christina

Heber City, United States

L

landhalsema

Driebergen, Netherlands

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

E

emtesenair

Charlotte, United States

J

jackieric

Folsom, CA, United States

M

moneypatch

Heber City, United States

L

lilbsedz

Raleigh, United States

HMS_5th_Grade

Honolulu, United States

L

LenderTrender

Freeville, United States

Vla911

Milan, Italy

jhealy87

Silver Spring, United States

J

Jyoti

Herndon, United States

MikaL

Helsinki, Finland

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

K

karit

Victoria, Canada

F

FredBetty

San Antonio, United States

G

glh25

Winooski, United States

M

magnus_h

Bergen, Norway

Gordons28

Santa Monica, United States

davidt

San Francisco, United States

G

Gwencalon

Garching b. Muenchen, Germany

L

LukeTenney

Mayfield, Australia

GH

Gav H

Langley, Canada

B

Britteva

Oslo, Norway

Stefano Bordin

Milano, Italy

VintageCalifornia

San Diego, United States

shamrock1778

Bardstown, United States

P

pastabox

New York, United States

B

BassClef

Bozeman, United States

I

ianb723

ROCHESTER, United States

T

tbogz

Singapore, Singapore

ericacamille

Brooklyn, United States

Richard100

Santa Ana, United States

P

prashant

SUNNYVALE, United States

G

gregc

Calgary, Canada

S

solarkismet

Logan, United States

Y

Yecats

New York, United States

M

mrsfit

Surrey. BC, Canada

E

ElliottGarlock

Palo Alto, CA, United States

A

arwaandali

Ottawa, Canada

A

AFGriffith

Woodinville, United States

zaoyoga

Toulouse, France

D

ddandipu

Calgary, Canada

C

CarolD

Hendersonville, United States

B

Brian

Washington, DC, United States

W

Walter1

Bergneustadt, Germany

A

acolomitchi

Eynesbury, Australia

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

James

Paris, France

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

U

UTLonghorn

Lincoln, United States

2

2Samuel22

Clarksville, United States

M

miriamg

Toronto, Canada

M

MACH1351CJ

HOMMELVIK, Norway

claire.mcleland

Springfield, United States

Peter Marozzi

Kaohsiung, Taiwan

N

Navigator

Alavus, Finland

numbat

Perth, Australia

larsandanika

Langen, Germany

K

Krishroff

Dubai, United Arab Emirates

O

olliepalmer

London, United Kingdom

S

Sclodfelter

Los Angeles, United States

J

Jamesd

Swansea, United Kingdom

F

Fritzimax

Pacific City, United States

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

C

corvus

Paris, France

kivadoris

Vancouver, Washington, United States

DVM1417

Seaford, United States

Culli

Brooklyn, United States

J

jocke

Stockholm, United States

C

colomar

Langen, Germany

paulclinton

malaga, Spain

S

sarapho

Hawkestone, Canada

L

LongTallSallymander

Menomonee Falls, United States

J

Justicar007

Longueuil, Canada

Benz0

Reno, United States

H

hokyplyr

Lincoln, United States

S

saraef

Nottingham, United Kingdom

A

AndrewC

London, United Kingdom

I

idakaren

bonlez, Belgium

3

381inc

Beverly HIlls, United States

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

C

Carlos

Barcelona, Spain

FriendinOregon

Hillsboro, Oregon, United States

Sappetta

Bolzano, Italy

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

Inspire

Calgary, Canada

C

cjvjsv

El Paso, TX, United States

N

NickLuder

London, United Kingdom

D

Draka

South park, United States

Parkmobile

Fort Bragg, United States

H

happytrailsjpd

South Bend, United States

A

andy.gayton

San Francisco, United States

S

SanderBeckers

Brussel, Belgium

A

akshu71

Ottawa, Canada

A

AandCfromCanada

Spruce Grove, Canada

D

dj9812

United States

M

Morgan1301

United States

E

elhh82

Petaling Jaya, Malaysia

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

B

BarbG

United States

smastermind

Jerusalem, Israel

E

ewaters1

Australia

johnhudson

Washington, DC, United States

J

JonAlec

United States

Grant Xavier Storer

Seattle, Wa, United States

Sherri Quinn

North Saint Paul, United States

ZS

Zach Silveira

Asheville, Nc, United States

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