Selling paraffin cooking fuel

Jeremiah Mwangi

Karunga Nakuru, Kenya

31% repaid

Entrepreneur

Name

Jeremiah Mwangi

Member since

August 2013

On-time repayments

37 installments  •  84%

About Me

My name is Jeremiah Mburia, born in the year 1982 I went to Gatunguru Primary School then to Kianguenyi Secondary School. After secondary I moved to Karunga where I started a business. I am married with two children I live with my family at karunga.
I come from Karunga shopping centre from Nakuru/Nyahururu road as you reach a Centre called Maili Saba you branch to your right take a rough road go past St. John Secondary School then from there to Karunga Center. From the centre ask for the chief’s camp just around there is our home just ask for Baba Mwangi will be brought to our home Plot No. 1

My Business

I have a business of selling paraffin which is situated at Karunga Centre I buy the paraffin in whole sale and I sell it in small quantity in retail to the people around area. I get my paraffin at place called Maili Sita in a petrol station where they sell at a good price of 75/= per liter in return I sell 85/= per liter that is a profit of 10/= per liter. I sell 40 liters per day making a profit of 400/= per day so per month is about 12,000/= so annually I get about 144000/=. I use the amount to cater for my family help my parent and also use to continue the business. I would like upgrade my business I would like to buy a pump in stead of using the jerry cans to reduce the risk and also reduce the loss. In future I would like to extend my business by including the sell of petrol diesel, oil and cooking gas.

Loan Proposal

I would like to take this opportunity thank Zidisha team for the last loan and also for the incoming loan it has been of great help to my business. I will use the incoming loan to boast my business and also give it a new look for the betterment of my customer and also my family. I have very much benefited from the loans and I am recommending many of my friend s to join so that they can also benefit. i will use the amount to stock my business of fuel i will buy more liters of diesel and paraffin which will in return give me more profit this will help me to continue the business and also be able to repay the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$444.28

Date disbursed

Jun 17, 2014

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Lender interest: $444.28 at 7.34% annual rate over 5 months = $13.80

Service fee: $6.72

Lenders

J

jeffb

United States

J

jjonas

berlin, Germany

H

HildeK

Rogaland, Norway

Cloudways

Malta, Malta

C

cfaul

Seattle, United States

T

the0bauman

Hillsboro, United States

Namaste250

Pittsford, United States

ads68

Melbourne, Australia

DT

Dru Tarr

Gloucester, United States

troutsfarm

Pittsboro, United States

N

netsirkd

Highland, United States

calvero

Bergen, Norway

Hedwich

Gorssel, Netherlands

gseletko

South Perth, Australia

Sarasota

Sarasota, Fl, United States

Matthieu

Switzerland, France

C

cranejoad

cazenovia, United States

markpearson

Portsmouth, United Kingdom

Genady

Münich, Germany

G

GreenMoney

Lahr, Germany

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

M

mpcovcd

United States

L

leumasmc

United States

larry

Sweden

Louella

Australia

G

GDean

United States

D

dk1234

Netherlands

Sputnik

Switzerland

H

hixeu

Belgium

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