Benjest gas supplies

Ben Njuguna

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Ben Njuguna

Member since

April 2017

On-time repayments

120 installments  •  47%

About Me

Introduce yourself to lenders.I am a head On kind of a Guy who respects his work very much, having been trained in the Nys for four years and acquired engineering as well as entrepreneurial skills I do manage very well .

My Business

Describe your business or income source.I deal with the distribution of Lpgs mainly Hashi from 6kgs cylinders to 13kgs cylinders and due to huge demand of the same, I wish to raise my capital so that i may add more cylinders. an empty cylinder ranges between ksh2500 to ksh 2700,while refilling per kg is charged btw ksh102 to ksh 130 depending with the energy department in Kenya. I add ksh10 to ksh15 per kg as my profit so each 6 kg cylinder I get ksh 60 to ksh 75 respectively. I have been able to acquire a three Wheeler for transport and I wish to increase more stocks.

Loan Proposal

i would use the loan to refill my cylinders as i aspire to grow more,for instance a kg of gas costs between 125 to 140 ksh currently making a 6kg cylinder costs between ksh750 and ksh840 respectively.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$46.76

Date disbursed

Oct 20, 2017

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $1.96

Lenders

Martin

Manama, Bahrain

PG

Paul Graham

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

ZS

Zach Silveira

Asheville, Nc, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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