Name
Ben Njuguna
Member since
April 2017
On-time repayments
120 installments • 47%
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 .
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.
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.
Positive
None
Neutral
None
Negative
None
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
Other loans
United States
Asheville, Nc, United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ask Ben a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.