Benson Mungai

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Benson Mungai

Location

Kiptangwanyi, Kenya

On-time repayments

82 monthly installments  •  22%

About Me

I am married with 2 children who are all schooling. I live in Kiptangwanyi shopping center which is about 43km from Nakuru town. I live in plot number 12A. I have a cereals shop in the shopping centre. My y cereals shop is known by many of my customers and thus this makes me to consistent customers in my business. I am able to purchase cereals in large quantities and as well as sell the same to my customers in large quantities. I also supply cereals in neighbouring shopping centers such as Kongasis, Jogoo and Munanda.

My Business

My business entails the sale of cereals in the shopping centre. The business is marketable and the demand for these product that I sell is very high within this area. The main challenges that this business are poor transport, drought and high prices of commodities that is usually accelerated by drought. This area of Kiptangwanyi is a semi arid area and sometimes the climate becomes so harsh such that nothing does well. At this time the business is usually negatively affected and the revenues goes down. Sometimes there is shortage of water which also highly affects the business. I hope that the loan that I will get from Zidisha microfinance will make me be able to improve the situation of my business.

Loan Proposal

Dear lenders. I would like to use my loan to expand my business by buying mire grains during this period. I would also like to expand my store for the cereals because the one I operate in is very small.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$988.72

Date disbursed

May 10, 2012

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Lender interest: $988.72 at 5.76% annual rate over 9 months = $42.71

Service fee: $37.09

Upon joining Zidisha, Benson paid a lifetime membership fee of $8.86.

Lenders

melliecarma

Portus Town, Germany

J

jobo

Darmstadt, Germany

A

Anninymouse

Southampton, United Kingdom

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

d

., United States

E

Errol

Bradenton, FL, United States

IJAZBOF

Chihuahua, Mexico

M

Monarch84

Las Vegas, United States

thepaddy

Essen, Germany

EricDWalters

Rochester, Mn, Usa, United States

KYLE LARSON

Little Falls, United States

investor

Candiac, Canada

P

Philippe

Adliswil, Switzerland

A

adwatson

Milan, MI, United States

G

grizu

dortmund, Germany

Hope2012

United Kingdom

Rdcmole

Cincinnati, United States

Eliduc

Prague, Czech Republic

KyRoamer

Louisville, Kentucky, United States

AndreaBravi

London, UK, Canada

LA

United States

Raoul72

Naarden, Netherlands

billfred

Phoenix, United States

G

Greywalk

APO, United States

J

jrtregurtha

Ridgefield, United States

joselvelez

Dallas, United States

P

profa

Rehovot, Israel

petitnekomimi

Milverton, United Kingdom

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