Benson Muhu

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Benson Muhu

Member since

August 2012

On-time repayments

241 installments  •  91%

About Me

I live in Kiptangwanyi shopping center which is approximately 43km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with four children, three of them are schooling at a nearby school. I live in plot number 52B at the shopping center where I carry out my business with my family. My business entails a kerosene pump at the shopping center. The business is profitable as kerosene is an essential commodity.

My Business

I engage in the services of providing kerosene at the shopping center. The business is profitable as kerosene is an essential commodity in this area especially in the villages surrounding the shopping center. Most areas in this region are not connected with the electricity prompting them to use kerosene and therefore the demand for this commodity is very high. The challenges that this business face are lack of finances to expand the business and frequent fluctuation of world fuel prices.

Loan Proposal

Dear Lenders,
I would like to use my loan to purchase a new electric kerosene pump. The pump that i am currently using is manual and breaks down frequently. The new pump will enable me to provide the service more efficiently to my customers. The current pump is not efficient and has a lot of spillage. Secondly I would like to start selling petrol to motorcycle operators. The business is promising as there are so many motorcycle operators in this area and therefore I can tap on this opportunity.

Feedback

5

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Loan Info

Project Type

Classic Loan

Disbursed amount

$498.61

Date disbursed

Aug 21, 2012

Repayment status

On Time

Projected term

12 months

Cost to entrepreneur

Lender interest: $498.61 at 4.70% annual rate over 12 months = $25.45

Service fee: $18.67

Lenders

V

vidarlil

Sandefjord, Norway

IJAZBOF

Chihuahua, Mexico

EricDWalters

Rochester, Mn, Usa, United States

B

Bizu

Berlin, Germany

I

internetfrust

Wiesenttal, Germany

Rdcmole

Cincinnati, United States

LA

United States

korben

VILLENAVE D'ORNON, France

Z

zako316

Chicago, United States

J

javakonsole

Berlin, Germany

S

Sparkle

Pennsylvania, United States

marcantonio152

Pensacola, FL, United States

H

hwwijono

Jakarta, Indonesia

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