Zidisha |

Benedict

Kiptangwanyi, Kenya

45% repaid

Follow Benedict

How it Works

Entrepreneur

Name

Benedict

Member since

October 2011

On-time repayments

23 installments • 61%

About Me

I live in kiptangwanyi shopping centre. I am a tenant in plot number 57, house number 3. i am married with one child who is schooling. My business entails the selling of kerosene in the shopping centre. the business has high potential because this area is within the interior and therefore many people are not connected with electricity. this therefore means that many people rely on paraffin as their source of energy and this makes this commodity to have a very high demand.

My Business

my business entails the services of selling paraffin to consumers. the reason made me decide to start this type of business is the high demand for kerosene as many of them rely on this for lighting and also as a source of energy for cooking in their stoves. The main challenges that this business encounter is fuel shortages, fluctuation of prices of this commodity as well as bad weather conditions that make the roads become impassable especially during the rainy season.The business is profitable because many people in this region are still not connected with electricity and therefore they rely on this product making its demand to be very high.

Loan Proposal

Dear Lenders,
I would like to use my second loan to purchase a new fuel pump. I would also like to open another kerosene selling outlet. The first loan assisted me so much in expanding the business and it is now well established. My customers have increase and also my revenue is good. I was able to repay my loan without difficulty and it is my sincere hope that this second loan will boost my business a great deal.

Feedback

Positive

None

Neutral

None

Negative

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,087.00

Date disbursed

Sep 11, 2012

Repayment status

Late

Projected term

15 months

Other loans

Oct 2011: $202

Lenders

Anninymouse

Southampton, United Kingdom

CWS

Huntington beach, ca, United States

Errol

Bradenton, FL, United States

Brian

Midhurst, Canada

EricDWalters

Rochester, Mn, Usa, United States

Oslo, Norway

Taipei, Taiwan

France

--, United States

Sydney, Australia

dortmund, Germany

United Kingdom

Victoria, B. C., Canada

MaxEmerika

Sonoma County, California, United States

Naarden, Netherlands

United States

Co Kerry, Ireland

West Plains, MO, United States

smithman234

port hope, Canada

JaMinLu

Concord, United States

Lemon

Switzerland, Switzerland

Along

Tel Aviv, Israel

Gauram

Princeton, United States

virtualreality

Koeln, Germany

Ask Benedict a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

S
smithman234 Apr 14, 2013

Hello Benedict,

Is there any way I can help you out?

Your friend,
Jordan S.

Log in to reply • Share
MaxEmerika Feb 15, 2013

Dear Benedict Wambugu,
We hope your business has picked up and send best wishes to you and your family!

Log in to reply • Share
Benedict Nov 20, 2012

dear zidisha I decided. to reschedual my loan because my business. has gone down anexpeted because of this commodity. price going up in the place where. I get it that making me also to hike price.this made my income to come low and also castomer stop using this commodity. as aerlier. but this stituation will not last long it about a months. or two and I will be able to return to normal repayment

Log in to reply • Share
AchintyaRai Feb 4, 2012

Hello Lenders,

My name is Achintya Rai.

I visited Kiptangwanyi on Thursday (2nd Feb 2012) and had the chance to meet Benedict Wambugu at his business premises. Benedict has a small store from where he sells Petrol, Kerosene and Diesel to people here. Before taking his Zidisha loan, he used to sell only Diesel and Kerosene, but with the loan money he started selling Petrol as well. He buys petrol for 112 shillings a liter and sells it for 130 shillings. He sells about 10 liters of petrol in a day. Most of his sale is of kerosene, which people use for lighting lamps.

He has a mechanical, hand operated pump that he uses to fill kerosene. This pump is connected to an underground tank, which the company truck comes and fills up. Benedict seemed very proud of his pump and volunteered to demonstrate to the camera how it operated. Even though I told him not to because I was taking still pictures, he insisted. I hope some of his energy spilled over in the images.

With the next loan, Benedict wants to buy a motorbike. He now uses a bicycle and this limits his reach greatly.

Benedict is 23. He is married.

Achintya
Mugaa Village, Kenya
4th Feb 2012

Log in to reply • Share