For gas delivery to my customers and taxi

Jushua Mwiti M'eringo

Ingineeer Town, Kinangop, Kenya

100% repaid

Entrepreneur

Name

Jushua Mwiti M'eringo

Member since

January 2014

On-time repayments

192 installments  •  39%

About Me

Am a middle aged man brought up in family of six children. I went to Athambu primary school at the age of four years where I did my K.C.P.E. certificate. Later on I joined Muthara high school in my rural area where I did my O level. After that I joined Kenya polytechnic university and college class 2009. In march 2009 I met this lady who since 2004 was my first girl friend and later on she became my wife.
In the year 2010 Dec we were blessed with a bouncing baby boy. By then after completing my mechanical engineering course at Kenya poly, I got a job as a bus manager on the department of mechanical which operates along thika super highway, from githurai to town. That is when I told my wife because I have a job I good for her to do a course of her choice , of which she selected an ICT course of which I was the one who was paying for it. A t the same time I was paying paying my little sisters school fees. She was A.T.C course at VISION INSTUTE COLLEGGE Nairobi campus, currently she is at level six of the course she is undertaking.
After my wife complete the course of ICT she decided to take another course of hiv counseling and testing. That is when she came in Kinangop for attachment. A s a family we decided to relocate to Kinangop, together with my wife and our son. Before we were living in Nairobi. And I resigned for a manager job. The little savings I had in my account I used to start a business of which is doing very well as we talk. And also my sister whom I was educating got an accountant job at ALLIANCE RELIATORS in Nairobi. For my wife is a clerk at EPZ Nairobi. GLORY BE TO GOD.

My Business

The reason why am going to beat my competitors is because my customers say my competitors are arrogant to them. Also my competitors are very few in the town and also the region. Some of my customers come from a bit far from other small towns that is why am planning also to open another outlet.
The other reason is that my shop is located in a very prime area, surrounded by home steads and most of them are rental houses and they use LPGS for cooking that is an opportunity to me because most of my customers are ladies.
The risk my business is facing right now is that my customers may escape due to lack of gas due to high demand am having a shortage of cylinders and thats why am appealing for your loan. That why am looking for a loan to boost my business.
The reason I know very well my business going to pay back the loan because of the sales I make per day. I make at least 10000kshs or even more when there is job, and not less than 7000kshs a day when the job is not good.
The sale of two thousands a day when job is good half of it is profit.
In a month I use 4000Kshs in basic needs, such as food. And 6000kshs for house rent monthly for both where I resides and business premises
I will be paying the loan after two weeks from the sales I have made.

Loan Proposal

Dear lenders, if i get the loan i will use the money to buy a motor cycle worth 6800 us dollars which will be used to transport LPG GASES to my customers and when it is not delivering gases i will hire a licensed rider to ferry people from rural area where busus does not reach to town, that means i will going to create an employment to some other youth who are jobless and at the same time the motor bike also know here in kenya sa BODA-BODA will help me to repay the loan early. Thank you in advance hoping you will consider me to overcome the barrier.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$811.22

Date disbursed

Jan 13, 2015

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Lender interest: $811.22 at 5.55% annual rate over 6 months = $24.00

Service fee: $21.62

Lenders

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chkuo

Taipei, Taiwan

Zidisha

Sterling, United States

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cjmenchaca

Austin, United States

A

AnnaT

Adelaide, Australia

J

jipi9000

Vantaa, Finland

phytoplankton

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J

jared4

parowan, United States

T

tmsaddress

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A

ArcticOne

Medicine Hat, Canada

AlexPalavas

Palavas les Flots, France

B

Becks

Dubai, United Arab Emirates

1

1979fan

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nelson637

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cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

B

blairan

Baltimore, United States

C

cyrilleberger

Gammalkil, Sweden

BenRump

Washington DC, United States

pbosakov

Sofia, Bulgaria

KatyRose

Manor, Texas, United States

ksevik

Oslo, Norway

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

J

Jaslogic

Castle Rock, United States

Elaine123

Philadelphia, United States

N

nullologue

Boston, United States

gbnbca

Janeville, Canada

JesseEXPRESS

Arlington, United States

T

TokyoBliss

Tokyo, Japan

M

Marij

Gent, Belgium

F

fhlsk

Potsdam, Germany

M

missjoyy

Munich, Germany

M

mattandrike

Arlington, United States

B

BartenKatrijn

Ghent 9000, Belgium

andreasol

Bielefeld, Germany

P

portlandloans

Portland, United States

Moyeji

Australia

F

fake_name

Boston, United States

L

Loria

Vancouver, Canada

J

j12345

Durham, United States

ViVenusMedical

Jarfalla, Sweden

L

lowtechmagazine

barcelona, Spain

Susansfund

Colorado Springs, United States

T

tomdeneire

Eke, Belgium

S

Serge

Bascharage, Luxembourg

A

AustA

Sydney, Australia

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

A

aiban

Austin, United States

J

JG2012

Brooklyn, United States

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JoJoHouse

New Castle, United States

S

Sabine

Courtenay, Canada

B

boourns

Newmarket, United Kingdom

DukusP

Glendale, United States

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

M

mastodons

Chicago, United States

P

PaulHwang

Alexandria VA, United States

A

Austrian

Graz, Austria

ShelbyDove

Los Angeles, United States

P

PhilACK

Brampton, Canada

E

EnhanceLife

Heber City, United States

E

elhanan

Columbus, United States

Matthew

New York, NY, United States

eastcoastcanuck

Fredericton, Canada

W

wogman

Evanston, United States

S

samuk

Nottingham, United Kingdom

S

samiT

Brussels, Belgium

I

Ilona

St Catharines, Canada

T

TheBarber

Oro Staion, Canada

C

cczapp

Hilliard, United States

D

Dandru

Berkshire, United Kingdom

L

lender

Dubuque, United States

Jalene

Redmond, Oregon, United States

A

Aastra

Los Angeles, United States

E

Eric

San Leandro, United States

J

JonMichael

Winnipeg, Canada

K

Kinger

Dublin, Ireland

W

Woodyrocks

London, United Kingdom

A

Atlantia

Brisbane, Australia

southcentral

Zürich, Switzerland

L

loistf

Madrid, Spain

peanut

Halifax, Canada

karissa

District of Columbia, United States

danielytao

Boston, United States

RoryWitt

San Diego, United States

K

Katehar

Maple Valley, WA, United States

B

BobJames

Toulouse, France

K

Kaz12

Winnipeg, Canada

J

jwharding

Hamburg, Germany

JennyinParis

Paris, France

P

pellm

Ashland, United States

T

Tamara

Tacoma, United States

N

NoelC

Chelmsford, United Kingdom

K

katykoo

New York, NY, United States

D

Dettmann1

Atlanta, United States

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

C

creightonr

Buffalo, United States

E

eirccharrie

Cupertino, United States

FrederikMatthijs

ghent, Belgium

T

ThomasGermany

Wuppertal, Germany

O

Oktober

North Kingstown, United States

Echo

Wellington, New Zealand

U

UmSaeed

Southfield, United States

D

Dionne

Pembroke, Bermuda

M

mwkelley2

Columbus, OH, United States

MPatino01

Somerville, United States

A

amnesiac

Adelaide, Australia

D

Dave22202

Arlington VA, United States

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

F

FuzzyHat

London, Canada

Z

zblongladder

Somerville, United States

W

WellingtonPFClass

Columbus, Oh, United States

M

Mooper

Los Angeles, United States

D

djschin

Heber City, United States

worldcitizen

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cescotet

Needham, United States

RandyPetersen1

Colorado Springs, United States

R

Roxyclark

Heber City, United States

J

justincomish

Riverton, United States

P

Peksa

Espoo, Finland

Bobrm2k3

Charleston, United States

T

TryingAndFailing

St Paul, United States

C

cranejoad

cazenovia, United States

Paul Buchheit

Mountain View, United States

T

tiojoca

Portugal

Grant Xavier Storer

Seattle, Wa, United States

Mikers

Netherlands

Benjamin Charlton

Dubai, United Arab Emirates

KM

Kirsty M

United Kingdom

AH

Alex Huxley

Ellesmere Port, United Kingdom

Fabian Linzberger

Vienna, Austria

M

Maggie

Australia

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