Benson Mungai

Kiptangwanyi, Kenya

18% repaid

Entrepreneur

Name

Benson Mungai

Member since

March 2012

On-time repayments

84 installments  •  24%

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

I am thankful to you lenders for allowing me to post another loan application on Zidisha website. I am doing well in my cereals business and the loans that I have been getting from zidisha have enabled me to improve my business alot. Nowadays I am able to purchase large quantities of cereals and this has been very good for the business. I will use this loan to purchase two motorcycles that will be very essential in transporting cereals from the interior to the shopping center.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,812.04

Date disbursed

Oct 16, 2013

Repayment status

Late

Projected term

69 months

Cost to entrepreneur

Lender interest: $2,812.04 at 8.98% annual rate over 69 months = $1,473.04

Service fee: $578.96

Lenders

V

vidarlil

Sandefjord, Norway

S

Snick

Halle, Germany

J

Jason

New Jersey, United States

EricDWalters

Rochester, Mn, Usa, United States

investor

Candiac, Canada

C

chkuo

Taipei, Taiwan

davelowe100

Perryville, United States

A

adwatson

Milan, MI, United States

B

Bpryse

Long beach, United States

E

Emerald

Pompano Beach, United States

JLadieu

Bellingham, United States

ErikN

Stockholm, Sweden

R

Rotterdammer

Rotterdam, Netherlands

evinpa

United States

Kjartan

Oslo, Norway

rickytherhino

Decatur, United States

P

PlutusNOR

Trondheim, Norway

L

ldron7

Utah, United States

A

anonymus

Moon, United States

sebastienrosa

Quebec, Canada

T

ToddK

Indianapolis, IN, USA, United States

Svenip

Vienna, Austria

MakeSense

-, St. Kitts and Nevis

M

mcmb002

Candiac, Canada

Crestwood

Hamburg, Germany

Infinityrush

Toronto, Canada

J

jjonas

berlin, Germany

B

Bavarian

Bavaria, Germany

russell

leicester, United Kingdom

F

florian

Mettmenstetten, Switzerland

indeh

London, United Kingdom

Pierfausto

Rome, Italy

M

missjoyy

Munich, Germany

Mannysgirl

Surrey, Canada

andreasol

Bielefeld, Germany

KM

British Columbia, Canada, Canada

R

RichardH

Manchester, United Kingdom

H

HildeK

Rogaland, Norway

SHRFamily

Vancouver, Canada

B

bopsquod

Seattle, Wa, United States

A

aiban

Austin, United States

mossuto

Milano, Italy

M

Mårten

Inden, Switzerland

AdvancingCompassion

San Diego, United States

J

JoeSolar

Virginia, United States

E

Eric

San Leandro, United States

B

Butters

San Jose, United States

mewesten

Waynesboro, United States

N

NicolaG

Mantova, Italy

S

sublibyss

East Lansing, United States

Cricketca

San Jose, United States

J

jeremysherwood1

Cocoa, Fl, United States

N

nba1999

Beijing, China

joaoferraz

RINCHOA, Portugal

RogierEpping

Amersfoort, Netherlands

W

Walter01

Kingston, Canada

D

Dealbert

Stockholm, Sweden

A

anagnan

BRUXELLES, Belgium

FriendinOregon

Hillsboro, Oregon, United States

Levi

United States

N

noname

Bergen, Norway

Sarasota

Sarasota, Fl, United States

G

granite

Stanford, United States

N

NickLuder

London, United Kingdom

S

Spelbreker

Zwijnaarde, Belgium

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

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