Purchasing an electric diesel pump

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 am grateful for another chance of improving my livelihood in this platform. I wish to use this loan to purchase an electric diesel pump. I integrated selling diesel in my small kerosene shop and I manage to sell to tractors and lorries this commodity. The pump will cost 100000ksh(1098US dollars) The loan from Zidisha is 63215(695US dollars). the remaining amount(404 US dollars) will be from my little savings I have. The electric pump will improve efficiency and will also reduce wastage through spillage. I hope to increase my monthly revenues to ksh 40000(439US dollars).
Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$702.62

Date disbursed

Feb 10, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Lender interest: $702.62 at 5.17% annual rate over 8 months = $25.65

Service fee: $18.54

Lenders

C

CWS

Huntington beach, ca, United States

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

mbunifu

San Jose, United States

P

Philippe

Adliswil, Switzerland

L

lmuenchen

Munich, Germany

J

jozua

Delft, Netherlands

R

rcmssr

Woodbury, United States

Zidisha

Sterling, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

B

bopsquod

Seattle, Wa, United States

Cloudways

Malta, Malta

S

samuk

Nottingham, United Kingdom

Jouni

Finland

N

nanax005

SALEM, United States

ads68

Melbourne, Australia

U

UmSaeed

Southfield, United States

D

danjimerson

Hammondsport, United States

A

Aaron

Zurich, Switzerland

P

pignolet

zurich, Switzerland

E

eboleaga

Mexico City, Mexico

J

jerryq

Redding, United States

T

Tui1974

nuenen, Netherlands

A

Andy

Berlin, United States

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

VintageCalifornia

San Diego, United States

P

pastabox

New York, United States

Patnatros

New York, United States

M

Molly

Houston, TX, United States

D

d3witt

Cheyenne, United States

Bobrm2k3

Charleston, United States

C

collins75

Hawthorn, Australia

M

mgnyc

New York, United States

I

ianb723

ROCHESTER, United States

R

Rondo911

sherbrooke, Canada

ericacamille

Brooklyn, United States

Richard100

Santa Ana, United States

nmatpt

Lisboa, Portugal

P

prashant

SUNNYVALE, United States

H

hahahan

Melbourne, Australia

S

solarkismet

Logan, United States

Y

Yecats

New York, United States

M

mrsfit

Surrey. BC, Canada

B

Brian

Washington, DC, United States

A

amish

San Francisco, United States

James

Paris, France

C

CJAnderson

Sydney, Australia

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

ashleeandjeanelle

Auckland, New Zealand

P

Phoint

Zurich, Switzerland

N

Navigator

Alavus, Finland

larsandanika

Langen, Germany

K

Krish

Dubai, United Arab Emirates

PulsoJewelry

Los Angeles, United States

T

TedEBear

Sparks, United States

C

caldw142

Whanganui, New Zealand

S

Sclodfelter

Los Angeles, United States

Bill2073

Florida, United States

kivadoris

Vancouver, Washington, United States

J

jocke

Stockholm, United States

J

Justicar007

Longueuil, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

S

ScottEastman

Green Bay, United States

H

hokyplyr

Lincoln, United States

A

AndrewC

London, United Kingdom

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

P

Pavane

Kungsbacka, Sweden

W

wilma95

napa, United States

W

WidoStar

Bad Karlshafen, Germany

T

ThereIsNoGod

Singapore, Singapore

P

Pillango

Frankfurt, Germany

A

alettore

Schleinikon, Switzerland

M

Mikel

Buchs, Switzerland

A

andprosper

World Peace, United States

Mrdressup

Brisbane, Australia

90803

Long Beach, United States

Svetlana3k

Harvard, United States

JoaoManuel

Santiago Do Escoural, Portugal

H

happytrailsjpd

South Bend, United States

Evan Lamos

Brussels, Belgium

A

akshu71

Ottawa, Canada

R

RohitSingh

Montreal, Canada

TomF925

www.AfricaLeap.com, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

J

jenda

Czech Republic

L

Lender59

United States

mepster

San Francisco, Ca, United States

J

JonAlec

United States

K

kalalouann

United States

Bryan

Houston, United States

adrianz

United States

P

pdm083

United States

B

BigRosie

United States

KM

Kirsty M

United Kingdom

P

PC

United States

Robert

Sweden

Cathy

Melbourne, Australia

MW

Matt Willis

United States

The Bayiates Family

Chicago, IL, United States

Elizabeth McGee

Raleigh, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

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