241 installments • 91%
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.
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.
Thank you lenders for offering me another opportunity to post a loan on Zidisha website.
I have been able to improve my business well with the first loan and it has been of great help. I wish to use the third loan that I will get to buy more fuel that I supply using my kerosene pump.Thank you very much for the support that you have offered me.
Dec 1, 2013
Cost to entrepreneur
Lender interest: $495.80 at 9.68% annual rate over 12 months = $49.73
Service fee: $18.14