Water business

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

This loan am intending to buy one tank of water to add to already 2 tank that I have, then I buy watre from a lorry that will bring me 11,000, during this period January at my home area water shortage is real, by the time the rain cames on March I will be already prepared, and even after the rain the business will still continue, am expecting to sell 20 shillings for 20liters of water, during rain season I sell at 10 shilling because I wount be buying water then, it will be from rain water, I will happy if I qualified for this loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$683.32

Date disbursed

Jan 26, 2019

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $28.79

Credit risk payment: $172.75

Lenders

camilberlin

Berlin, Germany

JFais

Atlanta, United States

Dave Bogard

New York, United States

Jennifer

Berlin, Germany

Paul Smithson

Leeds, United Kingdom

Sinan Taifour

Munich, Germany, Germany

C

Campbell

New Zealand

Paul Buchheit

Mountain View, United States

sbdoc

Reno, United States

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