Loan for making blocks for building foundation

Nathaniel

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Nathaniel

Member since

December 2015

On-time repayments

267 installments  •  58%

About Me

I am Oduro Darko Nathaniel, 35 years of age i started my Basic Education at Calvary Temple A/G International School. growing up it was my dream to become a mechanical engineer but unfortunately couldn't become that because of financial handicap so i couldn't enter the senior High School the year i was suppose to, i have to change my program and read business Accounting because the school i attended the following year was not offering the program that will help me realise my dream. After Senior High i entered the polytechnic to study Accountancy with the passion for business even at the polytechnic i was into type setting and printing business, but upon completion of polytechnic getting a job was not an easy task but i did not give up i proceeded to do my degree at the University of Education Winneba upon completion it was still difficult to come by a job so i decided to establish something on my own. it is there i realized that the is accommodation problem in my country so decided to help solve that problem.

My Business

with Ghana housing deficit ration of 1.6 million as at June, 2015 means there is a lot of problem to be solve so i decided to research about that industry and i realised that all the estate agencies in the country are putting up two bedroom apartment going for a price of 119000 USD so i ask myself how many Ghanaians can afford that so i decided to do something that will cost less like a single room apartment targeting the low class in the society and instead of selling them i will rent them out. The idea was clear but the problem was money to start was the problem so i manage to get the land from the help i got from some family and friends now i have to mould blocks so upon hearing this opportunity it was like a dream about fulfilling . is my dream to re invest whatever i get from my first house into the same project replicating it through out Ghana. the cost of moulding one cement block is 2GHS and per the building plan i will be needing 7500 pcs of cement blocks.

Loan Proposal

thank you for your previous support which has help me mold 650 blocks. when this loan is granted to me am going do mold an additional 700 blocks making a total of 1350 cement blocks enough to start the foundation of the building which means gradually we will together be putting roof over the head of so many people at very affordable price. Thank you

My Videos

May 30, 2021: My zidisha

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$362.00

Date disbursed

Aug 5, 2016

Repayment status

On Time

Projected term

3 months

Lenders

Zidisha

Sterling, United States

Hedwich

Gorssel, Netherlands

dlpringle

Denver, United States

TomF925

www.AfricaLeap.com, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

B

bscent

Hong Kong

N

Nicole

Pittsburgh, United States

R

Rembrandt

United Kingdom

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

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

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Summary

Amount repaid

$380.30

Amount remaining

$0.00

Date repaid

Dec 2, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 12, 2016 $20.64 Aug 12, 2016 $20.64
Aug 19, 2016 $20.64 Aug 19, 2016 $20.64
Aug 26, 2016 $20.64 Aug 26, 2016 $20.64
Sep 2, 2016 $20.64 Sep 2, 2016 $20.64
Sep 9, 2016 $20.64 Sep 9, 2016 $20.64
Sep 16, 2016 $20.64 Sep 16, 2016 $20.64
Sep 23, 2016 $20.64 Sep 24, 2016 $20.64
Sep 30, 2016 $20.64 Oct 1, 2016 $20.64
Oct 7, 2016 $20.64 Oct 7, 2016 $20.64
Oct 14, 2016 $20.64 Oct 14, 2016 $20.64
Oct 21, 2016 $20.64 Oct 21, 2016 $20.64
Oct 28, 2016 $20.64 Oct 29, 2016 $20.64
Nov 4, 2016 $20.64 Nov 5, 2016 $20.64
Nov 11, 2016 $25.80 Nov 13, 2016 $25.80
Nov 18, 2016 $25.80 Nov 19, 2016 $25.80
Nov 25, 2016 $25.80 Nov 26, 2016 $25.80
Dec 2, 2016 $34.57 Dec 2, 2016 $34.57

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