Building houses

Fredrick

Maragua, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Fredrick

Member since

January 2016

On-time repayments

62 installments • 100%

About Me

Tell your story in at least 300 characters
I was born 48 years back. My father did not fancy education. I was thus educated by my mother up to university. I did a lot of manual labor to raise college fees and upkeep.
I have always wanted to be independent. I thus started thinking of starting a small school. My people value education a lot. My daughter wants to become an engineer and I keep encouraging her a lot.
I enjoy watching movies. I can sit a whole day patiently watching a story unfold.

My Business

Describe your business or income source in at least 300 characters
Currently I provide accommodation. I give rooms and get some rent. Houses are in demand as people who come to work in the town I live need accommodation and a place to stay. It was easy to run as it does not involve me a lot. I intend to convert the rooms into a school once I raise the funds. Currently the costs are minimum apart from expansion. The tenants pau rent which is my revenue. I save and expand. I pay fees for children and meet my other life demands.

Loan Proposal

With the loan I will buy some sand which goes for kshs 9000 a lorry and pay cement at a hardware shop awaiting othe funds to commence work. I will there fore have offset expenses for the next phase of the building and wiil sleep easy.