Constructing buildings for grocery shop owners
Alfred
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Alfred
Member since
November 2015
On-time repayments
134 installments • 99%
About Me
Am first born of a family of five. Born, Raised and went to school in the city for pretty much of my education life. My dad was a civil servant, while mum was a house wife who passed on when i was still a child. Dad had to remarry again a housewife.By the time i was getting to college life my dads age of retirement had come and I have had to work extra to ensure all my siblings behind me get an education that will sustain them in future.
Am glad they have all achieved college education. It hasnt been easy though, it been trial here and there and loans here and there.
I have tried so many things, done juice business, opened a play station games shop for kids, tried sugarcane farming, now am into poultry, maize, and dairy farming things that i naturally love.
While my passion for agriculture remains, I have also bought land with intention to open shops as part of different revenue streams and assist me educate my siblings.
I have seen an opportunity in the uber/taxify/little cab business which i also want to try.
One of my unique hobbies is reading biographies of people who have made it from zero. I teach my children to think business, I would love for them to create opportunities and employ people.
My Business
Taxi business using phone apps ie uber/taxify/etc
My intended business is to join my car into the mobile taxi platform. I have purchased a vehicle engine 1.3 litres which i want to enrol into the uber business.
Am seeking loan
1. To fit in a tracker. (200 dollars)
2. To purchase alarm system. (200 dollars)
3. To purchase all year license. (200 dollars)
The average expected pay from daily collection is 20 dollars. Per month (25days) collection is 500 dollars.
Expenses include vehicle servicing - 100 dollars monthly.
Per year total collection 6000 dollars
Per year expenses; servicing-1200
Tyres- 600 dollars
Insurance 350 dollars
License renewal 200 dollar.
Expected income 3500-3800 dollar
This income should allow me complete stalled real estate projects, it would also allow me now focus on laying good foundation to my own family.
Looking forward to my patners support in this.
Loan Proposal
I have a piece of land acquired. I have a plan to set up 6 grocery shops for rental purposes and get revenue from it. The total amount to fully finish a single shop is 750 dollars, I have already invested 400 dollars. The intentionis to make the shops in phases, start with one and continue till the 6 are complete.The loan will assist me buy building materials and pay up for labour to finish up the buildings.
The expected monthly income from each shop is 50 dollars. Within 15 months I expect to have recuoped the initial investment. Eventually after the 6 shops are done, the monthly income shall be 300 dollars. Additionally the value of the land will grow tremendously.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$303.00
Date disbursed
Oct 23, 2016
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Italy
United Kingdom
United States
Basel, Switzerland
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