Building houses

Fredrick

Maragua, Kenya

100% repaid

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

Hi. I have been constructing a house like I had said earlier. The project will cost Kshs 5 million once complete. I have had a lot of challenges with water. I wish to buy a 3,500 litre water tank for storage. This will ensure that construction does not stop when there is no water. I have already connected water from the Murang'a water company that supplies water twice a week. I need some facility to store the water until the next supply. The tank will cost approximately kshs 25,000. The pipes and taps pus labor and transport are likely to conume the other 10,000 shillings.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$348.00

Date disbursed

Apr 8, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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