Build an affordable apartment for rental
Richmond
Sunyani, Ghana
100% repaid
Entrepreneur
Name
Richmond
Member since
April 2015
On-time repayments
228 installments • 61%
About Me
I started school at Ridge Experimental and later changed to Good News Baptists where I completed my basic education. I started saving part of the money that was provided to me for transportation to school, to buy things that I needed and couldn't ask my mum since she didn't have much money. I started my bread business with the amount I had saved from my salary. Where I live, every body wishes to start something on their own, but the problem is the capital. I don't have children yet but when I marry and have kids I will teach them how to be good entrepreneurs. I have interest in basket ball.
My Business
My bread business is doing good in the market now. Now what I want to do is to complete a one bed room apartment that I have and rent it out. I have a dream to enter into Real Estate because the demand for single rooms and apartments are on the rise. The cost that I am currently incurring in the project are cost of cement, sand, water and labor. I am working as an accountant in a hotel so I will use part of my income to settle the loan weekly. The profits from this one bed room apartment will be reinvested in the bigger project that I will start after this one is completed.
Loan Proposal
This loan will be used for purchasing:
cement 178.72
Sand 388.98
water $13.15
and pay for labour $141.62
The loan will help me complete the project early. Without it I have to be saving towards the project, which makes the work difficult because prices are unstable.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$731.00
Date disbursed
Apr 29, 2016
Repayment status
On Time
Projected term
68 months
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