Building an affordable apartment for rental
Richmond
Sunyani, Ghana
8% 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
I want to use this loan to buy building materials and pay for labor work. The items will include Sand, Cement, water and cost of labor.
Sand = $180.00
Cement =$139.00
Water = $150.00
Labor = $160.00
This will help me complete my project so that I can make it ready for rental. There are potential tenants that are ready to rent the place but because its not ready they have to go and search at a different location. This loan, if granted will help me and potential tenants.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$483.00
Date disbursed
Apr 23, 2018
Repayment status
Late
Projected term
23 months
Other loans
Lenders
France
Neterlands Antilles
Germany
Summary
Amount repaid
$33.40
Amount remaining
$372.30
Expected completion
Apr 12, 2020
Status
Repaying late
Installment amount
$12.33
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 6, 2018 | $12.33 | May 7, 2018 | $12.33 |
| May 13, 2018 | $1.12 | Jul 5, 2018 | $1.12 |
| May 20, 2018 | $1.12 | Jul 5, 2018 | $1.12 |
| May 27, 2018 | $1.12 | Jul 5, 2018 | $1.12 |
| Jun 3, 2018 | $1.12 | Jul 5, 2018 | $1.12 |
| Jun 10, 2018 | $0.00 | ||
| Jun 17, 2018 | $0.00 | ||
| Jun 24, 2018 | $0.00 | ||
| Jul 1, 2018 | $0.00 | ||
| Jul 8, 2018 | $0.00 | ||
| Jul 15, 2018 | $0.00 | ||
| Jul 22, 2018 | $0.00 | ||
| Jul 29, 2018 | $0.00 | ||
| Aug 5, 2018 | $0.00 | ||
| Aug 12, 2018 | $0.00 | ||
| Aug 19, 2018 | $0.00 | ||
| Aug 26, 2018 | $0.00 | ||
| Sep 2, 2018 | $0.00 | ||
| Sep 9, 2018 | $0.00 | ||
| Sep 16, 2018 | $0.00 | ||
| Sep 23, 2018 | $0.00 | ||
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $0.00 | ||
| Oct 21, 2018 | $0.00 | ||
| Oct 28, 2018 | $0.00 | ||
| Nov 4, 2018 | $1.12 | Nov 12, 2018 | $1.12 |
| Nov 11, 2018 | $1.12 | Nov 12, 2018 | $1.12 |
| Nov 18, 2018 | $1.12 | Nov 12, 2018 | $1.12 |
| Nov 25, 2018 | $1.12 | Nov 12, 2018 | $1.12 |
| Dec 2, 2018 | $0.00 | ||
| Dec 9, 2018 | $0.00 | ||
| Dec 16, 2018 | $0.00 | ||
| Dec 23, 2018 | $0.00 | ||
| Dec 30, 2018 | $0.00 | ||
| Jan 6, 2019 | $0.00 | ||
| Jan 13, 2019 | $0.00 | ||
| Jan 20, 2019 | $0.00 | ||
| Jan 27, 2019 | $0.45 | Jan 22, 2019 | $0.45 |
| Feb 3, 2019 | $0.45 | Jan 22, 2019 | $0.45 |
| Feb 10, 2019 | $0.45 | Jan 22, 2019 | $0.45 |
| Feb 17, 2019 | $0.45 | Jan 22, 2019 | $0.45 |
| Feb 24, 2019 | $0.45 | Jan 22, 2019 | $0.45 |
| Mar 3, 2019 | $3.14 | Jan 22, 2019 | $3.14 |
| Mar 10, 2019 | $0.00 | ||
| Mar 17, 2019 | $0.00 | ||
| Mar 24, 2019 | $0.00 | ||
| Mar 31, 2019 | $0.00 | ||
| Apr 7, 2019 | $0.00 | ||
| Apr 14, 2019 | $0.00 | ||
| Apr 21, 2019 | $0.00 | ||
| Apr 28, 2019 | $0.00 | ||
| May 5, 2019 | $0.00 | ||
| May 12, 2019 | $0.00 | ||
| May 19, 2019 | $0.00 | ||
| May 26, 2019 | $0.00 | ||
| Jun 2, 2019 | $0.45 | May 31, 2019 | $0.45 |
| Jun 9, 2019 | $0.45 | May 31, 2019 | $0.45 |
| Jun 16, 2019 | $0.45 | May 31, 2019 | $0.45 |
| Jun 23, 2019 | $0.45 | May 31, 2019 | $0.45 |
| Jun 30, 2019 | $0.45 | May 31, 2019 | $0.45 |
| Jul 7, 2019 | $2.24 | May 31, 2019 | $2.24 |
| Jul 14, 2019 | $0.00 | ||
| Jul 21, 2019 | $0.00 | ||
| Jul 28, 2019 | $0.00 | ||
| Aug 4, 2019 | $0.00 | ||
| Aug 11, 2019 | $0.45 | Oct 19, 2019 | $0.45 |
| Aug 18, 2019 | $0.45 | Oct 19, 2019 | $0.45 |
| Aug 25, 2019 | $0.45 | Oct 19, 2019 | $0.45 |
| Sep 1, 2019 | $0.45 | Oct 19, 2019 | $0.45 |
| Sep 8, 2019 | $0.45 | Oct 19, 2019 | $0.45 |
| Sep 15, 2019 | $12.33 | ||
| Sep 22, 2019 | $12.33 | ||
| Sep 29, 2019 | $12.33 | ||
| Oct 6, 2019 | $12.33 | ||
| Oct 13, 2019 | $12.33 | ||
| Oct 20, 2019 | $12.33 | ||
| Oct 27, 2019 | $12.33 | ||
| Nov 3, 2019 | $12.33 | ||
| Nov 10, 2019 | $12.33 | ||
| Nov 17, 2019 | $12.33 | ||
| Nov 24, 2019 | $12.33 | ||
| Dec 1, 2019 | $12.33 | ||
| Dec 8, 2019 | $12.33 | ||
| Dec 15, 2019 | $12.33 | ||
| Dec 22, 2019 | $12.33 | ||
| Dec 29, 2019 | $12.33 | ||
| Jan 5, 2020 | $12.33 | ||
| Jan 12, 2020 | $12.33 | ||
| Jan 19, 2020 | $12.33 | ||
| Jan 26, 2020 | $12.33 | ||
| Feb 2, 2020 | $12.33 | ||
| Feb 9, 2020 | $12.33 | ||
| Feb 16, 2020 | $12.33 | ||
| Feb 23, 2020 | $12.33 | ||
| Mar 1, 2020 | $12.33 | ||
| Mar 8, 2020 | $12.33 | ||
| Mar 15, 2020 | $12.33 | ||
| Mar 22, 2020 | $12.33 | ||
| Mar 29, 2020 | $12.33 | ||
| Apr 5, 2020 | $12.33 | ||
| Apr 12, 2020 | $2.47 | ||
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