Construction loan

Paul Mutie

Kasarani, Nairobi, Kenya, Kenya

100% repaid

Entrepreneur

Name

Paul Mutie

Member since

August 2014

On-time repayments

357 installments  •  87%

About Me

I am a 37 years old, married with two children. Professionally i am a Realtor and proprietor at Scopah Enterprises Limited. I was born and raised by struggling parents but they gave all their efforts to ensure that me and everyone in the family could enjoy the basic needs and education. I studied up to high school level for my parents could not afford to get me passed that but I did not give up. I found my way to Nairobi through a friend who housed me for several months before introducing me to this grate man, the late Gordon Nyabande, who taught me through the essentials of Real Estate and gave me a chance of working under him in his firm. During this period he saw my interest in this field and encouraged me to start classes. I am now a proud Diploma holder in Real Estate but my boss and the person who introduced me in this field did not live long enough to see how far I could go, he sadly passed on in September 2015 through cancer. Now, with over 15 years experience in Real estate market, i have decided that am ready to venture in this market and I have had progressive meetings with a friend in the same field and are in the final stages of registering our own company. My friend and partner to be has over 20 years experience in the field and our aim is to combine our efforts in developing our young firm with a target to becoming one of the leading real estate firms in Kenya by the next 10 years. I am a big fan of business documentaries and also a soccer lover. Besides I love exercising and reading news papers and magazines. It has been a long journey so far but am not giving up till I see myself up there with the best entrepreneurs!

My Business

Scopah Enterprises is my business that has been in operation for about 10 years now. In this business i deal with the fast moving consumer goods. I chose this kind of business after conducting a feasibility study over a period of six months which led me to concluding that this are basic goods and people will need them in their homes day in day out. The business initially generated monthly profit of about $500 but your first loan saw my profit go up by 8%. Your second funding of my project enable my profits grow with another 12% and your third lending grew my profit with about 16%. I am currently enjoying monthly profits of about $10,000 of which I spend $136 for rent, $150 I pay myself a salary, $140 I pay my wife who runs the business, $60 takes care of utility bills, $150 goes for savings and the rest goes for reinvestment in growing the business. During this period we have been in operation we have seen tremendous growth most which is all because of your funding.

Loan Proposal

I wish to borrow the above stated amount to help fund ongoing construction of my residential house. I wish to spend the amount in buying 50bags of cement for Kshs. 35,000.00 and the balance to partly buy some roofing materials. My target is to finalize the house by early next year so that my family and i can move in and do away with the rent expense.

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$548.35

Date disbursed

Nov 7, 2015

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $22.77

Lenders

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

mbunifu

San Jose, United States

DeanDropshot

Oslo, Norway

J

jozua

Delft, Netherlands

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

T

tmsaddress

Orlando, Florida, United States

D

Divergent

Bethesda, United States

IA

Ismini and Jerry

Stamford, USA, United States

J

jzidi

Los Angeles, United States

AdvancingCompassion

San Diego, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

N

NickLuder

London, United Kingdom

dmirpuri

Bangkok, Thailand

B

BMcDermott

Washington, DC, United States

E

E

Marin county, United States

C

Clben7

Cincinnati, United States

A

akshu71

Ottawa, Canada

Z

zvrk2014

Brookline, MA, United States

Matching Fund

Sterling, United States

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

bb4dogs

United States

S

salonasante

United States

mepster

San Francisco, Ca, United States

L

luckiestmonkey

United States

WiscoHorndog

United States

J

JonAlec

United States

S

satheajay

United States

A

adamdreaming

United States

Kyle Hoback

Jersey City, NJ, United States

D

djlayton4

United States

S

Stephan

Netherlands

Gab

Singapore

Dave Bogard

New York, United States

Kai

Nuremberg, Germany

jtreyes

United States

Max Lettenberger

Madison, WI, United States

KD

Kent Don

United States

JD

Jeff DePree

United States

F

Florian

Munich, Germany

BB

Ben Bellows

United States

R

Rembrandt

United Kingdom

wissam

Jeddah, Saudi Arabia

Heidy

N J, United States

AH

Alex Hodson

United States

Anonymous

Ocoee, United States

JG

James Greer

United States

DS

Dana Smith

United States

HS

Heather Sage

United States

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