Construction of rental house and shops
Frank Mutuma
Donholm Phase 8, Kenya
100% repaid
Entrepreneur
Name
Frank Mutuma
Member since
January 2014
On-time repayments
138 installments • 72%
About Me
I am 38yrs old, Kenyan citizen, first born in a family of four, I hold a Diploma in IT. Am from Meru county but I reside in Donholm. Am employed by KPLC. am married and expecting first early next year.
My Business
I got a space within Donholm where i live to setup a car wash. Happy i the got and its a great venture because its within residential area where there so many cars due to high population living around. I will be charging $1.50 per car and lorry $5,will have 3 employees, 1 washing machine and will install cctv cameras to monitor number of cars come and go when am at my normal work. with $700 dollars am able to setup and start running in a 1 week. i have $150 with me. investors i need to raise the balance to achieve my goal. i target to clean at least 20 vehicles in a day hence i will be able to repay my loan without much struggle every week.
Loan Proposal
I would like to construct 6simple single rooms for rental at $50 each and 7 shops for rental at $30 each per month respectively. In a month i will be earning a total of $510 per month hence i will be able to repay the loan without struggle.
i will build my financial freedom, clear my school fees till November this year and my bother who is in university till 2018. i would like to start giving back to community where by i will educate a boy and a gal from my village who lack school fees and they are bright kids.
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$804.00
Date disbursed
Jun 18, 2016
Repayment status
On Time
Projected term
6 months
Cost to entrepreneur
Service fee: $33.08
Frank opted to pay
$141.18 into the Zidisha Members
Loan Fund in return for a
higher starting credit limit.
Other loans
Lenders
Hong Kong, Hong Kong
Rostock, Germany
Göteborg, Sweden
46244 Bottrop, Germany
Anaheim, United States
Boston, United States
Colorado Springs, United States
Austin, United States
Berkeley, United States
Shanghai, China
utrecht, Netherlands
San Jose, United States
United States
Australia
Canada
Mexico
Brazil
United Kingdom
Groningen, Netherlands
Germany
Halifax, United Kingdom
Brisbane, Australia
United States
United States
United States
Germany
United States
United States
Ask Frank a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...