Construction of rental house and shops
Frank
Donholm Phase 8, Kenya
100% repaid
Entrepreneur
Name
Frank
Member since
January 2014
On-time repayments
141 installments • 71%
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
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$804.00
Date disbursed
Jun 18, 2016
Repayment status
On Time
Projected term
6 months
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