Expansion of construction business

Edem Kwasi Senaya

Accra, Ghana

62% repaid

Entrepreneur

Name

Edem Kwasi Senaya

Location

Accra, Ghana

On-time repayments

226 weekly installments  •  93%

About Me

Senaya Edem Kwasi is my name. I am a Ghanaian and comes from Ho, in the Volta Region. I was brought up in the village until I was about 12 years old before my father brought me to the city to be educated. Thus, I started my education at the age of 12 years. I was a little matured for my class but have to cope. When I got to stage 5, my father asked me to stop schooling and learn fitting (Mechanic). He gave me two options as to whether I would want to become an apprentice mechanic or go to school and leave his house! I chose the latter and had to be on the streets working whilst having education on my mind. I did that for some time, gather some money and then travel to Benin in order to pursue more menial works. During this time, I have been saving judiciously so as to continue my education. 
I enrolled in a private school to complete my primary education after some periods of hardwork. I enrolled in stage 6. After completion of primary education, I then enrolled for Junior high school education which is three years in Ghana. The only way to work my way through is to be working whilst going to school and studies became very difficult because I am always tired at the end of the day. Luckily for me, I had a penpal from Canada who decided to sponsor my education and I had to study hard. I sat for the final exams in the second year, came out as the second best student and had admission to read science at the secondary school level. I had my secondary education at Mawuli Senior High School in Ho. 
I sat for the final exams which is the West African Secondary School Certificate Examinations and came out with a very good result which led to my gaining admission to the Kwame Nkrumah University of Science and Technology, in Kumasi to read Civil Engineering. 
Financial burdens at the university in the first year was very tough for me until I had a full scholarship. The scholarship was offered to me by Educational Pathways International (www.educationalpathwaysinternational.org) after I have applied and attended an interview. It made life a little easier for me and I had to study hard in order not to be taken off the scholarship. By God’s grace, I graduated from the University with a second class upper honors degree in Civil Engineering. I graduated from the university at the age of 28 years! I did the compulsory national service and have gotten a job with a Chinese company where I worked for about four months. 
I am a determined person and always pursue my dreams till the finish line. 
It has been my desire to make life a little easier and create opportunities for people around me. So with this in mind coupled with the high unemployment rate in Ghana, I have decided to form my own construction company. It has been duly registered and I have obtained license for operation last year. The name of my company is Conciv Engineering Limited. Conciv is currently in operation but on sub contract basis.

My Business

Conciv Engineering Limited (CEL) is a construction company formed in the year 2015. The main idea behind the formation of this firm is to provide employment to the many unemployed youth in Ghana and also bring relief to others by providing them with quality services at an affordable prices. 
The mission statement of CEL is : To become the number one construction and infrastructure development company in Ghana, a national player who safely, profitably and sustainably delivers best-in-class integrated services, products and solutions to meet our client’s needs.
The vision statement of CEL is: Bridging the infrastructural development gap between the rural and urban centers.
CEL intends to provide infrastructural development mainly to the rural and peri-urban areas of the country. Several of the rural areas in Ghana are faced with very challenging issues in terms of infrastructure and it breaks my heart when I travel out of the city and meet some of this developmental trail. To realize the vision of CEL of bridging the infrastructural development gap between the rural areas and the urban centres, CEL intends to and has begun carrying out research in rural areas about the infrastructure that is needed and how it will benefit the said community. 
Some of the communities visited do not have schools! The children therefore have to walk for long distances before getting access to education. It is interesting to know that, all these children with lack of these facilities compete with the children in the urban centres for the same examinations. The results coming from these rural folks is nothing to write home about and the least said about them the better. 
I know the value of education through my personal struggle to get myself educated. I therefore want to in my own way give others the same opportunity by providing them with these infrastructure.
After carrying out a research and coming out with a solution. CEL then carry out all the designs involved and the cost of providing that infrastructure. From there, then we raise funds from the public to carry out the construction. Most of these rural areas have big firms that are operating there such as the oil industry, mining industries amongst others. We intend getting in touch with them to provide funds for this development.
There are different sides of this coin! Doing this will create employment to others and also providing the community with something valuable. 
I believe that, the beginning of everything is not easy and there must be sacrifices. I therefore intend to use my salary from my current employment to repay this loan. It is difficult raising capital for a startup business but I am very confident to be able to raise capital through Zidisha in order to realize my dreams. 
CEL have bid for projects and have won a couple of them but do not have the pre-financing ability to finance it. I am optimistic that, I will be able to build a startup capital for my construction company through partnership with Zidisha lenders. 
You can look at some of our activities on facebook by liking our page just by typing Conciv Engineering Limited or using the handle @Conciv2015. 

Loan Proposal

I intend to use this loan to expand my construction business as well as support my farm plantation.
With the construction, I intend to use part of the loan to rent an office space and purchase a concrete mixer (A used one) with some other construction tools. These equipment and the other tools will be used to make work easier for me and also generate more profit as I will not be renting same.

With the farming, I intend to increase my farm sizes by adding more pineapple suckers as well as getting the necessary fertilizers as well as weedicides to maintain the farm.

Income Source

I have put measures in place in order to not default on my obligation to zidisha.

I generated income every week from the laundry. Part of it will be used to service the loan.

I currently have some construction contracts that are running which is generating funds to be able to service the loan.

My cassava is due for harvest in 2 months time. Proceeds from the sales may supplement my obligation to zidisha

Also, with the equipment I am hoping to purchase, I will put them up for rent so that when I am not using them I can generate an income from it.

Thank You.

Feedback

2

None

None

  • Margaret    Nov 4, 2019

    Perfect repayment!

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  • Chris    Mar 14, 2017

    I think money is in good hands at Edem. I will support him again without a doubt! Good Look in future!

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    • Edem Kwasi Senaya    Mar 14, 2017

      Thank You very much Chris! You've been good to be in my last loan when you single handedly financed it. I promise to be on time with the repayment of this current loan am seeking. Zidisha is been of a great help to me since I have the chance to decide on how much I pay and also I do not pay interest on the loans given. I just have the responsibility of making sure I repay everything back on schedule. I am also hopeful that I will get more ideas from you about how to run my firm successfully. I am happy to see a lot of people supporting this my current campaign. God bless you all.

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      • Chris    Mar 15, 2017

        Im from the Business... ask what ever you need to know :-) Would love to share knowledge!

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        • Edem Kwasi Senaya    Mar 28, 2017

          Thank You Chris! I will bring up all my questions and new businesses I will love to venture into and how I want to go about it for your advice. Thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,643.40

Date disbursed

Mar 31, 2021

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: $115.40

Credit risk payment: $462.06

Lenders

EricDWalters

Rochester, Mn, Usa, United States

lucafrangi

Vienna, Austria

R

Raabo

Rungsted, Denmark

tycho

Madison, WI, United States

AltruisticSelfishnes

Chicago, United States

Charmonica

London, United Kingdom

F

Forba

Mo i Rana, Norway

MarktheMormon

Sandy, Utah, United States

T

Tallago3

Munich, Germany

AF

a f

washington, United States

S

Steveandson

Arlington, United States

P

PeaceandLove

Morro Bay, United States

C

chrisherron

Chicago, United States

S

stevetanner

Geneva, Switzerland

Myrar

Aarau, Switzerland

D

Divergent

Bethesda, United States

Erica

Caledon, Canada

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

Paul and Rachel

London, United Kingdom

B

bileiro

Mandaluyong, Philippines

Ingela

Falun, Sweden

IM

Isak Maaseide

Tromso, Norway, Norway

D

dweiner

Madison, United States

fairspirit

Utrecht, Netherlands

S

SheilaB

Nashville, United States

Patrick

Berlin, Germany

G

Goldrivermob

Gold River, Canada

M

miriamg

Toronto, Canada

A

AndrewC

London, United Kingdom

O

Ohio

Ohio, United States

ibc123

Seattle, United States

Freewolf

Salt Lake City, United States

mikeice

Kohler, United States

I

Iamzwolf

Middletown, United States

sderickson

Berkeley, CA, United States

N

nguyenlapq

United States

pvilliger

Zurich, Switzerland

R

robcarslake

London, United Kingdom

B

bugdaniel

Switzerland

chriseyre

Fremont, Ca, United States

B

bscent

Hong Kong

Vesa

Helsinki, Finland

Z

zidscott

United States

Peter R

Fulda, Germany

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

Robert

Sweden

Laurie

United States

JC

JD Conley

United States

KD

Kent Don

United States

AF

Alysn Ford

United States

ME

Manaal Eisa

Washington DC, United States

Emma

Australia

Isabella

UK, United Kingdom

N

Nick

United States

Aran Dunlop

United States

wissam

Jeddah, Saudi Arabia

Paul Smithson

Leeds, United Kingdom

P

Peter

Bratislava, Slovakia

D

Dermo

Dublin, Ireland

I

isaac

United Kingdom

RC

Rudi Chen

United States

roark22

Geneva, Switzerland

Ed

Howells, United States

Ren

Minneapolis/StPaul, United States

Geoguillot

California, United States

SM

Sue MacFarlane

United Kingdom

Vratik Krocik

Prague, Czech Republic

HCPSPIRIT

Helsinki, Finland

M

Marco

Napoli (Italy), Germany

JH

Joseph Hwang

Houston, United States

D

Dave

Dropmore, Manitoba, Canada

L

Liam

New Zealand

E

Eric

Canada

Jane

Ontario, Canada

Darren Jeppson

Denver, Colorado, United States

Raoul

Germany

LM

Lee Montecucco

Washington State, United States

Joshi

United States

Peter Collins

Darmstadt, Germany

Andrew

United States

M

MaggieK

United States

JD

Jill Dempsey

United States

Kevin Kong

San Francisco, CA, United States

C

Chris

United Arab Emirates

AN

Alex N

Australia

Sayuri

United Kingdom

D

Dan

Australia

RT

Ravi Taxali

Markham, Canada

R

Ru

New York, United States

MW

Mark Weir

United Kingdom

J

Jeremy

United States

GR

Gabe Radovsky

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

JI

James Innes

United Kingdom

A

Anonymous

United States

Edwin Torres

Santa Ana, Calif., United States

M

M

United States

B

Bharat

Princeton, United States

DD

Diego Donoso

United States

G

Gabe

United States

CC

Chris Cione

United States

RA

Ray and Abram

Melbourne, Australia

B

Berend

Netherlands

ZA

Zachary Allen

United States

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