Rental home construction

Nicholas Mungai

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nicholas Mungai

Member since

December 2016

On-time repayments

84 installments  •  94%

About Me

A highly determined and focused individual, who was brought up among five siblings through rather hard times in the rural area of Nakuru in Kenya. I did manage to go through school, excelling well to become a well experienced technocrat in IT, Business and Real Estate

My Business

I am currently employed, and still run side businesses in Real Estate, Fitness and Agriculture.

My Real estate business, involves construction and renting out of studios and single unit houses to low to medium income bracket. This business is capital intensive and hence my being here, to appeal to like-minded people to support me in this journey.

Loan Proposal

If awarded, all amounts of the loan will go towards finishing fittings on the newly constructed rentals spaces, before putting them into the market. The final touches have been delayed due to the ongoing COVID-19 pandemic.

I look forward to earning approximately Kes 100,000 from the said units, and using a good portion of this sum to repay my Zidisha loan.

This property will serve to accommodate many small-to-middle income Kenyans, in line with the government's initiative for affordable housing programmes.

Income Source

I will be able to supplement loan repayments from my salary since i am still formally employed. Thanks

Feedback

2

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.09

Date disbursed

Jun 24, 2020

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $16.61

Credit risk payment: $24.91

Lenders

BrassHat

Boston, United States

lietu

Tallinn, Estonia

KivaTom

Tillamook, Oregon, United States

F

FHult

Stockholm, Sweden

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

M

Moonknight

Østre Gausdal, Norway

M

martyb

United States

Z

zvrk2014

Brookline, MA, United States

B

bscent

Hong Kong

Lisbeth

Perth, Australia

K

Keith

Luxembourg

K

kennychit

United States

Kyle Hoback

Jersey City, NJ, United States

A

Alexander

Innsbruck, Austria

RB

Renee B

United States

Kate Courteau

United States

Lou Kaucic

Sanbornton, NH, United States

Richard

Shrewsbury, United Kingdom

E

erica

antwerpen, Belgium

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

HS

Harry Shulman

United States

M

Marc

Newcastle upon Tyne, United Kingdom

I

Ian

United Kingdom

Jennifer Weber

Canandaigua, Ny, United States

AF

Alysn Ford

United States

MH

Matt Harris

United States

C

cota

United States

John Prendiville

Portland, United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

J

John

United Kingdom

Carla

Amsterdam, Netherlands

F

Frits

Rotterdam, Netherlands

YK

Yonghwan Kim

Republic of Korea

JH

Joseph Hwang

Houston, United States

Helen and Denis

Global citizens, United States

John

United States

Ask Nicholas a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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