Funds need to repair plumbing for apartment to rent

Chima Ogbonna

Adabraka, Ghana

100% repaid

Entrepreneur

Name

Chima Ogbonna

Location

Adabraka, Ghana

On-time repayments

173 weekly installments  •  78%

About Me

My name is Ogbonna Chima, I had a humble beginning growing up
with my siblings. I developed a love for computers at a very young age and used that love to develop myself.
While developing myself I learnt to be disciplined and prudent which came as a result of a 2 years missionary service for the church of Jesus Christ of Latter day Saints.
After my service, I started business and after saving up Ghc 2500, I used the money to open my office and started operating till date. With my keen interest in IT and good money management skills I have been able to grow this business to a profitable one.

My Business

I have an apartment I will be renting out. I will be doing renovation work so that it can be ready for a tenant.

Loan Proposal

I have an apartment I will be renting out to the public. To make it ready for rent, I need to install a toilet and plumbing.
Toilet cost Ghs 390 X2 =Ghs 780
Pipes and fittings cost Ghs 1312
Workmanship cost Ghs 600
Transportation cost Ghs 150
Total cost: Ghs 2842
I currently have raised Ghs 1000 and will need Ghs 1842 to finish up the renovation.
I plan to rent it Ghs 200 X2 = Ghs 400 a month which will enable me to pay up the cost quickly

Income Source

Accommodation is scarce in my area and many tenants are looking for good apartment to rent.
Once the renovation work is complete, a lot of agents will be ready to bring tenants to view the place and make rent payments.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.46

Date disbursed

Apr 24, 2020

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $26.87

Credit risk payment: $59.33

Optional expediting fee: $26.87

Lenders

M

mblue0953

United States

A

Anninymouse

Southampton, United Kingdom

Charmonica

London, United Kingdom

G D Export

Kolkata, India

B

Bavarian

Bavaria, Germany

Cloudways

Malta, Malta

Christopher

Copenhagen, Denmark

G

Goldrivermob

Gold River, Canada

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

Paul Buchheit

Mountain View, United States

JR

Jose Ramirez

World, Spain

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