Hotel business

Oluwaseun

Ilorin, Nigeria

100% repaid

Entrepreneur

Name

Oluwaseun

Member since

January 2019

On-time repayments

22 installments  •  32%

About Me

I'm Oluwaseun who runs a hotel business in Ilorin, kwara state.Nigeria.I am a single man still in the late twenties. I stay in Ilorin and finished my degree and masters in Nigeria. I decided to take up a hotel business of my father since he can't handle it well due to his illness. I get paid from the business as salary and I also have a share in the profit. I have have about 4 staff under me also. I have a passion for hospitality business that's why I'm trying to take the hotel to another level.

My Business

A 19 room hotel business with a mini hall and bar. I want it to upgrade the hotel to be more equipped I have 10 rooms already in use. The remaining 9 rooms are not yet complete, it remains painting, fittings,furniture's and accessories. The bar is also not up to standard. Just waiting for capital to buy more refrigerator.

Loan Proposal

Like I did in the previous loan, I have eight more rooms to complete in the hotel. I will use the loan to complete another room. I have rooms that I am using for the hotel business that's where I get the repayment from pending when the remaining 9 rooms will be completed. With the loan, I should be able to buy cement,tiles and pay workmanship for the work to be carried out. I will screed the room, and complete the tiles in the bathroom and the room itself.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$86.00

Date disbursed

Jan 7, 2020

Repayment status

On Time

Projected term

6 weeks

Lenders

H

HJ

Switzerland

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Summary

Amount repaid

$86.16

Amount remaining

$0.00

Date repaid

Feb 8, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 19, 2020 $14.36 Jan 20, 2020 $14.36
Jan 26, 2020 $14.36 Jan 27, 2020 $14.36
Feb 2, 2020 $14.36 Feb 7, 2020 $14.36
Feb 9, 2020 $14.36 Feb 8, 2020 $14.36
Feb 16, 2020 $14.36 Feb 8, 2020 $14.36
Feb 23, 2020 $14.35 Feb 8, 2020 $14.35

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