I would like to build my loan profile as am new

Nicholas Mungai

Nairobi, Kenya

100% repaid



Nicholas Mungai

Member since

December 2016

On-time repayments

85 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

I would like a partner whom i can work with to house small and possibly middle income earners in Kenya. My business revolves around setting up of low-end housing units, on leased land belonging to families in ownership of large ancestral land patches that they cannot sell in the short term.

The lease periods run from 10 years to 15 years, and are all legally done to ensure there are no conflicts. I have my first 10 year lease agreement done, on a piece of land situated right in the middle of Uthiru shopping center.

Projected rental income per unit is averaged at Kes 5,000, and we plan to have 40 of those units on project completion. Net revenue is projected to average at Kes 170,000. I plan to use 50% of this revenue (Kes 85,000) to repay off my loan and the rest to build up capital for the next project.

I am looking to scale in the next couple of years, or sooner should an investor come on board. I am ready to share the elaborate business plan when the appropriate time comes.

It is for this reason that i seek for funds to get started off.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jan 11, 2017

Repayment status

On Time

Projected term

6 weeks



Sandy, Utah, United States



Livonia, Michigan, United States

Paul Buchheit

Mountain View, United States

Craig Newmark

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.

Please log in to comment.

  • Nicholas Mungai    Oct 22, 2022

    I have been able to finalize phase 2 of the project, comprising of finishing works for a rental property, painting and electrical works. Tenants already onboarded, thank you lenders for the support.

    Log in to reply • Share
  • Nicholas Mungai    Aug 17, 2022

    Business has been quite low on the backdrop of tensions from our national elections period. This is now past and we are looking forward to a positive business outlook for the remainder of the month of August.

    Log in to reply • Share
  • Nicholas Mungai    May 30, 2022

    Thank you for the loan lenders. Really appreciate you for funding my venture. God bless

    Log in to reply • Share
  • Nicholas Mungai    May 20, 2022

    Thank you for the loan, my premise will be ready for additional occupation thanks to you. God bless you all!

    Log in to reply • Share
  • Nicholas Mungai    May 17, 2022

    Attaching pictures of progress made so far, thank you investors for lending to support this venture.

    Log in to reply • Share
  • Joseph Kidali    May 16, 2022


    Log in to reply • Share
  • Nicholas Mungai    May 14, 2022

    Glad for the support. I was able to fix doors windows on my rental apartment. Also wired the place, occupancy already underway.

    Log in to reply • Share
  • Nicholas Mungai    Dec 16, 2021

    Thank you for the funding, much appreciated! This will go a long way in the project.
    God Bless

    Log in to reply • Share
  • Nicholas Mungai    Dec 7, 2021

    Thank you members for contributing to my project. Its time for action. God bless!

    Log in to reply • Share
  • Aaron Mackenzie    Dec 5, 2021

    Hizo nyumba naeza ona pia

    Log in to reply • Share
  • Agnes Chepkorir    Dec 5, 2021

    Please make sure that your business is running perfectly.

    Log in to reply • Share
  • Nicholas Mungai    Dec 5, 2021

    Progress photo of the top floor

    Log in to reply • Share
  • Nicholas Mungai    Dec 3, 2021

    The previous loan was used to finalize the finishing touches on a new block of houses, which was done successfully. We are heading to painting works, in the next few weeks.

    Log in to reply • Share
  • Nicholas Mungai    Nov 25, 2021

    Unforeseen project hiccups, an employee was injured necessitating medical interventions.

    Log in to reply • Share
  • Nicholas Mungai    Nov 11, 2021

    Unforeseen cash flow changes, owing to an emergency that arose.

    Log in to reply • Share
  • Nicholas Mungai    Sep 20, 2021

    Greetings. I confirm receipt of Kes 37500, thank you! This will help greatly to push my project forward.

    Log in to reply • Share
  • Nicholas Mungai    Sep 13, 2021

    Thanks lenders for the loan, much appreaciated.

    Log in to reply • Share
  • Nicholas Mungai    Sep 2, 2021

    Thank you lenders for advancing the loan, used towards procurement of door and windows for the premise. We are yet there, and hope to finalize this process so that plastering can commence. Thank you in advance.

    Log in to reply • Share
  • Nicholas Mungai    Aug 26, 2021

    Unforeseen medical expenses came up this week, I shall recover next week

    Log in to reply • Share
  • Nicholas Mungai    Jul 22, 2021

    I have a demise that has taken a toll on me this week. Kindly allow me to reschedule this week's payments. Thanks in advance

    Log in to reply • Share