Invited By: Cornelius Nartey
Invited Members: 2 View
Volunteer Mentor For
2 other members
Lender Interest: $50.01 at 0.81% annual rate over 4 months = $0.17
Service Fee: $50.01 at 5% annual rate over 4 months = $1.02
Total Loan Cost:
$0.17 + $1.02 = $1.19
Evans may withdraw the Members Loan Fund deposit at any time, as long as all outstanding loan amounts are repaid to lenders.
These costs are only paid once and entitle Evans to raise an unlimited number of loans at zero interest.
I am a young man of 33 years. I completed Tema Technical Institute in 2004 and obtained a City and Guilds Certificate in Block Laying and Concreting.
Since then I have been working on contract basis as a mason on building projects.
On a typical day, I often wake up around 5:00 am to catch the first bus going to my work site. If it is
located far away I prefer to lodge on site for the rest of week, to reduce transport costs.
Currently, I am working on starting a cement sale business as an additional occupation.
My dream is to start a cement shop business and later block molding. The latter would require heavier investment so that is for the long-term.
A man I once worked for gifted to me his unused container. I intend to refurbish this for my cement shop business. This would help augment my income and make me a business owner.
Currently, I need to weld, screed and roof the container and get it ready for this business. When given a loan, I would use it for these preparatory works.
The source of income that will be used to repay the loan will come from my masonry work.
I would use the loan to start the preparatory works needed for my planned cement shop.
Currently, I need to weld, screed and roof my cement shop container and get it ready for business. I would use this loan to pay for welding costs. There are a few rusts and cracks that need to be fixed on the body of the container to make it more secure. I have spoken to a Welder located in my neighborhood and he has assured that he can do this job perfectly.