Initial start-up capital for a real-estate project

Isaiah Githaiga

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Isaiah Githaiga

Member since

September 2014

On-time repayments

394 installments  •  86%

About Me

Hello Lenders!

My Names are Isaiah Githaiga an accountant by profession. I hold a Bsc BA (USIU), MBA (UoN) and a CPA (K) Finalist. It has been a tough Journey which I have completed courtesy of my Family members and relatives who encouraged me never to give up despite the many financial challenges I faced.

Investing in education has helped me start an online business consultancy which runs via oDesk (Now Upwork) market place. I offer the following virtual services to various clients around the Globe:
* Income statement preparation from incomplete records.
* Bank reconciliations
* Accounts receivables and payable management.
* Payroll and payment processing
* Full bookkeeping services using Intuit Quick-books, Wave and Xero.
* Academic and Web research
* Data entry and analysis using Microsoft excel spreadsheets and SPSS
Currently I am serving ten clients who have extended a long term relationship. When I have too much workload I have an assistant who help me out in meeting clients’ deadlines.

The mission of the business is to grow and create employment for fresh university graduates and also teach them skills on how to successfully start an online business like mine. This will alleviate poverty and create a productive society. I have learnt to be successful online entrepreneur through the hard way and I believe with the experience I have gathered in the past few years, I can effectively teach the youth and impact on their life.

Thank you
Isaiah Githaiga

My Business

When I started my business in 2012, It was quite challenging and never thought I would succeed.On oDesk (Now Upwork) there is too much global competition from Contractors from all over the world.Cutting an niche requires dedication and commitment.I practice as a Virtual Accountant,currently serving clients from Canada,United States,Australia and Europe.

Offering quality services have enabled me to get repeat orders and thus I am usually busy throughout the year.

Loan Proposal

Hello Lenders!

I thank you all for the support accorded to our online business so far. It has been a great experience since we joined Zidisha. I shared the news about Zidisha to friends and relatives and they have started enjoying affordable financing from you. The previous loans have seen growth of our business in terms of profits through cost cutting and increased revenue per month. We would now like to use the profits to expand our business by Investing in the real estate sector.

To kick start this noble idea, we hereby apply for a fourth loan to raise capital for the start up costs. About five years ago my wife and I used our savings to buy 100*65 feet piece of land in a prime location in the outskirts of Nairobi city. In this land we want to erect rental apartments to supplement our online business income. The land has been idle since then due lack of capital to invest. To start on the project we require an architect plan, structural engineer plan, county government approval, change of user and environmental impact assessment approval.

The project has been inspired by the fact that there has been increase in middle class population working in the city and requires affordable and decent rental apartments. The cost of land and construction has increased and thus people now prefer to rent than buy houses. This project will create employment for young youths in the construction sector in our community.

Here is a breakdown of the preliminary expenses of the project.
1. Architect layout - $438.00
2. Structural engineer plan - $219.00
3. Change of user and environmental impact approval – $438.00
4. Public health and county government approval fees - $766.00
5. Bill of quantity - $328.00
Total costs - $ 2189.00

I have already engaged an architect and paid a deposit of $219.00, the drawing should be ready in a few weeks time. The balance of the funds will come from savings from our business. This is a long term project which we are anticipating to complete within the next ten years. The first phase will comprise of a three bed roomed for my family and 9 one bed roomed apartments; which when complete will generate passive income of about $1300 per month. The savings from the project will be reinvested in building more rental apartments. In short, the blueprint (our dream) of the project is a four storey apartment with 50 rental units generating before tax and expenses passive income of about $5,700.00 per month. The total cost of the project is estimated to be $820,000.00. We are planning to raise more capital from potential investors in exchange of controlling equity in the project. A proportion of net passive income will be used to pay dividends to investors and rest will be transferred to retained earnings for future investments.

A 1000 miles journey starts with a single footstep; we have just made the first step in realizing our dream. Thank you lenders and Zidisha community.

Regards
Isaiah Githaiga

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,239.08

Date disbursed

Mar 24, 2015

Repayment status

On Time

Projected term

76 months

Cost to entrepreneur

Service fee: $49.22

Lenders

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JB

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C

CWS

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B

bgalon

London, United Kingdom

E

Errol

Bradenton, FL, United States

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Berlin, Germany

R

rurumm

Muenchen, Germany

S

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Halle, Germany

A

alfredo

Bremen, Germany

H

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Bremen, Germany

C

Canlender1

Nanaimo, Canada

J

Jason

New Jersey, United States

S_Begay

Allston, United States

F

Fabrizio

Grottaferrata, Italy

M

Monarch84

Las Vegas, United States

zebby24

Ft.myers, United States

Dymero

Manchester, United States

H

Hans57

Berlin, Germany

G

Givemoreuseless

Waterloo, Canada

seabass

New York, United States

J

jra299

New York, United States

Archie

Rochester, United States

Eduardo

Langenthal, Switzerland

R

Raabo

Rungsted, Denmark

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

investor

Candiac, Canada

Z

zbuttel

Boston, United States

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

J

JonnyPrice

San Francisco, United States

H

hahaOz

Sydney, Australia

P

purina

Turku, Finland

mbunifu

San Jose, United States

P

Philippe

Adliswil, Switzerland

A

adwatson

Milan, MI, United States

BelleStarr

Albuquerque, United States

Joellen

Boulder, United States

José Antonio

Carapicuíba, Brazil

U

uBaJ41

Afton, United States

A

andyfletcher

I want my "My loans" page back, Qatar

C

ColinPlatt

Montgomery Village, United States

C

Cuddles

New Bern, United States

O

Oliver

Geneva, Switzerland

B

Bpryse

Long beach, United States

daibhmac

Luton, United Kingdom

lorrymac

Killough, United Kingdom

C

cgrumboski

Atlanta, United States

Tilius

Oslo, Norway

D

dallin1776

Blackfoot, United States

E

eruditio

Phoenix, United States

A

Anonymous

United States

J

JCampbell

Pasadena, United States

A

alender

Antwerp, Belgium

J

jozua

Delft, Netherlands

A

AlethiaLtd

Carlisle, United Kingdom

A

Amino

Ottawa, Canada

W

Withnail

Reading, United Kingdom

M

m_dennis

Toronto, Canada

Jurjen

Amsterdam, Netherlands

G

Gymeagary

Bangor, Australia

H

Hynek

Brussels, Belgium

T

tloureiro

Pfungstadt, Germany

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

J

Jacquinta

London, United Kingdom

Pere

Barcelona, Spain

Zidisha

Sterling, United States

A

aliasadsj

Queens, NY, United States

sebastienrosa

Quebec, Canada

G

guenter

Bremen, Germany

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

P

Purllyn

Dillon, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

4

42Theo

London, United Kingdom

andreas

St. Georgen / Gusen, Austria

E

Elisa

Espoo, Finland

C

chrisn

Egg, Switzerland

C

CrazyCanuck

Nepean, Canada

C

CheesemanDan

Shanghai, China

A

Alicee

Munich, Germany

R

RuthL

Ascot, United Kingdom

DoctorSnuggles

Lemmer, Netherlands

B

briansedz

Canton, Ohio, United States

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

AlexPalavas

Palavas les Flots, France

cattlebaron

Pierre, SD, United States

C

CharlyM

KL, Malaysia

A

Annana

Kanata, Canada

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

S

stevetanner

Geneva, Switzerland

D

DamoA

Wollstonecraft, Australia

M

missjoyy

Munich, Germany

Myrar

Aarau, Switzerland

K

KDeath

Dublin, Ireland

Susansfund

Colorado Springs, United States

T

toscoman

Adliswil, Switzerland

B

blue0green717

St-Lucien, Canada

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

P

Pelle

Ragusa, Italy

A

aiban

Austin, United States

Walter86

Napoli, Italy

clemenchiang

Singapore, Singapore

D

doinggood

Missoula, United States

A

Austrian

Graz, Austria

ShelbyDove

Los Angeles, United States

P

PhilACK

Brampton, Canada

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

E

elhanan

Columbus, United States

Matthew

New York, NY, United States

eastcoastcanuck

Fredericton, Canada

S

samuk

Nottingham, United Kingdom

I

Ilona

St Catharines, Canada

Jouni

Finland

L

lender

Dubuque, United States

W

Woodyrocks

London, United Kingdom

T

tuttifrutti

tulare, United States

T

tanio

Darmstadt, Germany

M

Mark

Melbourne, Australia

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

Cvmh88

Adelaide, Australia

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

P

pellm

Ashland, United States

B

BlitheTrouper

Denver, United States

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

C

creightonr

Buffalo, United States

T

ThomasGermany

Wuppertal, Germany

bryancain

Toluca Lake, United States

dhulsterwim

LIER, Belgium

U

UmSaeed

Southfield, United States

D

Dionne

Pembroke, Bermuda

swendl

Iowa, United States

J

josemrus

León, Spain

yorick

Springfield, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

Z

zblongladder

Somerville, United States

C

Casaderanas

Adelaide, Australia

J.Schindler

Heber, United States

D

djschin

Heber City, United States

D

DearbornJackson

Rockville, United States

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hivervan

watou, Belgium

OlyRhys

Olympia, United States

C

christina

Heber City, United States

rfriedenberg

New Jersey, United States

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landhalsema

Driebergen, Netherlands

foreverchanges

Krefeld, Germany

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vshafor

Carlsbad, United States

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jerryq

Redding, United States

VALEK

Canberra, Australia

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emtesenair

Charlotte, United States

D

drexeldragon

Tucson, United States

Eduard

Dnepr, Ukraine

J

jackieric

Folsom, CA, United States

Nhende

Portland, United States

P

PatB.

Alameda, CA, United States

HMS_5th_Grade

Honolulu, United States

B

boronat

Brussels, Belgium

L

LenderTrender

Freeville, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

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memorissima

milano, Italy

C

Cohoes

Albany, United States

Gordons28

Santa Monica, United States

G

Gwencalon

Garching b. Muenchen, Germany

J

javifdezsainz

Madrid, Spain

R

rmlyons78

Burlingame, United States

P

pastabox

New York, United States

nmatpt

Lisboa, Portugal

P

prashant

SUNNYVALE, United States

N

NLArjan

Leiden, Netherlands

A

amish

San Francisco, United States

Immanuel

Darwin, Australia

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

colochef

Montevideo, Uruguay

M

Marod

Edmonton, Canada

J

jasontoheal

Geraldton, Australia

claire.mcleland

Springfield, United States

N

Navigator

Alavus, Finland

K

Krish

Dubai, United Arab Emirates

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dpvidal

Eindhoven, Netherlands

F

Fritzimax

Pacific City, United States

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Odysseus

Auckland, New Zealand

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Serene

Philadelphia, United States

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jocke

Stockholm, United States

paulclinton

malaga, Spain

M

MichaelSmith

Dallas, United States

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WinWinNL

The Hague, Netherlands

A

anonalender

Hampshire, United Kingdom

3

381inc

Beverly HIlls, United States

Rena121

Sydney, Australia

S

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Kespu'kwitik, Canada

DainS

Peregian Beach, Australia

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

C

CTAustralia

Caboolture South, Australia

FriendinOregon

Hillsboro, Oregon, United States

mojobob

Hayward, United States

Sappetta

Bolzano, Italy

P

Pavane

Kungsbacka, Sweden

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wilma95

napa, United States

V

VegaMansk

Woerden, Netherlands

N

NickLuder

London, United Kingdom

A

Alaska

Roscommon, United States

ThorstenH

Bensheim, Germany

T

ThereIsNoGod

Singapore, Singapore

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LenoMetus

Perth, Australia

soniad

Dubai, United Arab Emirates

A

alettore

Schleinikon, Switzerland

M

Mikel

Buchs, Switzerland

Mrdressup

Brisbane, Australia

dmirpuri

Bangkok, Thailand

Svetlana3k

Harvard, United States

E

Esukken

Göteborg, Sweden

somuchjackson

Boston, United States

stroi08

Odense C, Denmark

E

Esseni

Cincinnati, United States

M

mallika

Laguna Niguel, United States

V

VeroCL

montevideo, Uruguay

C

Catch22

The Colony, United States

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jebediahFND

Oslo, Norway

Sodermansb

Raleigh, NC, United States

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rosebo

Bend, United States

Parkmobile

Fort Bragg, United States

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Gdrvasc

Frederick, United States

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sgunnink

Utrecht, Netherlands

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happytrailsjpd

South Bend, United States

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markus61

cologne, Germany

M

mibrahim51

Mountain View, United States

D

dolfan19

Boiling Springs, United States

G

GreenMoney

Lahr, Germany

F

frazier

rock springs, United States

T

Texikan

Fort Worth, United States

A

AandCfromCanada

Spruce Grove, Canada

C

chlevak

Stockholm, Sweden

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RohitSingh

Montreal, Canada

D

dj9812

United States

C

Csquared

United States

C

cindywu

United States

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oonbug

United States

E

elhh82

Petaling Jaya, Malaysia

pvilliger

Zurich, Switzerland

OP

Old People

Corona Del Mar, United States

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wiwillia

Milbrae, United States

M

Malibu

Westwood, United States

M

MirTemporal

Hyde Park, United States

Shemuel

New Jersey, United States

J

jake7705

Wilsonville, United States

Matching Fund

Sterling, United States

Arjan Geven

Vienna, Austria

K

Kramer91

Kamerik, Netherlands

D

drorm

United States

C

chrishol

United States

B

bovine

United States

M

Mcohan21

United States

Aaron85

Knoxville, United States

Jonas

Brussels, Belgium

J

juniormint

United States

camden01

Connecticut, United States

A

adiipienaar

South Africa

K

kmsaa

United States

meryn

The Hague, Netherlands

Paul Buchheit

Mountain View, United States

A

allie105

United States

D

DanielH

United States

R

retzroff

United States

T

tiojoca

Portugal

L

Lallarahiq

United States

A

ApolloK

United States

L

leftyoctober

Minneapolis, United States

A

annpaul

United States

S

sarah4d2

Saint Louis, United States

lajulajay

United States

L

LiquidHampster

United States

mepster

San Francisco, Ca, United States

M

Mikat

United States

P

PeterDG

United Kingdom

S

simonthompson99

United Kingdom

J

JonAlec

United States

D

Desteli

United States

martinw

Stockholm, Sweden

R

reganbrian

United States

T

Tim47

United States

M

Marielle

United States

H

Heath

United States

G

gvstars

United States

J

Joggele

Austria, Austria

R

Rajendra

Jamkhed 413201 Maharashtr, India

I

irela

United Kingdom

K

KendieK

United States

A

adamdreaming

United States

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

AKWatson3

Norwalk, United States

M

MSpainhoward

United States

E

ErinL

United States

P

Pinkhobgoblin

United Kingdom

B

brothasmith

United States

P

Pragathi

United States

Martin Ward

Leicester, United Kingdom

MZ

Morley Zhi

United States

RJ

Ryan J Cotton

United States

KM

Kirsty M

United Kingdom

VS

Vajean Stan

Mangalia, Czech Republic

Haim Si

Mexico, Mexico

Darcy

Ottawa, Canada

UD

Ulf D

Frankfurt am Main, Germany

CC

Catherine CatDesignz

Halifax, United Kingdom

MJ

Matt Jenkins

United Kingdom

BM

Brian Mickel

United States

Dave Bogard

New York, United States

Ben Triola

St. Louis, United States

A

Andreas

Munich, Germany

M

mmartin

United States

AL

Amy Luo

United States

Dylan

Ireland

Jerome

Switzerland

S

Steve

United States

MD

Mikey DiLalo

United States

nickle23

New York, United States

KH

Kaylee Howell

United States

Fabian Linzberger

Vienna, Austria

MW

Matt Willis

United States

Anna Hoad

Toronto, Canada

L

linda

United States

CW

Crystal Ward

United States

DS

DeDe Smith

United States

KD

Kesha DeVita

United States

KD

Kent Don

United States

LW

Lisa Wainwright

United Kingdom

M

Maggie

Australia

GN

Gabriel N

Switzerland

Paul Buchheit

Mountain View, United States

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