Loan for buying construction equipment

Lameck

Keroka, Kenya

94% repaid

Entrepreneur

Name

Lameck

Member since

May 2017

On-time repayments

55 installments  •  80%

About Me

Hi, am Lameck Akama. I was born in a humble family hear in Keroka Gusii land. I went to Amabuko primary school, a public primary school near my home hear. After primary school I qualified and joined high school but my studies were cut short due to lack of funds. I then started working as a labourer for a construction company. I have since worked untill I have learnt the art of building and construction. I saved the money I got from my work and started building my own rental houses. It is hard for a man here to survive without a good job but am ggreatfull to God I made it. My first born son wants to be an Engineer and also talks about pastoring. My young daughter dreams of becoming a doctor. I spend my leisure time watching football.

My Business

I am building rental houses since the demand for houses hear in Keroka is increasing with the growth of the town. This will meet the peoples demand for proper housing. I chose this kind of business because of my knowledge and exposure to the building and construction industry. The cost of building is relatively high but I do it in bits so that the ones am done with are occupied to generate income for continuing with the construction. I use the profits to pay for my childrens school fee and to run my house budget. I am also left with some little which I re-invest in my project.

Loan Proposal

This loan will help me buy construction tools and equipment like spades which I can get at about $2 each. I am also looking foward to buy other equipment such as wheelbarrows and several other hand tools. This will help me in my construction work and my clients will also get the houses made on time to meet there housing demand. This will help me Increase my profits by almost half of what I earn at present.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$7.00

Date disbursed

May 21, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

Paul Buchheit

Mountain View, United States

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