Building affordable rental homes

Nicholas Mungai

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nicholas Mungai

Member since

December 2016

On-time repayments

84 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 seek funds to get the phase II of my rental project kickstarted, after completion of my Phase I. I appreciate the support thus far, i must say that Zidisha has been bridging my financing gaps over the months. Thank you in advance.

Income Source

I am still permanently employed with a monthly salary, which provides the much needed assistance in loan repayments. Additionally, the first phase of my business is earning me an income which also serves to help me be in good standing with Zidisha.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$354.40

Date disbursed

Feb 3, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $16.61

Credit risk payment: $66.44

Lenders

dcorbetta

Carate Brianza, Italy

IM

Isak Maaseide

Tromso, Norway, Norway

JH

Joseph Hwang

Houston, United States

Donald Major

United States

T

TP

United States

DD

Dixie Davis

Kyle, United States

C

Chris

United Arab Emirates

MW

Mark Weir

United Kingdom

DK

Daniel Kalla

Saint Paul, United States

EG

Erik G

Switzerland

KM

Kirk Moore

Cerdanyola del Vallès, Spain

Sota Bookkeeping

Minneapolis, United States

SW

Scott Walker

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.

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