Buy land to build rooms for rent

Alex Tsuma

Mombasa, Kenya

11% repaid

Entrepreneur

Name

Alex Tsuma

Member since

August 2016

On-time repayments

246 installments  •  44%

About Me

Alex Lewa Tsuma was born in Tana River County in Kenya in a family of three, Him and His two sisters.He is the first born, they were raised by their single mother who used to sell dried fish in the local marked to raise us and pay school fees. I managed to do well in primary school and joined secondary school. My mother used to source for fund rising from friends and relatives to raise the cost of my High school fees. After high school, I relocated to Mombasa to look for manual jobs to assist my mother in raising and educating my sisters. In Mombasa, thats where I fall in love with music. I invested the money got from doing jigs and bought my music recording equipments and studied music production. The land in Mombasa is awesome because of the nice beach and delicious Swahili food. I am so far blessed with two children who are still young i.e ages three and five. My hobby is recording artists in my studio which is also my job.

My Business

Dear Lenders and the entire Zidisha family, I take this opportunity to thank you all for your contribution towards my first and second loan. I used my first loan to buy a new earphone for my music recording studio which has much improved now and business is moving in the best manner. I used the second loan to construct my family house for our own residing. I thank you so much because this was my goal for a very long time and you made me realise it. I am proud of you all for making my life and that of my family worthy living. I have seen a great potential in the Housing industry because they are on a very high demand in this area. I have already located a piece of land just adjacent to my house that the owner is ready and willing to sell to me. The land measures 40*60 feet and is going at $ 850. If I manage to acqure this land I will build some semi-permanent rooms for rent. I will start with 6 rooms where I will rent at $ 15 each which will make me $ 90 each month.
Dear Lenders, kindly help by funding this loan so as you enable me purchase this piece of land and therefore start the journey of contributing to providing cheap housing to my society. I thank you all for your help.

Loan Proposal

Describe what you will do with the loan.
As I have stablised my Recording Studio and constructed my house, I wish to buy more land which is near my place. I plan to build residential rooms for rent since housing is a good business here because they are on a high demand. Kindly assist me realise this as it will help my society.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$869.69

Date disbursed

Jun 7, 2017

Repayment status

Late

Projected term

50 months

Cost to entrepreneur

Service fee: $36.54

Lenders

pentatonicscale

Niiza-shi, Japan

T

Taupe

Balzers, Liechtenstein

ibc123

Seattle, United States

B

BobSloss

United States

B

bscent

Hong Kong

Lukas Petereit

Frankfurt, Germany

LJ

United States

PG

Paul Graham

United States

N

Nick

United States

Stephan W

Witten, Germany

roark22

Geneva, Switzerland

Jes-c

United States

E

Elle

New York, United States

Ren

Minneapolis/StPaul, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

KN

Kevin N

Cleveland, Ohio, United States

BS

Brooke Schreier Ganz

Mill Valley, California, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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  • Alex Tsuma    Apr 14, 2022

    Just saying hello and wishing you well. I am doing fine and recovering from the pandemic. it has really been challenging.

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  • Alex Tsuma    Jul 18, 2021

    Dear Lenders, life has really been unbearable due to financial constraint however, as soon as my financial situation gets better, I will resume my repayment.

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  • Madesto Waswa    Apr 4, 2021

    I called tauma and he promised to pay the dues by 3rd may

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  • Madesto Waswa    Mar 3, 2021

    i called alex and he promised to pay the dues by the end of this month.

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  • Alex Tsuma    Jan 22, 2021

    Adjusted.

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  • Alex Tsuma    Dec 7, 2020

    Kindly accept my reduced installment amount for the next 5 installments as I arrange my financials. Thank you.

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  • Alex Tsuma    Aug 24, 2020

    All this is courtesy of Zidisha.. Much Thanks to my Lenders..

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  • Alex Tsuma    Aug 24, 2020

    Photo

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  • Alex Tsuma    Aug 24, 2020

    Photo of my house under construction.

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  • Alex Tsuma    Aug 24, 2020

    My house

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  • Alex Tsuma    Aug 24, 2020

    Still Proceeding with the vision.

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  • Alex Tsuma    Aug 11, 2020

    My dear Lenders. I am now fully back with my repayments. You are all great people with humble Hearts. I thank you so much for your patience as I underwent my most difficult financial period.. Be blessed..

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  • Alex Tsuma    Jul 15, 2020

    Due to my financial challenges, please accept my reduced installment for the next five weeks as I organize for finances.

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  • Alex Tsuma    Mar 14, 2019

    Dear Lenders, I hope you are all doing fine. I thank you all for the patience you had on me. I really wanted to be on track with my repayments but due to a lot of challenges since late last year, I could not. My current payment which is due is ksh 2700 which. I am paying it and promises to be in track on the next repayments. I also had traveled to the village where there is no network coverage, I am now back in town. Thanks in advance for your understanding.

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  • Fitri Fauziyah    Jun 27, 2018

    Hi, Alex,
    I think you are the one who send message to my discussion page, I saw your trace on my page. I don't know why your message still doesn't pass zidisha staff approval. And if this message also doesn't pass Zidisha staff approval, at least you will get my message on your email.
    Alhamdulillah, Indonesia seem fine right now. It just yesterday we have almost each regional election in harmony, I hope this situation will remain till next year when Indonesia president election. We just starting coming back from Eid Fitri holiday, school doesn't start yet, probably next week. But my organization have a lot of to catching up for regional competition and national competition as we become the host of the national competition this September.

    I wish I can send you some Indonesia rice. My first brother in-law is farmer in my home town, he live in country side. I'm living in the city, Surabaya is the second big city in Indonesia after Jakarta, the capital city of Indonesia.
    In Indonesia there is saying that we don't count have eaten yet if we haven't eat rice, even though the person have eaten meatball, chicken satay, salad etc. Weird right, but that term doesn't apply to me. I rarely eat rice.

    I hope you and your Family are fine and happy there. Good luck for your farm and your business. Thanks for your warm greeting.

    Your friend in Indonesia.
    Fitri

    Translated by Google     Show original

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    • Alex Tsuma    Jul 6, 2018

      It sounds fantastic Fitri. Kenya is nice too, I really love travelling and how I wish I could visit there. I have a friend who did his agricultural degree there and his stories of him while in Indonesia are really good. However, I pray that one day i will visit and meet the hospitable people from your country. Thanks for your reply and i wish you and your family good health.

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  • Alex Tsuma    Jun 12, 2018

    Dear Lenders, its been a while since I said Jambo.. I hope you are all doing fine. My family and I are doing great too. Thank you so much.

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  • Alex Tsuma    Feb 7, 2018

    Greeting Team Zidisha, I am humbled to be associated with this great team. It is a honor to be in this family.

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  • Alex Tsuma    Jan 26, 2018

    Things are now perfectly in order. I am looking forward to clear my loan soon. Thanks all for your continued support and Trust in me. I wish you all the best with your loved ones, cheers !!

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