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

Ask Alex 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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Summary

Amount repaid

$95.91

Amount remaining

$773.78

Expected completion

Jul 25, 2021

Status

Repaying late

Installment amount

$11.15

Repayment History

Expected Payments Actual Payments
Jun 18, 2017 $9.88 Jun 7, 2017 $9.88
Jun 25, 2017 $0.99 Jun 27, 2017 $0.99
Jul 2, 2017 $0.99 Jun 27, 2017 $0.99
Jul 9, 2017 $0.99 Jun 27, 2017 $0.99
Jul 16, 2017 $0.99 Jun 27, 2017 $0.99
Jul 23, 2017 $0.99 Jun 27, 2017 $0.99
Jul 30, 2017 $0.99 Jun 27, 2017 $0.99
Aug 6, 2017 $0.99 Jun 27, 2017 $0.99
Aug 13, 2017 $0.99 Jun 27, 2017 $0.99
Aug 20, 2017 $0.99 Jun 27, 2017 $0.99
Aug 27, 2017 $0.99 Jun 27, 2017 $0.99
Sep 3, 2017 $0.99 Sep 5, 2017 $0.99
Sep 10, 2017 $0.99 Sep 22, 2017 $0.99
Sep 17, 2017 $0.99 Sep 22, 2017 $0.99
Sep 24, 2017 $0.99 Sep 28, 2017 $0.99
Oct 1, 2017 $0.99 Oct 11, 2017 $0.99
Oct 8, 2017 $0.99 Oct 19, 2017 $0.99
Oct 15, 2017 $0.99 Oct 24, 2017 $0.99
Oct 22, 2017 $0.99 Oct 28, 2017 $0.99
Oct 29, 2017 $0.99 Nov 16, 2017 $0.99
Nov 5, 2017 $0.99 Nov 16, 2017 $0.99
Nov 12, 2017 $0.99 Nov 16, 2017 $0.99
Nov 19, 2017 $0.99 Nov 29, 2017 $0.99
Nov 26, 2017 $0.99 Dec 14, 2017 $0.99
Dec 3, 2017 $0.99 Dec 14, 2017 $0.99
Dec 10, 2017 $0.99 Dec 14, 2017 $0.99
Dec 17, 2017 $0.99 Dec 21, 2017 $0.99
Dec 24, 2017 $0.99 Dec 29, 2017 $0.99
Dec 31, 2017 $0.99 Jan 10, 2018 $0.99
Jan 7, 2018 $0.99 Jan 20, 2018 $0.99
Jan 14, 2018 $0.99 Jan 20, 2018 $0.99
Jan 21, 2018 $0.99 Jan 27, 2018 $0.99
Jan 28, 2018 $0.99 Jan 27, 2018 $0.99
Feb 4, 2018 $0.99 Feb 9, 2018 $0.99
Feb 11, 2018 $0.99 Feb 17, 2018 $0.99
Feb 18, 2018 $0.99 Feb 23, 2018 $0.99
Feb 25, 2018 $0.99 Feb 28, 2018 $0.99
Mar 4, 2018 $0.99 Mar 9, 2018 $0.99
Mar 11, 2018 $0.99 Mar 14, 2018 $0.99
Mar 18, 2018 $0.99 Mar 21, 2018 $0.99
Mar 25, 2018 $0.99 Mar 21, 2018 $0.99
Apr 1, 2018 $0.99 Mar 30, 2018 $0.99
Apr 8, 2018 $0.99 Apr 13, 2018 $0.99
Apr 15, 2018 $0.99 Apr 20, 2018 $0.99
Apr 22, 2018 $0.99 Apr 27, 2018 $0.99
Apr 29, 2018 $0.99 May 3, 2018 $0.99
May 6, 2018 $0.99 May 18, 2018 $0.99
May 13, 2018 $0.99 May 26, 2018 $0.99
May 20, 2018 $0.99 May 26, 2018 $0.99
May 27, 2018 $0.99 May 26, 2018 $0.99
Jun 3, 2018 $0.99 Jun 6, 2018 $0.99
Jun 10, 2018 $0.99 Jun 9, 2018 $0.99
Jun 17, 2018 $0.99 Jun 18, 2018 $0.99
Jun 24, 2018 $0.99 Jun 25, 2018 $0.99
Jul 1, 2018 $0.99 Jul 3, 2018 $0.99
Jul 8, 2018 $0.99 Jul 14, 2018 $0.99
Jul 15, 2018 $0.99 Jul 21, 2018 $0.99
Jul 22, 2018 $0.99 Jul 21, 2018 $0.99
Jul 29, 2018 $0.99 Jul 27, 2018 $0.99
Aug 5, 2018 $0.99 Aug 17, 2018 $0.99
Aug 12, 2018 $0.99 Aug 25, 2018 $0.99
Aug 19, 2018 $0.99 Sep 1, 2018 $0.99
Aug 26, 2018 $0.99 Sep 17, 2018 $0.99
Sep 2, 2018 $0.99 Sep 17, 2018 $0.99
Sep 9, 2018 $0.49 Jul 15, 2020 $0.49
Sep 16, 2018 $0.00
Sep 23, 2018 $0.00
Sep 30, 2018 $0.00
Oct 7, 2018 $0.00
Oct 14, 2018 $0.00
Oct 21, 2018 $0.00
Oct 28, 2018 $0.00
Nov 4, 2018 $0.00
Nov 11, 2018 $0.00
Nov 18, 2018 $0.00
Nov 25, 2018 $0.00
Dec 2, 2018 $0.00
Dec 9, 2018 $0.00
Dec 16, 2018 $0.00
Dec 23, 2018 $0.00
Dec 30, 2018 $0.00
Jan 6, 2019 $0.00
Jan 13, 2019 $0.00
Jan 20, 2019 $0.00
Jan 27, 2019 $0.00
Feb 3, 2019 $0.00
Feb 10, 2019 $0.00
Feb 17, 2019 $0.00
Feb 24, 2019 $0.00
Mar 3, 2019 $0.00
Mar 10, 2019 $0.00
Mar 17, 2019 $0.00
Mar 24, 2019 $0.00
Mar 31, 2019 $0.00
Apr 7, 2019 $0.00
Apr 14, 2019 $0.00
Apr 21, 2019 $0.00
Apr 28, 2019 $0.00
May 5, 2019 $0.00
May 12, 2019 $0.00
May 19, 2019 $0.00
May 26, 2019 $0.00
Jun 2, 2019 $0.00
Jun 9, 2019 $0.00
Jun 16, 2019 $0.00
Jun 23, 2019 $0.00
Jun 30, 2019 $0.00
Jul 7, 2019 $0.00
Jul 14, 2019 $0.00
Jul 21, 2019 $0.00
Jul 28, 2019 $0.00
Aug 4, 2019 $0.00
Aug 11, 2019 $0.00
Aug 18, 2019 $0.00
Aug 25, 2019 $0.00
Sep 1, 2019 $0.00
Sep 8, 2019 $0.00
Sep 15, 2019 $0.00
Sep 22, 2019 $0.00
Sep 29, 2019 $0.00
Oct 6, 2019 $0.00
Oct 13, 2019 $0.00
Oct 20, 2019 $0.00
Oct 27, 2019 $0.00
Nov 3, 2019 $0.00
Nov 10, 2019 $0.00
Nov 17, 2019 $0.00
Nov 24, 2019 $0.00
Dec 1, 2019 $0.00
Dec 8, 2019 $0.00
Dec 15, 2019 $0.00
Dec 22, 2019 $0.00
Dec 29, 2019 $0.00
Jan 5, 2020 $0.00
Jan 12, 2020 $0.00
Jan 19, 2020 $0.00
Jan 26, 2020 $0.00
Feb 2, 2020 $0.00
Feb 9, 2020 $0.00
Feb 16, 2020 $0.00
Feb 23, 2020 $0.00
Mar 1, 2020 $0.00
Mar 8, 2020 $0.00
Mar 15, 2020 $0.00
Mar 22, 2020 $0.00
Mar 29, 2020 $0.00
Apr 5, 2020 $0.00
Apr 12, 2020 $0.00
Apr 19, 2020 $0.00
Apr 26, 2020 $0.00
May 3, 2020 $0.00
May 10, 2020 $0.00
May 17, 2020 $0.00
May 24, 2020 $0.00
May 31, 2020 $0.00
Jun 7, 2020 $0.00
Jun 14, 2020 $0.00
Jun 21, 2020 $0.00
Jun 28, 2020 $0.00
Jul 5, 2020 $0.00
Jul 12, 2020 $0.00
Jul 19, 2020 $0.49 Jul 20, 2020 $0.49
Jul 26, 2020 $0.49 Jul 20, 2020 $0.49
Aug 2, 2020 $0.49 Jul 20, 2020 $0.49
Aug 9, 2020 $0.49 Jul 20, 2020 $0.49
Aug 16, 2020 $0.49 Jul 20, 2020 $0.49
Aug 23, 2020 $0.99 Aug 22, 2020 $0.99
Aug 30, 2020 $0.99 Aug 22, 2020 $0.99
Sep 6, 2020 $0.99 Aug 22, 2020 $0.99
Sep 13, 2020 $0.99 Aug 22, 2020 $0.99
Sep 20, 2020 $0.99 Aug 22, 2020 $0.99
Sep 27, 2020 $0.99 Sep 30, 2020 $0.99
Oct 4, 2020 $0.99 Sep 30, 2020 $0.99
Oct 11, 2020 $0.99 Sep 30, 2020 $0.99
Oct 18, 2020 $0.99 Sep 30, 2020 $0.99
Oct 25, 2020 $0.99 Sep 30, 2020 $0.99
Nov 1, 2020 $0.99 Nov 9, 2020 $0.99
Nov 8, 2020 $0.99 Nov 9, 2020 $0.99
Nov 15, 2020 $0.99 Nov 20, 2020 $0.99
Nov 22, 2020 $0.99 Dec 5, 2020 $0.99
Nov 29, 2020 $0.99 Dec 5, 2020 $0.99
Dec 6, 2020 $0.00
Dec 13, 2020 $1.00 Dec 26, 2020 $1.00
Dec 20, 2020 $1.00 Dec 26, 2020 $1.00
Dec 27, 2020 $1.00 Dec 26, 2020 $0.97
Dec 28, 2020 $0.03
Jan 3, 2021 $1.00 Jan 8, 2021 $1.00
Jan 10, 2021 $1.00 Jan 12, 2021 $1.00
Jan 17, 2021 $0.99 Jan 22, 2021 $0.99
Jan 24, 2021 $11.15
Jan 31, 2021 $11.15
Feb 7, 2021 $11.15
Feb 14, 2021 $11.15
Feb 21, 2021 $11.15
Feb 28, 2021 $33.45
Mar 7, 2021 $33.45
Mar 14, 2021 $33.45
Mar 21, 2021 $33.45
Mar 28, 2021 $33.45
Apr 4, 2021 $33.45
Apr 11, 2021 $33.45
Apr 18, 2021 $33.45
Apr 25, 2021 $33.45
May 2, 2021 $33.45
May 9, 2021 $33.45
May 16, 2021 $33.45
May 23, 2021 $33.45
May 30, 2021 $33.45
Jun 6, 2021 $33.45
Jun 13, 2021 $33.45
Jun 20, 2021 $33.45
Jun 27, 2021 $33.45
Jul 4, 2021 $33.45
Jul 11, 2021 $33.45
Jul 18, 2021 $33.45
Jul 25, 2021 $15.52

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