Loan to buy more equipment for my construction company

Lameck

Keroka, Kenya

98% 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

I will use the loan to continue buying more tools to help me fully establish my construction company. I will identify goods worth $27. This will help me save on the cost of hiring and my employees will also have ready tools to their disposal as they work. I expect this to give me a further 50% profit increase.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Aug 22, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

PaulE

Cockeysville, MD, United States

Metalfreund

Berlin, Germany

B

bea

Australia

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