Loan to establish a block molding foctory

Richard Benson

Tema Community 25, Ghana

31% repaid

Entrepreneur

Name

Richard Benson

Location

On-time repayments

102 weekly installments  •  43%

About Me

My name is Richard Benson 32 years of age who completed st Thomas Aquinas senior high school in the Greater Region of Ghana in 2001 but i was not able to further my education due to financial challenges .
my father was very good in paying my fees at school and any other needs aside the school fees but unfortunately he pass away very that coursed me to drop out from schooling.
After few years my mother decided to put me into apprenticeship to learn a trade in masonry.
After three years i graduated to become a professional mason.
currently am working with construction company called OAS construction where i worked as mason. am married to madam Bernice a Azu with one child,often go to the beach on holidays to have fun and make new friends.

My Business

My dream is to start a block molding factory in my community because the demand of housing is very high and therefore the demand for blocks is also high simply because it is a new site.
i choose this type of business because it is a fast moving and also provide materials for building of houses,churches,schools etc.
i intend to use revenue generated from the business for my children school fees for them to get to a greater height because i could not go further in terms of education and also reinvest in growing my business.

Loan Proposal

I will use my current loan to start preparatory works like hiring of land where i will set up my business.
secondly i have to connect Electricity to the site where the business will be establish then after buy the block molding machine.
i will also buy tools like shovels,rain-boot, helmets and nose masks.
After buying all these items i also have to buy materials like sand,cement,pallets and poly tank for the storage of water for the project.
All these tools and materials are estimated to be 3000dollars. i will also make maximum profit of 60 percent every week am to set up these business because the demand of blocks in my community is very high.this project will support my family and i and also create jobs for the youth in the community .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$185.75

Date disbursed

Jan 26, 2016

Repayment status

Late

Projected term

147 months

Cost to entrepreneur

Service fee: $9.25

Upon joining Zidisha, Richard paid a lifetime membership fee of $7.77.

Richard opted to pay $62.13 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

investor

Candiac, Canada

Scott

Oregon, United States

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

C

cjmenchaca

Austin, United States

D

Divergent

Bethesda, United States

ads68

Melbourne, Australia

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

xtrahardware

Cazenovia, United States

K

khassi

AinEbel, Lebanon

E

E

Marin county, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

D

drorm

United States

B

bugdaniel

Switzerland

Michel Bavin

Antwerp Area, Belgium

Mike and Jacqui

United Kingdom

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

MW

Matt Willis

United States

BB

Ben Bellows

United States

Bill Glover

United States

L

LK

United States

JC

Justin cohan

United States

S

stevensau

United States

T

tonym

Australia

HPK

Switzerland, Switzerland

NM

Neil M

London, United Kingdom

EW

Eli Weiss

United States

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