Building affordable apartment housing

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

If awarded, all amounts of the loan will go towards finishing paintworks on the newly constructed rentals spaces, before putting them into the market.

I look forward to earning approximately Kes 100,000 from the said units, and using a good portion of this sum to repay my Zidisha loan.

This property will serve to accommodate many Kenyans, in line with the government's initiative for affordable housing programmes.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$306.11

Date disbursed

Feb 24, 2020

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $12.90

Credit risk payment: $36.11

Lenders

MarktheMormon

Sandy, Utah, United States

Treesforpeople

Oxfordshire, United Kingdom

Franmiguel

Perth, Australia

WE

Wendy Emlyn

Devon, United Kingdom

Dan Brinkman

Lynden, WA, United States

Vratik Krocik

Prague, Czech Republic

JH

Joseph Hwang

Houston, United States

TL

Tao Luo

United States

T

TP

United States

Helen and Denis

Global citizens, United States

John

United States

Sayuri

United Kingdom

Yosef

United States

C

Chris

United Kingdom

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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