Loan to pre-finance my current construction contract

Edem Kwasi

Accra, Ghana

100% repaid

Entrepreneur

Name

Edem Kwasi

Member since

August 2016

On-time repayments

245 installments  •  89%

About Me

Senaya Edem Kwasi is my name. I am a Ghanaian and comes from Ho, in the Volta Region. I was brought up in the village until I was about 12 years old before my father brought me to the city to be educated. Thus, I started my education at the age of 12 years. I was a little matured for my class but have to cope. When I got to stage 5, my father asked me to stop schooling and learn fitting (Mechanic). He gave me two options as to whether I would want to become an apprentice mechanic or go to school and leave his house! I chose the latter and had to be on the streets working whilst having education on my mind. I did that for some time, gather some money and then travel to Benin in order to pursue more menial works. During this time, I have been saving judiciously so as to continue my education. 
I enrolled in a private school to complete my primary education after some periods of hardwork. I enrolled in stage 6. After completion of primary education, I then enrolled for Junior high school education which is three years in Ghana. The only way to work my way through is to be working whilst going to school and studies became very difficult because I am always tired at the end of the day. Luckily for me, I had a penpal from Canada who decided to sponsor my education and I had to study hard. I sat for the final exams in the second year, came out as the second best student and had admission to read science at the secondary school level. I had my secondary education at Mawuli Senior High School in Ho. 
I sat for the final exams which is the West African Secondary School Certificate Examinations and came out with a very good result which led to my gaining admission to the Kwame Nkrumah University of Science and Technology, in Kumasi to read Civil Engineering. 
Financial burdens at the university in the first year was very tough for me until I had a full scholarship. The scholarship was offered to me by Educational Pathways International (www.educationalpathwaysinternational.org) after I have applied and attended an interview. It made life a little easier for me and I had to study hard in order not to be taken off the scholarship. By God’s grace, I graduated from the University with a second class upper honors degree in Civil Engineering. I graduated from the university at the age of 28 years! I did the compulsory national service and have gotten a job with a Chinese company where I worked for about four months. 
I am a determined person and always pursue my dreams till the finish line. 
It has been my desire to make life a little easier and create opportunities for people around me. So with this in mind coupled with the high unemployment rate in Ghana, I have decided to form my own construction company. It has been duly registered and I have obtained license for operation last year. The name of my company is Conciv Engineering Limited. Conciv is currently in operation but on sub contract basis.

My Business

Conciv Engineering Limited (CEL) is a construction company formed in the year 2015. The main idea behind the formation of this firm is to provide employment to the many unemployed youth in Ghana and also bring relief to others by providing them with quality services at an affordable prices. 
The mission statement of CEL is : To become the number one construction and infrastructure development company in Ghana, a national player who safely, profitably and sustainably delivers best-in-class integrated services, products and solutions to meet our client’s needs.
The vision statement of CEL is: Bridging the infrastructural development gap between the rural and urban centers.
CEL intends to provide infrastructural development mainly to the rural and peri-urban areas of the country. Several of the rural areas in Ghana are faced with very challenging issues in terms of infrastructure and it breaks my heart when I travel out of the city and meet some of this developmental trail. To realize the vision of CEL of bridging the infrastructural development gap between the rural areas and the urban centres, CEL intends to and has begun carrying out research in rural areas about the infrastructure that is needed and how it will benefit the said community. 
Some of the communities visited do not have schools! The children therefore have to walk for long distances before getting access to education. It is interesting to know that, all these children with lack of these facilities compete with the children in the urban centres for the same examinations. The results coming from these rural folks is nothing to write home about and the least said about them the better. 
I know the value of education through my personal struggle to get myself educated. I therefore want to in my own way give others the same opportunity by providing them with these infrastructure.
After carrying out a research and coming out with a solution. CEL then carry out all the designs involved and the cost of providing that infrastructure. From there, then we raise funds from the public to carry out the construction. Most of these rural areas have big firms that are operating there such as the oil industry, mining industries amongst others. We intend getting in touch with them to provide funds for this development.
There are different sides of this coin! Doing this will create employment to others and also providing the community with something valuable. 
I believe that, the beginning of everything is not easy and there must be sacrifices. I therefore intend to use my salary from my current employment to repay this loan. It is difficult raising capital for a startup business but I am very confident to be able to raise capital through Zidisha in order to realize my dreams. 
CEL have bid for projects and have won a couple of them but do not have the pre-financing ability to finance it. I am optimistic that, I will be able to build a startup capital for my construction company through partnership with Zidisha lenders. 
You can look at some of our activities on facebook by liking our page just by typing Conciv Engineering Limited or using the handle @Conciv2015. 

Loan Proposal

It has become necessary for me to apply for a new loan in order to pre-finance my current construction contract. I have a contract to construct drains using sandcrete blocks and also build sinks for a firm that is building an affordable housing for their workers.

My company was awarded a sub-contract for the construction of the drains and the kitchen sinks and we have been working for about two(2) weeks now. I need this loan to be paying my workers whilst they continue the work and pay them the balance when I have fully completed the contract.

This loan when approved and disbursed will help me provide for my workers whilst they work for me.

I promise to repay back this loan on time just like I have done to all my previous loans.

Thank you and may the Lord continue to bless you as you help my business prosper.

Feedback

2

None

None

  • Margaret    Nov 4, 2019

    Perfect repayment!

    Log in to reply • Share
  • Chris    Mar 14, 2017

    I think money is in good hands at Edem. I will support him again without a doubt! Good Look in future!

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,226.00

Date disbursed

Sep 27, 2018

Repayment status

On Time

Projected term

7 months

Lenders

Rdcmole

Cincinnati, United States

R

rmacaw

Australia

JimVandegriff

Trinidad, California, United States

dcorbetta

Carate Brianza, Italy

H

halisi

assenede, Belgium

fransk

Culemborg, Netherlands

A

andreab

United States

MC

United States

Nick

Manchester, United Kingdom

Dan Brinkman

Lynden, WA, United States

KG

Kate Goodwin

United States

Ed

Howells, United States

Vratik Krocik

Prague, Czech Republic

M

Margaret

United States

JH

Joseph Hwang

Houston, United States

D

Dave

Dropmore, Manitoba, Canada

Jan V

Port Dalhousie, Canada

Nethanel Kohen

NYC, United States

Chris

Zurich, Switzerland

Carrie

Arlington, MA, United States

J

Netherlands

AR

Axel Ratzer

Neuss, Germany

L

Lisa

United States

J

Jason

West Palm Beach, United States

Cambium Foundation

Kirkland, United States

Ask Edem Kwasi a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Edem Kwasi    Aug 7, 2022

    Dear all,
    Thank you very much for funding my current loan.
    I intend to use this loan to pay my workers current on the hospital project.
    It will help reduce my financial burden in terms of labour payment.

    Thank you all and I promise to make my Monthly payments on tien.

    Thank you.

    Log in to reply • Share
  • James    Aug 3, 2022

    A really good project

    Log in to reply • Share
  • Duncan    Aug 1, 2022

    All the best

    Log in to reply • Share
  • Emma    Jul 29, 2022

    EDEM!!! I haven't been on Zidisha in ages! How've you been? It was such a nice surprise to log in & see your new loan project :-) Congratulations, building a hospital is such a great thing to be a part of :-) How'd the laundry business go, did that Google Maps thing ever end up making much of a difference? Did it manage to make a recovery after covid eased up, or the impact was too great? So sorry about that by the way, covid couldn't have made things easy... But I tip my hat to you, you're always so good at diversifying; the pineapple farm looked great! & Hiring out your concrete mixer sounded like a great idea :-)

    Really hope life is making you smile man - Emma

    Log in to reply • Share
    • Edem Kwasi    Aug 4, 2022

      Hello Emma! Thank you very much for funding my previous loan and also being part of this one. I am very grateful.
      Oh yes, the google map did help very much. I found it easy to direct customers to the laundry....Covid however, hit us in the laundry industry so much that I had to shut down. I have also relocated from the area and I am currently setting it up at the new location. I will post a message here when I am done so that you can help me with changing the location. I will post a phot of the pineapple farm also here very soon. With the pineapple farms, I managed to get some friends to also invest into it and so far it is doing very very well.

      Thank you very much for being part of this growth I am experiencing currently.

      Log in to reply • Share
  • BienesDar    Jul 27, 2022

    Greetings from BienesDar.org in Spain. We have contributed to this project as we believe will provide jobs and well being for others too. Keep up the good work, Edem!

    Log in to reply • Share
    • Edem Kwasi    Aug 4, 2022

      Hello! Thank you very much for the confidence. I promise to live up to expectation!

      Log in to reply • Share
  • Edem Kwasi    Jul 24, 2022

    Dear Lenders,
    Thank you very much for funding my previous loans which I used to support my business. I used the amount received to purchase a concrete mixer which is currently operational and it is helping my business tremendously.
    I hope to further expand my business to make more profits on monthly basis.

    Thank you once again.

    Log in to reply • Share
    • Lotus Flower    Aug 2, 2022

      I've been trying to help again, Edem, since last night (August 1st), which would have been morning (August 2nd) in your time-zone). Am just waiting for a technical bug preventing lending from my Zidisha account to be repaired. I'll keep checking back daily. Glad to hear things are going better now. Best wishes, always.

      Log in to reply • Share
      • Edem Kwasi    Aug 4, 2022

        Hello! Thank you very much for this. It means so much to me. This year is almost over and we have made some good strides at conciv engineering limited.

        Log in to reply • Share
    • Lotus Flower    Aug 3, 2022

      The technical bug has been repaired, and I have contributed.
      Best wishes, Edem! :-)

      Log in to reply • Share
  • Anonymous    Jul 3, 2022

    Hi Edem,
    What happened?

    Log in to reply • Share
    • Edem Kwasi    Jul 4, 2022

      Hello, thanks for checking up on me. I had some challenges with my business but I am out of it now.

      I am very much committed to completing my repayment by the end of this month.

      Thank you once again

      Log in to reply • Share
  • Edem Kwasi    Mar 21, 2022

    Dear Lenders,

    I bring you greetings. I trust you are all doing well.

    I have delayed a bit in payment due to my payments delay.

    I am expecting some cash flows and should be done with payment in the next weeks.

    Thank you for your patience.

    Log in to reply • Share
  • Edem Kwasi    Feb 9, 2022

    Hello Lenders!

    I have received some payments yesterday and will like to use part to offset my loans.

    Thank you all for the patience

    Log in to reply • Share
  • Edem Kwasi    Jan 14, 2022

    Dear lenders. I trust you're doing well.

    I've rendered some services and expecting payment in December which did not come through.

    I am hoping to get payment within the month and make full payments.

    Thank you

    Log in to reply • Share
  • Alfred    Dec 15, 2021

    Dear Lenders,
    Sorry i couldn't reach Edem.
    I will try my best to reach him.

    Log in to reply • Share
    • Edem Kwasi    Dec 19, 2021

      Please you can reach me on 0548729742. Thanks.

      If you can leave me a flash I’d call back.

      I will complete payment in January though. My contract payments delayed a bit that’s why I’ve defaulted a bit.

      Log in to reply • Share
  • Edem Kwasi    Dec 8, 2021

    Dear lenders,
    I started a new project and had to invest most of my funds in tools and labour payment.

    I would like to reduce my repayment amount so as to meet my repayment period.

    Thank

    Log in to reply • Share
  • Edem Kwasi    Oct 6, 2021

    Hello Lenders. Business has been a bit slow lately but I am doing my best to remain afloat with my payments. I would like to reduce my repayment amount. Thank you

    Log in to reply • Share
  • Christy Doh    Aug 29, 2021

    He promised to adjust payment

    Log in to reply • Share
  • Edem Kwasi    Aug 23, 2021

    Hello Lenders!

    I will like to reduce my weekly repayment amount as cash in flows is a bit slow lately.

    Thank you

    Log in to reply • Share
  • Vincent    Jul 2, 2021

    He said he was sick and that matter his business was slow but he will pay the money in the next coming days

    Log in to reply • Share


Loading...

Loading...

Loading...