Loan to purchase concrete mixing machine

Evans

Prampram, Ghana

14% repaid

Entrepreneur

Name

Evans

Member since

December 2013

On-time repayments

200 installments  •  86%

About Me

I am a young man of 33 years. I completed Tema Technical Institute in 2004 and obtained a City and Guilds Certificate in Block Laying and Concreting.
Since then I have been working on contract basis as a mason on building projects.

On a typical day, I often wake up around 5:00 am to catch the first bus going to my work site. If it is
located far away I prefer to lodge on site for the rest of week, to reduce transport costs.

Currently, I am working on starting a cement sale business as an additional occupation.

My Business

My dream is to start a cement shop business and later block molding. The latter would require heavier investment so that is for the long-term.

A man I once worked for gifted to me his unused container. I intend to refurbish this for my cement shop business. This would help augment my income and make me a business owner.

Currently, I need to weld, screed and roof the container and get it ready for this business. When given a loan, I would use it for these preparatory works.

The source of income that will be used to repay the loan will come from my masonry work.

Loan Proposal

I want to request for a loan to purchase concrete mixing machine for my construction business.
Currently I have a construction business that needs equipment to be able to executes construction works through a fastest means.
This machine will cut down cost compare to when I use to rent when ever I get a job.

Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,051.00

Date disbursed

Jul 25, 2017

Repayment status

Late

Projected term

51 months

Lenders

CN

Craig Newmark

United States

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Summary

Amount repaid

$285.04

Amount remaining

$1,766.31

Expected completion

Mar 29, 2020

Status

Repaying late

Installment amount

$342.05

Repayment History

Expected Payments Actual Payments
Aug 29, 2017 $89.82 Aug 26, 2017 $89.82
Sep 29, 2017 $0.00
Oct 29, 2017 $0.00
Nov 29, 2017 $71.86 Oct 30, 2017 $71.86
Dec 29, 2017 $19.16 Jan 12, 2018 $7.19
Feb 3, 2018 $11.98
Jan 29, 2018 $0.00
Mar 1, 2018 $11.98 May 11, 2018 $11.98
Mar 29, 2018 $11.98 May 12, 2018 $11.98
Apr 29, 2018 $11.98 May 23, 2018 $11.98
May 29, 2018 $11.98 May 23, 2018 $11.98
Jun 29, 2018 $0.00
Jul 29, 2018 $0.00
Aug 29, 2018 $0.00
Sep 29, 2018 $0.00
Oct 29, 2018 $2.40 Oct 28, 2018 $2.40
Nov 29, 2018 $2.40 Dec 1, 2018 $2.40
Dec 29, 2018 $2.40 Dec 1, 2018 $2.40
Jan 29, 2019 $12.22 Jan 28, 2019 $12.22
Mar 1, 2019 $12.22 Apr 1, 2019 $12.22
Mar 29, 2019 $12.22 Apr 1, 2019 $12.22
Apr 29, 2019 $12.22 Apr 3, 2019 $12.22
May 29, 2019 $0.24 Oct 29, 2019 $0.24
Jun 29, 2019 $0.00
Jul 29, 2019 $0.00
Aug 29, 2019 $0.00
Sep 29, 2019 $0.00
Oct 29, 2019 $342.05
Nov 29, 2019 $342.05
Dec 29, 2019 $342.05
Jan 29, 2020 $342.05
Feb 29, 2020 $342.05
Mar 29, 2020 $56.05

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