Low-cost housing project

Billy Ndolo

Nairobi, Kenya

32% repaid

Entrepreneur

Name

Billy Ndolo

Location

Nairobi, Kenya

On-time repayments

71 weekly installments  •  49%

About Me

I'm a Lawyer and I also do business, I also intend to be a landlord since I'm in the process of building rental houses in my rural town. I would also like to venture into other businesses in future like setting up a hardware and also engaging in large scale farming.

My Business

I work as a Lawyer employed in a law firm but I also do other personal cases to supplement my income and I'm in the process of building rental houses in my rural town. The first phase of the project is almost complete, and I'm looking forward to starting the second phase in March 2020.

Loan Proposal

We have successfully completed the brick making process and now we are set to start the process of construction. The loan we be used to settle the labour expenses.

Income Source

I'm employed as a lawyer in an insurance company whereby we are still being paid a salary. The President addressed the nation on 23/5/2020 and he hinted that he was going to re open the economy.

Feedback

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Loan Info

Disbursed amount

$645.83

Date disbursed

May 29, 2020

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Service fee: 10% of $645.83 = $58.06

Credit risk payment: $87.09

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Payments Forward

Amount returned to the platform for this project

Pay It Forward Projects funded by Billy

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