Masomo loan

Leonard Kimai

Nairobi, Kenya

6% repaid

Follow Leonard Kimai

How it Works

Entrepreneur

Name

Leonard Kimai

Member since

November 2017

On-time repayments

28 installments • 75%

About Me

Born on 4th September 1984 in Kenya being 7th born in a family of 10 children. Attended Sendera primary school in Bungoma County Mt Elgon District in the border between Kenya and Uganda. Went to Kisumu Day High School and later on joined Strathmore university where i did diploma in micro finance and currently pursuing degree in business management.

I paid my college fee alone by washing cars and carpets. I worked in a real estate firm selling plots, doing property management and debt collection so i learnt the techniques and decided to start my own real estate firm.

Mount Elgon is an extinct shield volcano on the border of Uganda and Kenya, north of Kisumu and west of Kitale. The mountain's highest point, named "Wagagai", is located entirely within Uganda. My children want to be serious businessmen and women in future and have always encouraged them to follow their dreams.
My favorite hobbies reading and researching in my area of specialization as well as other related areas in order to prepare myself for future opportunities and challenges.

My Business

Property management firm which entails sales and letting

Property managers are experienced in the business and are, therefore, better able to deal with wayward tenants as well as ensure that any necessary repairs are done quickly. Since property agencies know how rents within a region compare, we usually suggest optimum rental pricing for maximum tenant profit and tenant retention.

Property management firms are easy to manage and has higher returns as compared to other businesses. Also it needs small capital to start.
marketing costs
commission on rent collection, sales and letting
reinvestment in growing the business

Loan Proposal

Dear lenders
I have been having problems with payment of college fee amounting to Ksh 52,000 per semester.
I have paid 70% of the amount and am remaining with balance of 30% which am supposed to clear within a period of two weeks. Kindly i will be very grateful if you speed up disbursement.