Materials to continue building rental apartments
Nathaniel
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Nathaniel
Member since
December 2015
On-time repayments
267 installments • 58%
About Me
I am Oduro Darko Nathaniel, 35 years of age i started my Basic Education at Calvary Temple A/G International School. growing up it was my dream to become a mechanical engineer but unfortunately couldn't become that because of financial handicap so i couldn't enter the senior High School the year i was suppose to, i have to change my program and read business Accounting because the school i attended the following year was not offering the program that will help me realise my dream. After Senior High i entered the polytechnic to study Accountancy with the passion for business even at the polytechnic i was into type setting and printing business, but upon completion of polytechnic getting a job was not an easy task but i did not give up i proceeded to do my degree at the University of Education Winneba upon completion it was still difficult to come by a job so i decided to establish something on my own. it is there i realized that the is accommodation problem in my country so decided to help solve that problem.
My Business
with Ghana housing deficit ration of 1.6 million as at June, 2015 means there is a lot of problem to be solve so i decided to research about that industry and i realised that all the estate agencies in the country are putting up two bedroom apartment going for a price of 119000 USD so i ask myself how many Ghanaians can afford that so i decided to do something that will cost less like a single room apartment targeting the low class in the society and instead of selling them i will rent them out. The idea was clear but the problem was money to start was the problem so i manage to get the land from the help i got from some family and friends now i have to mould blocks so upon hearing this opportunity it was like a dream about fulfilling . is my dream to re invest whatever i get from my first house into the same project replicating it through out Ghana. the cost of moulding one cement block is 2GHS and per the building plan i will be needing 7500 pcs of cement blocks.
Loan Proposal
thank you very much for your help , since project is still not complete there is more to do. i will be needing about USD 2,272.00 to raise the building from foundation level to lintel, when giving the USD 614.00 it will not be enough but it move the project a step forward i will be able to get some bags of cement and sand to mold blocks. The break down is as follows
sand 2 trips = USD 273. 00
cement 30bags = USD 205 .00
workmanship = USD 136. 00
Thank you
My Videos
May 30, 2021: My zidisha
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Loan Info
Project Type
Classic Loan
Disbursed amount
$664.00
Date disbursed
Sep 2, 2017
Repayment status
On Time
Projected term
43 months
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