Loan for purchasing a block-making machine

James Aboagye Nyamekeh

Achimota, Ghana

100% repaid

Entrepreneur

Name

James Aboagye Nyamekeh

Member since

January 2021

On-time repayments

20 installments  •  30%

About Me

A dedicated, detailed and capable business executive for over 26 years of experience in finance, accounting and management. An academia with a strong research, coaching and a presenter at conferences through lecturing and facilitating knowledge transfer in international finance, accounting, capital markets, and change management. Seeking to transfer the rich experience and the repository of knowledge to support the unemployed because of my history of destitute to where I am . Currently, I am a CEO of a microfinance company and looking to fund a block making factory which will employ in total 70 people.

My Business

Producing Hollow and solid block and pavement block to meet the growing demand of the Real Estate Industry in Ghana. The machine can produce an average of 5000 blocks per day with an average price of GHS 5 generating about GHS 25,000 per day. With a conservative combination of cost and revenue analysis, a net profitability of 40% is expected daily.

Loan Proposal

Purchase Block Making Machine to manufacture hollow blocks and street paving block machine. Machine to manufacture hollow blocks and street paving block

Income Source

Sale of blocks from the Block Making Machine to manufacture hollow blocks and street paving block machine. Income from the manufacture hollow blocks and street paving block

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$31.40

Date disbursed

Jan 22, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $1.14

Credit risk payment: $2.91

Optional expediting fee: $3.42

Lenders

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