Purchase 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

I am currently preparing the premises for the installation of the block laying machine. The preparation require more investment but little by little I will do my best to organize until the loan value is enough to buy the plant fully.

Income Source

The Real Estate sector in Ghana has proved to withstand the turbulence but with a remarkable increase in the sector. the growth of 10% is guaranteed and therefore we will sell the blocks and tiles to pay for all cost involve.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$65.76

Date disbursed

Jan 28, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.28

Credit risk payment: $4.68

Optional expediting fee: $4.68

Lenders

LadyofHats

Hamburg, Germany

T

Tallago3

Munich, Germany

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

ibc123

Seattle, United States

Grant Xavier Storer

Seattle, Wa, United States

Mimobo

Schwäbisch Gmünd, Germany, Germany

Jeroen Decock

Gent, Belgium

Dave Bogard

New York, United States

Jake Badger

Roskilde, Denmark

The Zinc Team

San Francisco, United States

Paul Buchheit

Mountain View, United States

AM

Anupama Mann

United States

Nick Studenski

Minneapolis, United States

M

MaggieK

United States

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  • Emmanuel Yankyera    Jul 28, 2021

    He said he would do the payment within the next week

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  • Agbenyega Christian Peter    May 26, 2021

    James told me he is in crises and cannot pay now until he resolve his problem. I therefore encouraged him to adjust

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  • James Aboagye Nyamekeh    Apr 27, 2021

    Got my premises flooded and needs few weeks to restore operations.

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  • James Aboagye Nyamekeh    Apr 13, 2021

    Flood at my business place and have to stop working for two months.

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  • Agbenyega Christian Peter    Mar 24, 2021

    I called him and he said he will pay but some problems prevented him from paying on time

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  • James Aboagye Nyamekeh    Feb 26, 2021

    But pesticides to spray the project premises. It will keep the environment very clean.
    Thanks so much for the loan facility.

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  • James Aboagye Nyamekeh    Feb 26, 2021

    The loan previously received was used to prepare the land to be used in the installation and production of the hollow blocks. The preparation continue and further loan is required to continue the process.

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  • James Aboagye Nyamekeh    Feb 11, 2021

    I will use the loan to clear the premises for the installation of the machine.
    It will assist and speed up the installation process
    Thanks

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  • James Aboagye Nyamekeh    Feb 11, 2021

    I could use the loan to buy the equipment to clear the land. Further loan will help in preparing the land for the installation of the Machine.

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  • James Aboagye Nyamekeh    Feb 4, 2021

    I will use the loan to prepare the premises for the machine installation
    This will enable me proceed with the block laying project
    Thanks to all the lenders.

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  • James Aboagye Nyamekeh    Feb 4, 2021

    I am very happy of my previous loan which helped me to furnish the premises on which the block machine will be installed. I am grateful for the kind gesture.

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  • James Aboagye Nyamekeh    Jan 28, 2021

    Currently I am preparing the grounds for the Block laying machine and that will facilitate the installation process after the purchase of the machine,
    hanks for the assistance.

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  • James Aboagye Nyamekeh    Jan 28, 2021

    Dear Lenders,
    Your assistance has help me get closer to preparing for the land where the block factory will be situated. I hope gradually i will be able to acquire the machine in a reasonable foreseeable future/
    Thanks to you all.

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  • James Aboagye Nyamekeh    Jan 22, 2021

    I have received the GHS 121 as net disbursement for GHS 180 loan facility
    I will buy the area the Block making machine
    Thanks so much.

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  • James Aboagye Nyamekeh    Jan 22, 2021

    I am preparing the area for the purchase of the Block making machine
    It will facilitate the arrangement for the project
    Thanks for the loan.

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  • James Aboagye Nyamekeh    Jan 18, 2021

    Dear Lender,
    Thanks for the loan. I am writing to confirm of the receiving of the loan.
    I will definitely use it for the intended purpose.

    Thanks
    James

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  • James Aboagye Nyamekeh    Jan 15, 2021

    I have successfully received GHS 59.00. The loan will be used to prepare the premises for the block making Machine.
    Thanks for the response.

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  • James Aboagye Nyamekeh    Jan 15, 2021

    I have successfully received GHS 65.00. The loan will be used to prepare the premises for the block making Machine.
    Thanks for the response.

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