Loan to purchase a block-laying machine

James Aboagye Nyamekeh

Achimota, Ghana

7% 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

Will use the loan to purchase insecticide to pray the premises to avoid pest infestation. That will also keep the environment safe for work to proceed.

Income Source

Demand for the blocks is on the rise and I will increase production to meet the rising demand which will enable me pay for the loan.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$228.36

Date disbursed

Feb 26, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $8.10

Credit risk payment: $24.56

Optional expediting fee: $16.33

Lenders

C

Cblodgett

Zurich, Switzerland

C

Christian

Saarbruecken, Germany

lietu

Tallinn, Estonia

LA

United States

L

ldron7

Utah, United States

Pere

Barcelona, Spain

T

ToddK

Indianapolis, IN, USA, United States

Cloudways

Malta, Malta

C

CarrotTop

Bangor, United States

Paul and Rachel

London, United Kingdom

B

bileiro

Mandaluyong, Philippines

Shakid

Jingan, China

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

D

Don100

Wilton, United States

A

AndrewC

London, United Kingdom

soniad

Dubai, United Arab Emirates

fransk

Culemborg, Netherlands

mikeice

Kohler, United States

K

Kramer91

Kamerik, Netherlands

cc5alive

Los Angeles, United States

L

Lender59

United States

B

bugdaniel

Switzerland

bb4dogs

United States

J

jbhernan

United States

H

hodor

Australia

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

M

Medagan

San Franciso, United States

P

pnrjulius

United States

S

Stephan

Netherlands

SK

Sebastian Krohn

Amsterdam, Netherlands

Jonas

Switzerland

Dave Bogard

New York, United States

MW

Matt Willis

United States

JD

Jeff DePree

United States

YM

Yelka Mikolji

United States

A

A

United States

IH

Ian Hearn

United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Pedro R-C

Cambridge, United States

Isabella

UK, United Kingdom

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

A

Andrei

United States

Elise E

United States

I

isaac

United Kingdom

JB

John Brown

United States

Jes-c

United States

AH

Amy Hammond

United States

Lex Moen

Netherlands

KK

Kurt Kellner

United States

R

RMIM

United States

B

BRB

Australia

LM

Lee Montecucco

Washington State, United States

Elizabeth

Australia

MH

Matt Hodges

United Kingdom

We Not Me

St. Paul, Minnesota, United States

S

Simone

United States

R

RM

Australia

GA

Gal Ashuach

רעננה, Israel

Peter Collins

Darmstadt, Germany

C

Cole

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

Vincent Strangio

Pittsburgh, PA, United States

Keenan Wilson

Winona, United States

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