To buy a plot for building rental houses

Samuel

Embakasi, Kenya

100% repaid

Entrepreneur

Name

Samuel

Member since

November 2014

On-time repayments

322 installments  •  34%

About Me

my name is Samuel ombongi morata, am a Kenyan citizen living in Nairobi which is the capital city Kenya.
I come from kisii county, Nyamache district, Nyamache division, Bass central location and Emenwa sub-location and bonyang'ande village.
I grew up in poor background whereby my parents struggled to provide our basic needs. I was born in a family of six sons, me being the first born. I started schooling at a nearby primary school and managed to attain a mean grade of c plain, my parents were doing farming to genarate income for my school fees, i stayed one full year do to luck of fees, then later i joined a nearby secondary school and i attained a mean grade of a B-,then there after i was supported by my uncle who is a brother to my mother, and i joined college in Nairobi where i pursued diploma in Electrical engineering, I attained a credit pass, i graduated a year 2010.year 2011 i was employed as a technician in kalolwanga Engineering, i was earning 9000kes per month, there after i was married to one wife and we were blessed to have one daughter.

My Business

Due to increased responsibility to cater for my family, the amount that I was earning was too little to cater for the needs in my family.
I decided to start a small business of a photocopy shop, I expanded further and added a studio for photos and passports, and also selling of movies .

Loan Proposal

First let me take this opportunity to thank you for the support you have given me so far,i really appreciate it and i thank God for that.
Due to the business research have done as i was moving a round and doing toughly consultation i found that ,the purchase of a plot is also another good investment to venture into,for building rental houses,its more efficient and secure compared to other type of business like transport sector.
As i was moving a round Kangundo road which is nearer to Nairobi,from the statistics i found, the purchase of the plot 50 by 100 fit the cost is a round 200,000 kes .
Given the loan of 109,000 kes, i will add 91,000 kes from my business wise savings in order to achieve the required limit for the purchase.
I hope that my request will be considered,
Thanks in advance.May God bless you my lenders.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,091.00

Date disbursed

Dec 3, 2015

Repayment status

On Time

Projected term

12 months

Lenders

Paul Buchheit

Mountain View, United States

Franmiguel

Perth, Australia

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