Entrepreneur
Name
Richmond
Member since
April 2015
On-time repayments
228 installments • 61%
About Me
I started school at Ridge Experimental and later changed to Good News Baptists where I completed my basic education. I started saving part of the money that was provided to me for transportation to school, to buy things that I needed and couldn't ask my mum since she didn't have much money. I started my bread business with the amount I had saved from my salary. Where I live, every body wishes to start something on their own, but the problem is the capital. I don't have children yet but when I marry and have kids I will teach them how to be good entrepreneurs. I have interest in basket ball.
My Business
My bread business is doing good in the market now. Now what I want to do is to complete a one bed room apartment that I have and rent it out. I have a dream to enter into Real Estate because the demand for single rooms and apartments are on the rise. The cost that I am currently incurring in the project are cost of cement, sand, water and labor. I am working as an accountant in a hotel so I will use part of my income to settle the loan weekly. The profits from this one bed room apartment will be reinvested in the bigger project that I will start after this one is completed.
Loan Proposal
The loan will assist me in covering these costs
Cement $ 99.08
Labor $ 98.48
Water $ 20.00
These are the current cost that I am incurring in the project. I have sand already so I will not be buying sand. This loan will help me speed up the project so that I can finish early and rent it out.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$233.00
Date disbursed
Nov 16, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
Hong Kong
United States
United States
Ask Richmond a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.