Building an affordable apartment for rental

Richmond

Sunyani, Ghana

8% repaid

Follow Richmond

How it Works

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

I want to use this loan to buy building materials and pay for labor work. The items will include Sand, Cement, water and cost of labor.
Sand = $180.00
Cement =$139.00
Water = $150.00
Labor = $160.00
This will help me complete my project so that I can make it ready for rental. There are potential tenants that are ready to rent the place but because its not ready they have to go and search at a different location. This loan, if granted will help me and potential tenants.