Buy land to build rooms for rent

Alex

Mombasa, Kenya

11% repaid

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How it Works

Entrepreneur

Name

Alex

Member since

August 2016

On-time repayments

246 installments • 44%

About Me

Alex Lewa Tsuma was born in Tana River County in Kenya in a family of three, Him and His two sisters.He is the first born, they were raised by their single mother who used to sell dried fish in the local marked to raise us and pay school fees. I managed to do well in primary school and joined secondary school. My mother used to source for fund rising from friends and relatives to raise the cost of my High school fees. After high school, I relocated to Mombasa to look for manual jobs to assist my mother in raising and educating my sisters. In Mombasa, thats where I fall in love with music. I invested the money got from doing jigs and bought my music recording equipments and studied music production. The land in Mombasa is awesome because of the nice beach and delicious Swahili food. I am so far blessed with two children who are still young i.e ages three and five. My hobby is recording artists in my studio which is also my job.

My Business

Dear Lenders and the entire Zidisha family, I take this opportunity to thank you all for your contribution towards my first and second loan. I used my first loan to buy a new earphone for my music recording studio which has much improved now and business is moving in the best manner. I used the second loan to construct my family house for our own residing. I thank you so much because this was my goal for a very long time and you made me realise it. I am proud of you all for making my life and that of my family worthy living. I have seen a great potential in the Housing industry because they are on a very high demand in this area. I have already located a piece of land just adjacent to my house that the owner is ready and willing to sell to me. The land measures 40*60 feet and is going at $ 850. If I manage to acqure this land I will build some semi-permanent rooms for rent. I will start with 6 rooms where I will rent at $ 15 each which will make me $ 90 each month.
Dear Lenders, kindly help by funding this loan so as you enable me purchase this piece of land and therefore start the journey of contributing to providing cheap housing to my society. I thank you all for your help.

Loan Proposal

Describe what you will do with the loan.
As I have stablised my Recording Studio and constructed my house, I wish to buy more land which is near my place. I plan to build residential rooms for rent since housing is a good business here because they are on a high demand. Kindly assist me realise this as it will help my society.