Photo - 10 room student hostel
22911

10 room student hostel - loan for business

Nigeria
Market: Another
Stage of the project: Idea or something is already done

Date of last change: 03.11.2017
Min amount of loan
$  5.000
Estimated yield
3 % a year
0
Total required
$ 25.000
Rating
equalizer 220 from 1000
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Idea

This is supposed to be a 10 room self contain hostel something similar to the image above but with a better architectural and engineering.. It is to be located in Kwara state north Eastern Nigeria. Each will have a kitchen and a bathroom with fitted wardrobe and ceiling fans.

Current Status

The said project is still in the idea phase

Market

Tertiary institutions accommodation.

Problem or Opportunity

Availability of funds and acquisition of land.

Competitors

None necessarily due to the high demand for accommodation within the area. The demand is more than available accommodation.

Advantages or differentiators

Standardized building materials and structure of the project.

Finance

None within my disposal due to the laid down requirements by banks.

Loan terms

60 months

Interest rate, %

3

Type of pledge

Real estate

Pledge and assets

None within my disposal resulting in the acquisition of the loan.

Solution (product or service)

Request for loan for the implementation of the project.

Risks

None necessarily
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video