Building a new classroom and desks
Renson
Karama Market, Kenya
100% repaid
Entrepreneur
Name
Renson
Member since
February 2015
On-time repayments
186 installments • 39%
About Me
I am 33 years of age born and brought up in Runyenjes, Embu County in the Eastern part of Kenya. I went to Muragari Primary School, then Muragari Primary School before proceeding to ST Marks Teachers College in Kigari where I graduated with a P1 teaching Certificate.
I started teaching practice in 2005 in various schools but the conditions were not very favorable for my personal growth. 3 years ago, I partnered with Mr. Charles Mwongo (the chairman of Shiners Academy) to start a kindergarten school. The turnout has been very good and particularly this year, we do not have enough space to host the pupils. The success of the business is a great inspiration for me and I look forward to be the best education service provider in the region. I am a resilient person who believes in handwork, prayers and commitment in anything I do.
I am married with one wife and a son. During my free time, I like reading in the library, having fun with my family or attending church services.
My Business
The Academy ( Shiners Academy) started in 2012 with 40 kids but we’ve grown to over 300 pupils as at Aug 2018. Mainly we offer normal day teaching classes to kids from the neighborhood and also offer remedial practice in the evening for needy pupils. We charge school fees of $30 per term, getting a gross of around $4500 in one term. After deductions the school makes around $1800 profit in one term (3 months). The school has 11 teachers plus the two directors (I and chairman).
Last year, we got registered with tge government to register the school because the performance for the kids is very good. If I got funded, I'd use the funds to build new classes that will reduce congestion in the school. I will be able to accommodate more kids and the school will have a stronger foundation.
Loan Proposal
Dear Lenders,
I'd like to be funded to be able to expand the school by building a new classroom and add a few more desks to accommodate more pupils since I am running out of space and more pupils are asking for admission every term. I believe with more space the revenue from the business will increase by 50% meaning my profits will go higher. This way, I will be able to comfortably pay for the loan and increase my savings for future developments.
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 12, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United States
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Summary
Amount repaid
$105.40
Amount remaining
$0.00
Date repaid
Jun 13, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 22, 2015 | $5.20 | Feb 24, 2015 | $5.20 |
| Mar 1, 2015 | $5.20 | Mar 4, 2015 | $5.20 |
| Mar 8, 2015 | $5.20 | Mar 8, 2015 | $5.20 |
| Mar 15, 2015 | $2.22 | Mar 14, 2015 | $2.22 |
| Mar 22, 2015 | $2.22 | Mar 15, 2015 | $2.22 |
| Mar 29, 2015 | $2.22 | Mar 15, 2015 | $1.11 |
| Mar 25, 2015 | $1.11 | ||
| Apr 5, 2015 | $2.22 | Mar 25, 2015 | $1.11 |
| Apr 2, 2015 | $1.11 | ||
| Apr 12, 2015 | $2.22 | Apr 2, 2015 | $1.11 |
| Apr 13, 2015 | $1.11 | ||
| Apr 19, 2015 | $2.22 | Apr 13, 2015 | $2.22 |
| Apr 26, 2015 | $2.22 | Apr 20, 2015 | $2.22 |
| May 3, 2015 | $2.22 | Apr 20, 2015 | $2.22 |
| May 10, 2015 | $2.22 | Apr 20, 2015 | $2.22 |
| May 17, 2015 | $2.22 | Apr 20, 2015 | $2.22 |
| May 24, 2015 | $2.22 | Apr 20, 2015 | $1.11 |
| Apr 21, 2015 | $1.11 | ||
| May 31, 2015 | $2.22 | Apr 21, 2015 | $2.22 |
| Jun 7, 2015 | $2.11 | Apr 21, 2015 | $2.11 |
| Jun 14, 2015 | $6.67 | Apr 29, 2015 | $6.67 |
| Jun 21, 2015 | $6.67 | Apr 29, 2015 | $4.44 |
| Jun 1, 2015 | $2.22 | ||
| Jun 28, 2015 | $6.67 | Jun 1, 2015 | $6.67 |
| Jul 5, 2015 | $6.67 | Jun 1, 2015 | $2.22 |
| Jun 3, 2015 | $4.44 | ||
| Jul 12, 2015 | $6.67 | Jun 3, 2015 | $6.67 |
| Jul 19, 2015 | $6.67 | Jun 5, 2015 | $6.67 |
| Jul 26, 2015 | $6.67 | Jun 5, 2015 | $4.44 |
| Jun 7, 2015 | $2.22 | ||
| Aug 2, 2015 | $6.67 | Jun 7, 2015 | $3.33 |
| Jun 13, 2015 | $3.33 | ||
| Aug 9, 2015 | $7.69 | Jun 13, 2015 | $7.69 |
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