Building materials for classroom

Benson

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Benson

Member since

June 2020

On-time repayments

52 installments  •  37%

About Me

I am a dedicated trained teacher, business administrator, HR specialist and an entrepreneur.
I am married with one wife and four children; two girls and two boys.
I love to empower others economically and the sure way l thought of doing this is coming up with a business that within my expertise jurisdiction.
So, in 2012, l registered a school which is run as a private school in Lusaka. It is called Primetime Christian Academy.

My Business

My business is called Primetime Christian Academy. It runs from Kindergarten to Primary in the 6th grade. It is located within a compound of Matero North in Lusaka.
It has a population of 120 students ranging from 2 years to 12 years.
The business runs a one stream grade pattern.
The main thrust of the school is effective reading and writing among the learners, coupled with numeracy.
It is a fully registered business entity according to the laws of the Republic of Zambia in as far as Patent and Companies Registration Agency (PACRA) is concerned.

Loan Proposal

The loan will be used for buying building material, especially more blocks and iron roofing sheets.
It is meant to complete the building.

Income Source

We have continued with e-classroom classes via virtual meetings with children and parents. This is in addition that schools have reopened which has given us an upper hand to have steady income.
It would be easy to repay without any problem. This is evident by the way we have repaid a balance of K3526 at once on 22nd September 2020 instead of 30th October 2020.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$256.00

Date disbursed

Sep 27, 2020

Repayment status

On Time

Projected term

5 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

Scott

Oregon, United States

WhyPeace

United States

rjb

Phnom Penh, Cambodia, United Kingdom

Wendy

Los Angeles, United States

Betsy

United States

GC

Gabriel Collins

United Kingdom

Kelly

United States

M

Miles

United States

MM

Mac McKiva

United States

A

Anonymous

United States

H

Hannah

Australia

M

marjorie

Netherlands

B

Bass

Australia

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  • Chama    Sep 2, 2021

    Benson will soon pay back the loan next week

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  • Chama    Aug 2, 2021

    Benson said that he will pay back the loan next week he was having issues

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  • Chama    Jul 1, 2021

    My dear lenders
    I talked to Benson and he said that he wil pay back the loan on time soon.

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  • Benson    Jun 27, 2021

    Limited or no cash flow at all

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  • Benson    Jun 7, 2021

    Limited cash

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  • Benson    May 24, 2021

    It will be easier to pay.

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  • Benson    May 17, 2021

    The income from business took a new twist and disturbed the cash flow. The adjusted one will be easier for now.

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  • Jesper    May 15, 2021

    Benson is going through financial challenges with his business. He has promised to work on repaying in the shortest time.

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  • Mpundu    Apr 21, 2021

    He said that he will pay next week

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  • Mogarn    Mar 17, 2021

    I called him and he said that he will repay the loan soon

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  • Mogarn    Mar 17, 2021

    He said that he he break of his work but very he will start repaying.

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  • Benson    Mar 1, 2021

    Not yet stabilized financially

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  • Mogarn    Feb 17, 2021

    I have talked to Benson and he said that he had a problem but he is promising to start repaying very soon.

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  • Benson    Jan 25, 2021

    Business has been hard....schools are not yet reopened.

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  • Benson    Dec 29, 2020

    This has been due to the unforeseen business pattern erratic cash flow.
    I will bounce back to the normal repayment pattern as before.

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  • Chiozya    Dec 27, 2020

    Dear Lenders,

    I called Benson and he explained to me that he plans to make a repayment towards his loan soon. Thank you.

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  • Benson    Nov 19, 2020

    This is because the collections from parents have slowed down but will be able to revert to the original pattern of repayment even sooner.

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  • Benson    Nov 12, 2020

    I have received ZMW 9750

    I will buy building blocks

    Thank you for the loan

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  • Benson    Nov 10, 2020

    *This money will be used to buy blocks and other building materials
    *This will help the school enrolment to go up, which means the income will increase.
    *Thank you very much lenders for the loan

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  • Benson    Nov 4, 2020

    I have already paid the remaining ZMW 1571 equivalent to two installments. I was motivated to do so because of the attractive credit limit of over ZMW 15000 I have been awarded. I strongly feel this amount will help me reach near completion of my project.

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