Larger space & playing equipment for daycare center
Catherine
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Catherine
Member since
February 2015
On-time repayments
133 installments • 69%
About Me
I am 30 years old, married and a mother of one. I was born and brought up in Kabazi in Nakuru county. I went to Maombi Primary School, afterward joined Kieni Secondary School then proceeded to Mt. Kenya University and pursued early child development (E.C.D.) where I was credited with the equivalent certificate after graduation.
In 2008 I was employed in nursery schools in Nakuru town, where I worked for 6 months. However, the terms were not impressive and, while I was still there, an idea came to my mind of how I could earn more through starting a daycare after seeing my friend excel in that business. For good or bad luck, my sister, who lived in Nakuru, her house help quit the job, and she requested me to leave my job and help her in taking care of her daughter. I didn't hesitate because I saw it as a chance to implement my idea. I disclosed my idea to her and she was ready to support me.
My Business
I started the daycare in my rented single room with my sister's daughter. She used to pay me KSH 150 ($1.50) per day. She was so supportive in marketing the job, and by the end of the month I was able to have 3 more kids, for whom I charged KSH 80 ($0.82) each per day.
I am a resilient person who believes in hard work, prayers and commitment in anything I do. Out of starting with just 1 kid in a single room, I have managed to attain a total of 14 kids, for whom I charge KSH 80 – 150, depending on the age of the child. I shifted to a one-bedroom house and rented an extra room specifically for a daycare. I am able to make a net profit of KSH 15,000 ($154) per month.
Loan Proposal
My business is a daycare unit. I operate in a congested room, so I want to acquire a larger space to increase the size of the business. I want also to buy playing equipment for the kids and a television, since I don't have one currently. I also want to reach more people, thus I will use the some of the money to do advertising.
About Me
I am 30 years aged, married and a mother of one. I was born and brought up in Kabazi in Nakuru county, I went to Maombi Primary School, afterward joined Kieni Secondary school then proceeded to Mt Kenya University and pursued early child development ( E.C.D ) where I was credited with equivalent certificate after graduation.
In 2008 I was employed in nursery schools in Nakuru town where I worked for 6 months though the terms were not impressive and while I was still there an idea came to my mind of how I could earn more through starting a daycare after seeing my friend excellence in that business. For a good or bad luck, my sisters who lived in Nakuru, her house help quitted the job and she requested me to live my job and help her in taking care of her daughter. I dint hesitate because I saw it as a chance to implement my idea. I disclosed my idea to her and she was ready to support me.
My Business
I started the Daycare in my rented single room with my sister Daughter that she used to pay me ksh 150 per day. She was so supportive in marketing the job and by the end of the month I was able to have 3 more kids which I charged kshs80 each per day. I am a resilient person who believes in handwork, prayers and commitment in anything I do. Out of starting with just 1 kid in a single room I have managed to attain a total of 14 kids of which I charge kshs 80 – kshs 150 depending on the age of the child, shifted to a one bedroom and rented an extra room specifically for a daycare. I am able to make a net profit of Kshs 15,000 per month.
Loan Proposal
my business is a daycare unit, i operate in a congested room, I want to acquire a larger space due to increase in the size of business. I want also to buy playing equipments for the kids and a television since i don't have one currently. I also want also to reach more people thus will use the money to do advertisement.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jun 1, 2015
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United States
United States
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