Entrepreneur
Name
Samuel
Member since
August 2015
On-time repayments
179 installments • 42%
About Me
Am called Samuel Anditi Owuor Born in 1989 in Homa Bay County .
I have gone to School in the Following between the year 1996 to 2003 in Nyandolo Primary School.
In the year 2003 to the year 2007 in Bar Kanyango Secondary School.
And between the year 2009 to the year 2012 in Catholic University of Eastern Africa
I overcame hardship after I begun my own Business in Eldoret town.
I started this cyber cafe business after I worked for some one for one year and I was able to save for this Business which I did .
What is unique in my Culture is that when you are Educated up to University level the you are not given a community land that belongs to your father .
I am not married yet but am to marry soon .
My hobby is to read and sing both in the Church and in public whenever possible.
My Business
My business is ECD school,located at Tiri Mbili estate Eldoret Town and internet services in Eldoret town in Rift Valley in Uasin Gishu County in the republic of Kenya East Africa.I started the business in the year 2010 and 2011 respectively with a capital of US Dollars 1000 and us dollars 300.
This services is in great demand because people are looking for communication everywhere but the postal operation is not so much effective nowadays as in those old days .AND also are no schools around.
My monthly cost of running the business is US Dollars 800 while average Gross profit before the expenses is usually approximately US Dollars 600.
The following is how I normally use profits from the business :-
My typical cost and revenues is20 ,000/ KES .
I use the profit I get as follows
1.School fees for my Brothers =20,000/KES.
2.Reinvestment in to the Business =10,000/KES.
3.Home improvement = 3,000/=KES
4. Medication for my parent 2,000/=KES
Loan Proposal
When am given this loan amount Am 'applying for now then I will be able to buy 17classroom Desks for my students or pupils to sit on at 10 US Dollars per each and this will be a total of 170 US dollars.and in case it goes higher then I will be able to add more money from my own pocket.
This give more space to admit more students or pupils in my class and off cause I will get more money from School fees.
This also will benefit the local community from getting the School just near by the neighborhood without walking long distance or using fare going to School .
If this plan is implemented then I expect this business to grow by 50% from now onward and in the next few month it will be more
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Loan Info
Project Type
Classic Loan
Disbursed amount
$171.00
Date disbursed
Aug 22, 2016
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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