294 installments • 18%
I come from a family of eight from the Western part of Kenya. I moved to Central Kenya to work as a Teacher to support my Education as well as that of my siblings. Am a graduate from Wayland Baptist University with a BA in Religion minor in English, Am also a trained Primary school teacher. I ventured in business to cater for my needs and promote my family to go through school. I want to expand my business by coming up with a modern shop offering internet services and selling books to curb the great appetite we have for knowledge in our nation. I believe that is through education that we can break the glass ceiling of poverty our nation.
I operate a film shop where i sell movies for local public performances, home viewing as well as educational ones used in schools and churches. These goods are in great demand since the world is changing very fast where information has become a pillar of economic drive. Many people prefer to watch a film to get the gist of something rather than the manual way of doing things. Students especially learn through this method more than when they read the same from the books due to the dwindling reading culture. Again not all people who can access or afford books and for those who can some don't know how to read and write.
I wish to expand this venture to be a library in one of the major towns to cater for college and university students, This will give opportunity to many who are willing to do research via the internet hence they cannot afford to secure a computer at home.
Currently, I earn an average of Ksh20,000 a month and I plan to triple the amount in the next few months. Given the loan i will be able to buy some computers to facilitate this promising venture. I pledge to abide by the stipulated rules in the servicing of the loan given. Am available to give more information when required to do so. Thanks in advance.
I need to raise the amount above to purchase a projector. The device will help me to teach people in seminars and conferences. A good Sony projector goes for close to ksh.60,000. I have already saved (ksh10,000) overhead amount required to secure one. Being a teacher, I am quite clear that I will also lend out the machine and get an extra coin from it. I have two pool tables which are helping me to pay for education for my siblings. I also intend to do full time teaching at the World Hope Changers Ministry which will be a challenge without the projector. I promise to repay the loan within the time proposed without fail. Please Loan me to help others. Thanks in advance.
Nov 13, 2014
Cost to entrepreneur
Lender interest: $572.06 at 8.11% annual rate over 8 months = $31.61
Service fee: $14.97