Buying class room desks for my school
Beatrice
Eldoret Mailinne, Kenya
100% repaid
Entrepreneur
Name
Beatrice
Member since
April 2015
On-time repayments
291 installments • 76%
About Me
My names are Beatrice Odhiambo I am 55 years old, Born in Nyanza province.I am the firstborn of the six children in our family. I am married and also blessed with six children. My first four children are already married while the last two are in college and high school respectively.
I was educated up to the old primary school level after I got married and also fortunately by the grace of God I became an ECD teacher I also in 2012 started The business which has really helped me and my family a lot.
I also have a Barbers shop where we cut men's heirs and salon for women heir styling at all seasons. This was begun latter after the first business was launched.
My Business
My business is salon business and ECD school,located at Tiri Mbili estate Eldoret Town.I started the business in the year 2012 and 2014 respectively with a capital of US Dollars 280 and us dollars 300.
My monthly cost of running the business is US Dollars 600 while average Gross profit before the expenses is usually approximately US Dollars 500.
The following is how I normally use profits from the business :-
10% I give tithe to the church
70% Up keep i.e food and rent
5% Savings
15% I support my aged mother and two siblings
Loan Proposal
When am given this loan amount Am 'applying for now then I will be able to buy 40 classroom Desks for my students or pupils to sit on at 10 US Dollars per each and this will be a total of 400 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 .
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$396.00
Date disbursed
Jul 13, 2016
Repayment status
On Time
Projected term
19 months
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