Buying new computers for the school's business

Beatrice Odhiambo

Eldoret Mailinne, Kenya

61% repaid

Entrepreneur

Name

Beatrice Odhiambo

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

I will buy 4 new computers to do online studies given that now pupils are not allowed to sit together in one congested classroom due to coronavirus outbreak in Kenya and the rest of the world and the government has directed that for now only online studies will be allowed until the situation is contained and businesses return to normal, for that reason I have already trained all my teachers in this line and the direction the world has taken and as per the government directive, therefore, these 4 computers can still serve this purpose and succeed well.

It will make me conduct online studies due to COVID 19. It will make this learning institution stand tall and compete with others and still make a good profit.
I expect this business to increase by 50% this year but early next year it will 70% if all goes well.

Income Source

In the coming weeks I will be able to pay the loan amount am given through the on line course I conduct and get the tutorial fees I charge them, This online tutorial teaching and its charges is just as good as the class based teaching and charges ;
I also have salon for hair cutting in the same business premise which pays me well and am well able to earn good profit to enable pay this loan amount am given .

I believe beyond doubt that I will be faithful in paying as scheduled and go to the next level of another loan limit.
Thanks in advance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$870.79

Date disbursed

Aug 1, 2020

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: $73.38

Credit risk payment: $110.08

Lenders

Dipsius

London, United Kingdom

W

winfried

Seoul, Republic of Korea

Alessandro

Verona, Italy

J

jgrauel

Zurich, Switzerland

S

Sinclair55

Burlington, Canada

Stefano Bertolo

Luxembourg, Luxembourg

S

Sjors

Eindhoven, Netherlands

Sirko

Brandenburg An Der Havel, Germany

JonasL

Stockholm, Sweden

T

TZ

Singapore, Singapore

DR

Daniel R

Berlin, Germany

Fred

Germany

Wouter Schoonveld

Amsterdam, Netherlands

Elly

Woudrichem, United Kingdom

Wendy

Los Angeles, United States

L

linda

United States

AS

Asa Svensson

Stockholm, Sweden

kt

Brush Prairie, United States

Mary

Germany

J

Jo

United States

Ren

Minneapolis/StPaul, United States

F

Frank

United States

H

Hans

Czech Republic

Seppo Ruohonen

Vantaa, Finland

Betsy

United States

D

David

United States

GC

Gabriel Collins

United Kingdom

Melanie White

United States

JH

Joseph Hwang

Houston, United States

CA

Carles Alcolea

Barcelona, Spain

K

Katherine

United States

Ronald Chua

Kuala Lumpur, Malaysia

Daveycee

The Hague, Netherlands

M

Mark

United States

FoxFamily

Enschede, Netherlands

SW

Sean Walsh

United States

MM

Mac McKiva

United States

G

Georg

Germany

Remo

Switzerland

G

Gabi

Turkey

J

Jen

Germany

Dieter Meeuwis

Deurne (Antwerpen), Belgium

mabo

Germany

R

Roman

Slovakia

Darrell Burgan

Dallas, TX, United States

Jeanette

Fort Worth, Texas, United States

Tim

Utrecht, Netherlands

World Centric

Sonoma County, California, United States

M

marjorie

Netherlands

A

Axel

Berlin, Germany

M

Martin

Switzerland

Frosty

North Pole, United States

DD

David DeBry

United States

AL

Andreu Laguarda

Benaguasil, Spain

E

emily

Australia

C

Chris

United States

Yosef

United States

S

Sarah

Manor, TX, United States

H

HJ

Switzerland

GR

Gabe Radovsky

United States

R

Ruoyun

United Kingdom

Black and White Zebra

Vancouver, Canada

J

James

United Kingdom

A

Anonymous

United States

Nadine

Fremantle, Australia

KM

Kirk Moore

Cerdanyola del Vallès, Spain

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