Classroom desks for our school

Fostina Namuyemba

Chilabombwe, Zambia

100% repaid

Entrepreneur

Name

Fostina Namuyemba

Location

Chilabombwe, Zambia

On-time repayments

14 weekly installments  •  100%

About Me

My name is Fostina Namuyemba am 24 years of age. I completed both primary and Secondary education. Then after I trained as teacher for 3 years at Nkhwame Nkrume School of Education in the Central Province, Kabwe town called today the formerly known broken hill town. Am working as teach and I own my own small private school in Lusaka. Am interested in apply for the loan because I need to help the school buy class room desks which the school is lacking.

My Business

I running a private school in our community which I opened 2 years ago. At the school I private early childhood education such as baby class, pre-grades and Primary education. There the same community there is no any other school apart from my school .Hence demand is very high for school places. I choose education business because am a teacher by profession. Therefore I earn good profits and the profits I earn from from school fees I use to buy school materials to improve the learning standard of the learners at school

Loan Proposal

With this loan am applying for I need to buy add more class room desks because the demand for enrolment is very high but the school lacks class room desks. Should the school buy more desks, the school will expected to enrol more learners in the community and increase school revenue and that is the only the school generate more income and improve the school for all the learners.

Income Source

Am current working as teacher and I also earn monthly salary, in addition from salary I also earn salary from the school which am running and therefore the private education centre also receives money from school fees and the sale of school uniforms.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$38.63

Date disbursed

May 12, 2021

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: 5% of $38.63 = $2.54

Credit risk payment: $10.37

Lenders

EH

Ed Hendrickson

Ames, Iowa, United States

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