Add a new classroom building to our school
Samuel
Eldoret, Kenya
13% repaid
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
The previous loan I took, I used to make desks. Because we starting new year, I will be admitting new pupils. I therefore intend to construct a premise for the new class I will be having next year. I be constructing an iron sheet house fitted inside with sideboard and cemented. I also need to make some furniture and a blackboard. I will also need to buy text books for smooth running of the school.The following is the breakdown of how I will use the loan:
Fifty iron sheet @$3=$150
Ten sideboards @$5=$50
One kg nail@$1=$1
Four bags of cement @$5=$20
One lorry of sand@$10= $10
Labour= $ 70
Total ----------$301
The $11 dollars on top I will raise from my savings.
When this project is implemented, the people staying around will have a nearby place that quality education is offered for their children. I will also hire about three employees, and I also sponsor around three pupils. The number of sponsorships will increase as we expand. As for I will increase my revenue, it will double what I have been getting.
Currently I have forty pupils.Each pay $3 per month totaling to $120.
Next year,I'm targeting 150 pupils @$4 totaling to $600.
So I will get a gross income of $ 480.
I'm going to have a total of four staff members each earning $100 totaling to $400. I will therefore have a net of $ 80. I trust God for growth in the near future.
This income I will use to fund my siblings education and take care of my parents. Any remaining amount is reinvested in the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$292.00
Date disbursed
Nov 20, 2016
Repayment status
Late
Projected term
60 months
Other loans
Lenders
Australia
United States
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