Edward Gitau
Rongai Town, Kimangu Central Village, Kenya
30% repaid
Entrepreneur
Name
Edward Gitau
Member since
December 2011
On-time repayments
69 installments • 28%
About Me
My names are Edward Gitau Kamau, ID no 5583966 born on 15th may 1964 in Kenya. I started my education in Taito primary school in the current central Nandi district. I joined Kapsabet High school for O-level and mother of apostles seminary-Eldoret for A-level. I later joined Kenyatta University and graduated with a bachelor of education degree.
I am married to one wife and we have two children, Alpha and wincy. They are twins aged two years. I stay with my family on a two acre piece of land where I have already established a primary school. My wife is a trained and unemployed primary school teacher. I started the school so that she could be self employed. The earnings from the business are mainly used for expansions and improvements of the school.
My Business
The school runs from ECD (early childhood development) to standard five. It is the only privately owned primary school within a radius of 5 square kilometers. Currently the school has 90 pupils; 30 in ECD translating to 30 x 800= Ksh 24,000 per term and 60 in standard one to five; translating to 60x 3,000= Ks180,000 per term. The gross income from the school is approximately Ksh 204,000.
The school has five regular teachers with a salary of Ksh 5,000 per month translating to 5 x 3 x 50000 = ksh 75,000 per term. Stationary and other contingencies cost Ksh 30,000 per term.
The profit margin at the end of the term comes to ksh 100,000. This is a monthly income of Ksh 33,000. This combined with my net salary of Ks 25,000 comes to Ksh 58,000 per month.
To increase enrollment and consequent income, I intend to start a school feeding program. I also want to build a kitchen that will cost around Ksh 50,000 and equipments of a further Ksh 15,000. I am in the process of completing two classrooms at at a cost of Ksh 85,000.
Loan Proposal
I intend to construct more classes. The amount from Zidisha is not enough so I intend to supplement by using the school fees collected. This year, my school will be having its first national examiantion candidates (KCSE). This hopefully, will put my school at per with those that have already done the national examination. The consequence of this is that more pupils will now join our school hence a need for more space.my previous loan was used to lay foundation for two classrooms and i hope my current loan application will go through so that i can finish the construction before January.I would like my school to benefit my community and to this end am currently supporting six orphans free of charge.I thank zidisha for enabling me achieve this much- I look forward to more help from zidisha n other well wishers
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Loan Info
Project Type
Classic Loan
Disbursed amount
$906.00
Date disbursed
Oct 6, 2012
Repayment status
Late
Projected term
61 months
Other loans
Lenders
Östersund, Sweden
Nepean, Canada
test, United States
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