Loan to build a new classroom

Renson

Karama Market, Kenya

100% repaid

Entrepreneur

Name

Renson

Member since

February 2015

On-time repayments

184 installments  •  40%

About Me

I am 33 years of age born and brought up in Runyenjes, Embu County in the Eastern part of Kenya. I went to Muragari Primary School, then Muragari Primary School before proceeding to ST Marks Teachers College in Kigari where I graduated with a P1 teaching Certificate.
I started teaching practice in 2005 in various schools but the conditions were not very favorable for my personal growth. 3 years ago, I partnered with Mr. Charles Mwongo (the chairman of Shiners Academy) to start a kindergarten school. The turnout has been very good and particularly this year, we do not have enough space to host the pupils. The success of the business is a great inspiration for me and I look forward to be the best education service provider in the region. I am a resilient person who believes in handwork, prayers and commitment in anything I do.
I am married with one wife and a son. During my free time, I like reading in the library, having fun with my family or attending church services.

My Business

The Academy ( Shiners Academy) started in 2012 with 40 kids but we’ve grown to over 300 pupils as at Aug 2018. Mainly we offer normal day teaching classes to kids from the neighborhood and also offer remedial practice in the evening for needy pupils. We charge school fees of $30 per term, getting a gross of around $4500 in one term. After deductions the school makes around $1800 profit in one term (3 months). The school has 11 teachers plus the two directors (I and chairman).
Last year, we got registered with tge government to register the school because the performance for the kids is very good. If I got funded, I'd use the funds to build new classes that will reduce congestion in the school. I will be able to accommodate more kids and the school will have a stronger foundation.

Loan Proposal

Dear Lenders,

After i got my first loan, I was able to build two new classrooms. This way, I was able to accommodate more pupils in my school and this translated to more revenue. I was able to clear my loan on time and had some money left to cater for my expenses. I intend to build one more classroom and use some funds to buy more books for the pupils. I believe this will double my revenue and cement my commitment to the parents and guardians who have brought their children to my school. I will pay my loan with ease, pay my expenses and save the rest in the school kitty.

Regards,
Renson

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.00

Date disbursed

Jun 26, 2015

Repayment status

On Time

Projected term

3 months

Lenders

W

WilsonLending

Atlanta, United States

mbunifu

San Jose, United States

José Antonio

Carapicuíba, Brazil

lorrymac

Killough, United Kingdom

Zidisha

Sterling, United States

P

psimeon

Palo Alto, United States

Apmay

Melbourne, Australia

J

JandC

Watsonville, United States

Z

Zippo

Berlin, Germany

D

danderson1953

Plainsboro, United States

N

nanax005

SALEM, United States

E

eboleaga

Mexico City, Mexico

C

Caalve

Bratislava, Slovakia

A

Andy

Berlin, United States

hugomesser

Blokker, Netherlands

T

TurgayAlihos

SOUTHBANK, Australia

B

bonndan

Bonn, Germany

jan73

Eugene, United States

C

cerowain

Melbourne, Australia

zZola

Gilford, United States

C

Clben7

Cincinnati, United States

Déméter&Kotler

Paris, France

SP

Scott Palmer

branford, United States

Shemuel

New Jersey, United States

Paul Buchheit

Mountain View, United States

H

Heroofcanton

United States

R

retzroff

United States

K

Kimbo

Vietnam

T

Tim47

United States

M

Medagan

San Franciso, United States

adrianz

United States

L

LondonTown

United Kingdom

JP

James Parker

Sacramento, United States

Lauren

United Kingdom

M

mmartin

United States

Fred

Germany

Deb Fox

Melbourne, Australia

S

SP

United States

Mark Thumpston

Solihull, UK, United Kingdom

Jack Doolan

Newcastle, United Kingdom

MM

Mike Markovich

Toronto, Canada, Canada

V

Vantine

United States

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  • Renson    Apr 3, 2024

    Hello once again Zidisha members,am so greatful for funding me fully,with that I will buy gutters and fix them for water Harvesting in my growing Academy,This will help me harvest enough water to use for a couple of months before next rainy season.
    Thankyou so much for making my project possible at the right time.

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  • Renson    Nov 17, 2018

    Hi zisdisha,some one help please.I completed paying my loan.but applying another is abit difficult uploading information like photos.thax

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  • Emma    Jul 15, 2018

    Great job Renson :-) Nice to see how well you're coming along :-) There's not much left now, you're doing so well :-)

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    • Renson    Jul 16, 2018

      Thankyou Emma.circumstances forced me to go slow.sickness plus some challenges since my school business needed a class which was much expensive.now am back and believe that Zidisha has not done away with me yet coz I feel I now need to pay back.Thax to Eric for encouragement.Thanks a lot Emma too.I a sure you am back I will speed up payments.found well

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      • Emma    Jul 24, 2018

        I'm sorry to hear you've been unwell, & the challenges you've had in your way. But, am very impressed with how much a little encouragement helped you to believe in yourself again Renson :-) You're doing so well, good job :-)

        I hope the added class is going nicely, and that life in general is making you smile :-) All the best Renson, Emma from Australia.

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  • Emma    Jun 28, 2018

    You ok Renson? Hope life's treating you nicely :-)

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  • Emma    Jan 24, 2018

    Well done Renson :-) You're doing so well, its great to see you back :-)

    All the best with everything, Emma.

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  • Felix    Jan 11, 2018

    Hello lenders I have talked to Nyaga again at length he is ok and better now. he has promised to send in hes payment on Sunday or Monday next week. thank you.

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  • Emma    Jan 7, 2018

    Hi Renson,

    We still believe in you :-) You can do it... It doesn't matter if you're a little bit late. Just give everyone an update sometime soon so we know you're not a ghost :-) You'll be ok, you can do it... You're over halfway there :-)

    All the best, Emma from Australia.

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  • Felix    Jul 22, 2017

    Hi mr Nyaga has been sick he promised to resume once he is back to work. Thanks.

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  • Felix    May 6, 2017

    Hi lenders! Just talked Nyaga he promise to send his payment by Tuesday, thanks.

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  • Felix    Jan 7, 2017

    Hello lenders, just talked to Nyaga he is positive and set to update payments on monday.

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  • Felix    Nov 25, 2016

    hello lenders am still following up on Mr Nyaga efforts to reach him are fruitless but am still trying to reach him once i reach out to him I will update you.

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  • Renson    Feb 22, 2016

    I was paying most of my bills this month so it has effected my payment. I will resume normal payment in the coming weeks

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  • Felix    Feb 1, 2016

    Hi dear lenders had another discussion with Mr Nyaga and he promised to clear the arrears by 15th of Feb please bear with him.

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  • Felix    Jan 8, 2016

    Hello lenders Kindly bear with Nyaga He will update his payments soon for schools just resumed this week he is positive about clearing the arrears. Thank you.

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  • Felix    Dec 8, 2015

    Hi lenders had discussion with mr. Nyaga he is fine just had some financial constrains but promised to settle the payments soonest possible.

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  • Renson    Oct 21, 2015

    Most of the parents have delayed payment of school fees but i am hopeful things will be better soon.

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  • Renson    Sep 30, 2015

    Thank you lenders for funding my loan. I will use the funds for its intended purposes

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  • Renson    Sep 16, 2015

    The previous loan was of great help to me. I have expanded the facility to accommodate more pupils and the returns have continued to increase, thanks to Zidisha and my lenders for the support.

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  • Elijah    Jul 14, 2015

    Renson,

    Am happy your school is doing well, after the funding.

    Thank you for your continued repayments.

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