Loan to fund payment of my computer classes program

Charles

Nakuru, Kenya

34% repaid

Entrepreneur

Name

Charles

Member since

September 2016

On-time repayments

6 installments  •  33%

About Me

I am known as Charles Mbugua Kamau, i went to Kinangop Primary School, before joining Kirangage High school in Kiambu for secondary education. I schooled up to form four but never managed to join the university because of financial challenges.I therefore had to end my studies there and look for means of surviving now that i was being raised by a single mother who was just a doing farming and supporting other three children.
Being at home therefore for that long, i had to think of coming up with a smart idea to survive. I was advised by a close friend to study computer and then he will help me get a job at a nearby primary school to teach. I have now been working as a casual laborer offering my labour in exchange for pay. The money that i get i use it to support my siblings and save the remaining so as to use the money to pay for my computer school fee.
My business if offering labour for pay, i dig peoples pieces of land, carry laugages from place to place and get pay from that. The most unique think about where i come from is that many people are educated and therefore for anyone to be able to compete at the market places one must be educated.

My Business

I offer manual labour to people living close to our home for example, i dig people pieces of land, carry laugages and other materials from place to place and i also support my mother with her farming exercise.
this services are useful because they help enhance living for example when i cultivate someones land, i plant and also help take care of the plants until they are ready for harvest. The harvested food are then taken to the market places where they are sold as food.
This services are useful because i have established a good rapport with people around my place and therefore they give me work everyday and thereby getting money and be able to support my siblings at home.
I chose this kind of business because of the demand that was existing around our place, many people engage in farming and therefore i found it quite in order to venture into this business because i had also failed to go to the university because of financial challenges.
I use the profits that i make to support my siblings, my mother at home and also make some savings that i intend to use to pay my education fee as i plan to pursue computer literacy

Loan Proposal

Given 5 Us dollars, i will make an addition of 25 Us dollars to the loan making it 30 Us dollars. I will therefore use that loan to pay my school fee. This will help me get knowledge in computer literacy and thereby get employment as a computer teacher at a nearby primary school. This will help me increase my income and thereby being able to get more money and stable income because i will be getting monthly salary.
I expect to make a monthly salary of 200 Us dollars, this will help me run my business well, pay school fee for my siblings and also pay the loan with a lot of ease.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$6.00

Date disbursed

Sep 22, 2016

Repayment status

Late

Projected term

7 weeks

Lenders

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

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