Opening a junior school for tuition during the holidays

Samuel Kagiri

Solai, Kenya

16% repaid

Entrepreneur

Name

Samuel Kagiri

Member since

November 2012

On-time repayments

144 installments  •  35%

About Me

I am a citizen from Kenya aged 27 year of age by the name Samuel Kagiri and a teacher by profession, I was born in year 1984 at Solai which is in Rift valley in Nakuru District which is now Nakuru County, I later joined a nursery school in 1990 but eventually I was graduated to class one because I was very clever, I started my primary education in year 1991 at Solai Primary school up to class two after we migrated to Nyamamithi and I was transferred to the nearby school at Mirema primary school where I joined class three and completed up the class eight and sit for my Kenya certificate of primary education(K.C.P.E) at the same school in year 1998 and managed to get 410 marks out of 700 being the first one in our school, due to school fees problem I was not able to joined a secondary school as the other joined at February and I was forced to stay home for five month but at the mid of second term I was lucky at joined one of the best secondary school in our District by the name Kisanana Secondary School which is at Koibatek and with a lot of effort so as to catch up with the others, I continued with rest of the classes up to year 2002 where I sat for my Kenya Certificate of secondary education (K.C.S.E) and managed to get a mean grade of B plain of 67 points. Later after completion of my education I started farming within our area waiting for university intake , only to be shocked, the university grade pass mark was 69 points compared to mine which was 67 which made me to loose hope of life and my mind was telling me to repeat, but at the same year I was invited to joined HighRigde Teacher Training College for P1 teachers and out of will I was forced to joined thou I lacked school fees, I got a well wisher who supported me in paying the fees, after completion of my training , I was employed as a teacher for two terms in Jamuhuri Primary school at Solai which is a public school, from there I was employed to various private school one being St.Peter & Paul Academy at Kiptagwanyi for about 1½year and currently I am working at Solai Academy being a teacher. I have a wife who is also a teacher but not employed who worked in our bookshop and we have no kid for we are new couples. I am a Christian and an active follower of Catholic Church within our community. I live at Kamukunji at Solai in plot No 179 house No 4 where I still own a business.

My Business

MY BUSSINESS A BOOK SHOP
My business is entitled by the name Flamingo bookshop and photocopy, it is located at Kamukunji trading center near Patel plantation which is around five kilometers from our next trading center Solai Center and our nearest town is about 31 kilometer from Kamukunji which is Nakuru town, twenty kilometers to Maili kumi junction on Nakuru – Nyahururu highway toward our town Nakuru, which is the major town in these area. My business was opened in March year 2010 after I borrowed some money from our group which is Dafki Self Help Group in year 2010. My business include selling stationeries e.g. new test books ,exercise books ,pens, pencils, chalks, foolscaps, office glue, all sizes of envelopes ,photocopy papers, examination papers all sizes of laminating papers etc, and a complete set of computer type Dell with a speed of 256 and a memory of 40GB I also have Hp photocopier and a lamination machine which help me in running the business, recently I bought a EPSON machine worthy thirty five thousand(ksh35000) and a SAMSUNG digital camera worthy eleven thousand(ksh11000) which will help me in taking photos and producing them using my EPSON machine, during these December holiday , it also include photocopy service, lamination, type setting and scanning. The business is a sole proprietor but I have employed one young man to assist my wife who is my trustee and she is also the manager to the business my business have a stock of about one hundred and eighty thousand and following these I have insured it. Insurance will ensure support for any risk e.g. fire, theft which may occur, for compensation I have coved my business with AMACO insurance company also the bissines have been under the county council of Nakuru thus making it legal, I proposed to start these bissiness after public demand and by my own observation in that area there was no bookshop within the area and people were forced to move to Nakuru for their shopping. The business Is profitable because I am a teacher thus allowing me to supply exicisebook in place of work and other services to neigh by school in large quantity, also the business is located at a strategic position and is well know to many people in that area, main challenge facing these kind of business lack of enough capital to satisfy the demand.

Loan Proposal

Dear Lenders,
I hope are all doing well. I am doing well as well as my business. We just closed school and here comes another long holiday that runs till January. I am hoping to take advantages at the pupils who are at home. I a planning to use the loan to start a tuition for junior pupils. I will use the loan to rent rooms. This will cost about 20000ksh(about 230US dollars) to rent four rooms at a cost of 2500ksh(about 28 US dollars) per room per month. Four rooms will be 10000ksh(about 114 US dollars)per month and 20000ksh( US dollars 113)for two months. The remaining amount of 22463ksh(about 255 US dollars) will be used to cater for two tutors and books to be used during the tuition. The total cost for the programme is 42463ksh.(About 483 US dollars)
The revenue am planning to get is as follows.
I am targeting 40kids per class and I will be having four classes i.e class 5 to 8. That makes 160 pupils. Each kid will pay 500(about 6 US dollars)ksh per month and for two months will be 1000ksh(about 12 US dollars). In total I will get 160000ksh(1818US dollars)
Net returns will be 117537ksh(1336 US dollars).I hope my loan will be funded soon. Thanks.

Show original English  

About Me

I am a citizen from Kenya aged 27 year of age by the name Samuel Kagiri and a teacher by profession, I was born in year 1984 at Solai which is in Rift valley in Nakuru District which is now Nakuru County, I later joined a nursery school in 1990 but eventually I was graduated to class one because I was very clever, I started my primary education in year 1991 at Solai Primary school up to class two after we migrated to Nyamamithi and I was transferred to the nearby school at Mirema primary school where I joined class three and completed up the class eight and sit for my Kenya certificate of primary education(K.C.P.E) at the same school in year 1998 and managed to get 410 marks out of 700 being the first one in our school, due to school fees problem I was not able to joined a secondary school as the other joined at February and I was forced to stay home for five month but at the mid of second term I was lucky at joined one of the best secondary school in our District by the name Kisanana Secondary School which is at Koibatek and with a lot of effort so as to catch up with the others, I continued with rest of the classes up to year 2002 where I sat for my Kenya Certificate of secondary education (K.C.S.E) and managed to get a mean grade of B plain of 67 points. Later after completion of my education I started farming within our area waiting for university intake , only to be shocked, the university grade pass mark was 69 points compared to mine which was 67 which made me to loose hope of life and my mind was telling me to repeat, but at the same year I was invited to joined HighRigde Teacher Training College for P1 teachers and out of will I was forced to joined thou I lacked school fees, I got a well wisher who supported me in paying the fees, after completion of my training , I was employed as a teacher for two terms in Jamuhuri Primary school at Solai which is a public school, from there I was employed to various private school one being St.Peter & Paul Academy at Kiptagwanyi for about 1½year and currently I am working at Solai Academy being a teacher. I have a wife who is also a teacher but not employed who worked in our bookshop and we have no kid for we are new couples. I am a Christian and an active follower of Catholic Church within our community. I live at Kamukunji at Solai in plot No 179 house No 4 where I still own a business.

My Business

MY BUSSINESS A BOOK SHOP
My business is entitled by the name Flamingo bookshop and photocopy, it is located at Kamukunji trading center near Patel plantation which is around five kilometers from our next trading center Solai Center and our nearest town is about 31 kilometer from Kamukunji which is Nakuru town, twenty kilometers to Maili kumi junction on Nakuru – Nyahururu highway toward our town Nakuru, which is the major town in these area. My business was opened in March year 2010 after I borrowed some money from our group which is Dafki Self Help Group in year 2010. My business include selling stationeries e.g. new test books ,exercise books ,pens, pencils, chalks, foolscaps, office glue, all sizes of envelopes ,photocopy papers, examination papers all sizes of laminating papers etc, and a complete set of computer type Dell with a speed of 256 and a memory of 40GB I also have Hp photocopier and a lamination machine which help me in running the business, recently I bought a EPSON machine worthy thirty five thousand(ksh35000) and a SAMSUNG digital camera worthy eleven thousand(ksh11000) which will help me in taking photos and producing them using my EPSON machine, during these December holiday , it also include photocopy service, lamination, type setting and scanning. The business is a sole proprietor but I have employed one young man to assist my wife who is my trustee and she is also the manager to the business my business have a stock of about one hundred and eighty thousand and following these I have insured it. Insurance will ensure support for any risk e.g. fire, theft which may occur, for compensation I have coved my business with AMACO insurance company also the bissines have been under the county council of Nakuru thus making it legal, I proposed to start these bissiness after public demand and by my own observation in that area there was no bookshop within the area and people were forced to move to Nakuru for their shopping. The business Is profitable because I am a teacher thus allowing me to supply exicisebook in place of work and other services to neigh by school in large quantity, also the business is located at a strategic position and is well know to many people in that area, main challenge facing these kind of business lack of enough capital to satisfy the demand.

Loan Proposal

Dear Lenders,
I hope are all doing well. I am doing well as well as my business. We just closed school and here comes another long holiday that runs till January. I am hoping to take advantages at the pupils who are at home. I a planning to use the loan to start a tuition for junior pupils. I will use the loan to rent rooms. This will cost about 20000ksh(about 230US dollars) to rent four rooms at a cost of 2500ksh(about 28 US dollars) per room per month. Four rooms will be 10000ksh(about 114 US dollars)per month and 20000ksh( US dollars 113)for two months. The remaining amount of 22463ksh(about 255 US dollars) will be used to cater for two tutors and books to be used during the tuition. The total cost for the programme is 42463ksh.(About 483 US dollars)
The revenue am planning to get is as follows.
I am targeting 40kids per class and I will be having four classes i.e class 5 to 8. That makes 160 pupils. Each kid will pay 500(about 6 US dollars)ksh per month and for two months will be 1000ksh(about 12 US dollars). In total I will get 160000ksh(1818US dollars)
Net returns will be 117537ksh(1336 US dollars).I hope my loan will be funded soon. Thanks.

Feedback

7

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Loan Info

Project Type

Classic Loan

Disbursed amount

$482.20

Date disbursed

Nov 12, 2014

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Lender interest: $482.20 at 7.45% annual rate over 24 months = $71.55

Service fee: $35.09

Lenders

investor

Candiac, Canada

D

Dadiolafs

Vestmannaeyjar, Iceland

ads68

Melbourne, Australia

Bobrm2k3

Charleston, United States

Cricketca

San Jose, United States

E

E

Marin county, United States

Garry Tan

San Francisco, California, United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

C

chrishol

United States

T

tommychheng

san francisco, United States

Vesa

Helsinki, Finland

Loungin

United States

P

Prometheus

Duisburg, Germany

O

ORBP1

Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Samuel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • bconrad    Dec 1, 2014

    Dear Lenders,

    Due to a data entry error, a payment from Samuel on November 21st was entered multiple times erroneously. Once this error is fixed in our system, the funds in your lender accounts will decrease accordingly. We apologize for this error and any inconvenience it causes you!

    Thank you,
    Bayle, Country Liaison Manager

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  • Samuel Kagiri    Nov 25, 2014

    DEAR LENDERS
    I would to change my payment installment by reducing the amount,the reason behind this is because i was expecting to rent more classroom for tuition,which is still on the process and most parent who i have their kid opted to be paying their money on monthly bases ,this have made to use my own money as i wait to be paid end month ,by this i wil resume to my normal payment

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  • Samuel Kagiri    Nov 12, 2014

    THANKS LENDERS FOR FUNDING MY LOAN ON TIME
    Dear lenders and zidisha team, i very greatful this morning for making my dream come true,with this money i will be able to rent more classrooms and by this i will be able to register more juniors and be able to pay my teachers on time,THANKS

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  • Samuel Kagiri    Nov 11, 2014

    Dear margaret julliet,i very greatful for posting a positive comment on my profile,i have been doing this over the holidays for the past two years and during this long holiday i am expecting to get more juniors who need to be coached overthis December holiday;i hope more lenders will come up to surport me and make my dream come true,THANKS ALL LENDERS

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  • Margaret Julliet    Nov 11, 2014

    Hey Samuel, I am so impressed by your move. There is no better way to create an impact in the world than to pass on knowledge to the young ones. At your age your are bound to make a very great impact. Please stay focused.

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  • Samuel Kagiri    Nov 11, 2014

    THANK YOU all lenders for supporting my loan bid ,i can see your efffort,i am still on the process of registering kidspupils as per now i have fourty student and i am expecting some more student from puplic school who have not closed their school, i have rented two classrooms and iam expecting their tution to start by tomorrow,this student will be coached by my wife who is also a teacher as we wait others to come .

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  • Samuel Kagiri    Nov 7, 2014

    Dear Bayle,
    the transaction ID for that repayment is FX71VV169

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    • bconrad    Nov 7, 2014

      Dear Samuel,

      Checking our MPESA account, I do not see a transaction for you under this ID. Did you make it on a different day?

      Thank you,
      Bayle, Country Liaison Manager

      Log in to reply • Share
  • Samuel Kagiri    Nov 7, 2014

    Dear Bayle,
    I wish to enquire about my final repayment. I sent a repayment of 21375ksh on 4th November but the amount is yet to reflect on my account. Please check it for me.

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  • Samuel Kagiri    Nov 4, 2014

    Dear lenders.
    I hope you are all doing well. I am doing well as well as my business. The business has gone down slightly. This has been attributed by drought in our area. Most people are not purchasing andthis haa made my revenue to go down slightly. I wish however to repay all my outstanding balance at the moment

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  • Samuel Kagiri    Aug 15, 2014

    Dear lenders and all zidisha team i would like to reschedule my loan this tme round again,the reason bihind this is that i had applied for to join one of the universities last month and the result come yesterday and i was lucky to join one of them which i am supposed to report early nest month and i need some monies for that preparation.

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  • Samuel Kagiri    Jul 25, 2014

    Dear lenders,
    I wish to reschedule my loan. I have not been in a position to repay my weekly repayment. I had gone for an educational trip which was scheduled by the school and I was not in a position to send my weekly repayments. I am hoping that I will be able to send the repayment coming week. I am hoping to maintain my on time repayment.

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  • Samuel Kagiri    Jul 13, 2014

    DEAR ZIDISHA,The business currently resuming to it normal,currently i am planing to start a small pre unit school,this will be an an advantage to my business and also i will create a job vacancy to my wife who is a teacher,

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  • Samuel Kagiri    Jun 27, 2014

    DEAR LENDRES,i wish to take this opportunity to reschedule my loan by skipping this week and resume back to my normal pay by next week,this is due to some personal issue which come along this week and just to mentioned is that i graduated from my pi certificate to Degree and so i was not in a position to pay the loan because of that reparation.

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  • KM    Feb 12, 2014

    Hello again Mr. Kagiri - Thank-you again for making repayments ahead of time. I am curious - do you sell any fiction books at your bookshop, and if so which are most popular?

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  • KM    Oct 2, 2013

    Hello Mr. Kagiri - Thank-you for making such a large repayment ahead of time. Have you been able to open a second outlet?

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  • Samuel Kagiri    Aug 23, 2013

    Thankyou zidisha for coming up at this last moment when my loan was just to abuot to expire ,i was worried obout it but now i am happy that it is fully funded and very soon i wil have money in my pocket, thank you even for the others who supported my bid i will invest the money and very soon i will be paying the money back

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    • KM    Aug 25, 2013

      Hello Mr. Kagiri - I too am glad to see that your loan was funded. I enjoy very much spending time at bookshops, and so am happy to su0pport yours in my small way. Best of luck!

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  • Samuel Kagiri    Aug 7, 2013

    Dear zidisha team and my dear lenders ,i would like to make my final repayment this month and pay my loan withine a period of five month,this is because my bussiness have been doing well last month and i got more profit from the bussiness thus i see it better to complete my outstanding balance,especially this month were by school are being closed and early next month i would have gotten another loan which i will use to stock my bookshop

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  • Samuel Kagiri    Mar 14, 2013

    Hi all our lenders and zidisha in general ,i have decided to reschedule my loan payment by one month ehead because i would not make it at this month due to some challages /problem at our country i.e general election which made us to close my bussiness for long and when i opened early this week,they was no customers thus our bissiness are stagnant by now ,but hopping coming next month all would be good .thanks ,from mr Samuel kagiri

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