Please help me make my school kid-friendly

Jane

Nairobi,ruiru,wataalam, Kenya

100% repaid

Entrepreneur

Name

Jane

Member since

January 2014

On-time repayments

35 installments  •  63%

About Me

I'm a kid at heart.That is why after completing my secondary school education ,I started working as an un-trained teacher until I could afford my college fees.I now have a diploma in early childhood education and hopes to enroll for a bachelors degree in the near future.
I'm the sixth born in a family of six sisters and four brothers.
I have always wanted to have my own school and that is why after saving for 10 years and getting space I had to start my school business.My school is four years old .

My Business

I have always been passionate about children and that is why I chose teaching.My school opening schedule was a little affected by unfinished constructions.This made me lose out on a number of pupils on my list of admission.To meet my financial obligations without the expected income,I had to devise a new income stream and that is how I decided to start admission for non-school age children whose mothers are working .
There are quite a number of industries in my neighborhood.Many women working here cannot afford house girls and are always on the look out for day care centers.
My advantage is that I already have the infrastructure of a school thus more credible than competitors .On realizing the potential of the new income stream I hired a middle aged mother to take care of the children as I focus on the older kids in the school.
Unfortunately,my school being a start-up I do not have enough cash at hand to buy enough furniture and equipment conducive for the new early age kids.Currently,I want to add on low plastic chairs and continue raising money for better equipment.Many financial institutions can not finance me on the basis of potential and that is why I'm appealing on Zidisha lenders to lend me a hand in making my dream come true.
Currently I have 70 older kids and 8 under 3 years kids who bring an income as follows.

Fees per month 1700*70kids=119000
Day care fees per month 1000*8=8000

Total income =127000

Expenses
Rent 50000
Salaries 40000
Stationery 4000
My living expenses 10000
Profit [reinvested currently] 5000
I believe that with the new income stream,I will make a projected monthly profit of 50000 And now that constructions are complete,I also expect an increase in my student numbers.

Loan Proposal

I will use the money to buy extra plastic chairs for my very young learners.This will my my classroom more kid friendly and also allow me to take in more clients.
I appeal to lenders to assist me in this project which will ensure an extra income to my startup school while giving kids quality care and peace of mind to low income working mothers.

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 23, 2014

Repayment status

On Time

Projected term

8 weeks

Lenders

Zidisha

Sterling, United States

M

Mårten

Inden, Switzerland

C

ChrisG

Charlestown, Australia

paulclinton

malaga, Spain

H

howard

Vence, France

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

Loading...

Loading...

Loading...