Purchase of learning materials for youth in hostel

Benson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Benson

Member since

April 2014

On-time repayments

67 installments  •  51%

About Me

I was brought up in the Western rural community. When my parents passed on, well wishers assisted me to go through my primary and secondary education. I later started a small business in the rural, selling vegetables and other horticultural produce at the local markets. Later, I joined a youth group where I underwent entrepreneurship training. We got financial support that we used to purchase interlocking bricks machine. The project is ongoing and helping many community members.
I started my own business in the suburbs of Kawangware. I offer hostel services to students in the low income earning families. I wish to expand the housing to accommodate more students.

My Business

I operate a hostel service in the Kawangware slums. Many families in this community are mostly single parent. Most of the parents/guardians work as casuals (house helps) in homes in the adjacent Lavington estate. They therefore find jobs which require them to stay at the work place. To find a means to stay for their children who attend school, I offer the hostel services, though the children go to different school in the slums. I have decided to reinvest the profits to expand more on infrastructure and materials required for homework help.

Loan Proposal

I just discovered that parents want to leave their children with people who can enhance their academics and knowledge in general. I plan to purchase learning material for the students in Webstar hostel to help them improve in their academics so as to attract more clients. I intend to buy revision books and expand the hostel further and also employ an additional part-time teacher who will assist the boys in the hostel with homework and other challenging areas in their studies.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.00

Date disbursed

Mar 24, 2015

Repayment status

On Time

Projected term

5 months

Lenders

sebastienrosa

Quebec, Canada

B

BenBurum

BOXBOROUGH, United States

T

thebonseung

Republic of Korea

MD

Miles Dodge

CORVALLIS, United States

V

Vivek

Arlington, VA, United States

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