School building project

Benson

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Benson

Member since

June 2020

On-time repayments

52 installments  •  37%

About Me

I am a dedicated trained teacher, business administrator, HR specialist and an entrepreneur.
I am married with one wife and four children; two girls and two boys.
I love to empower others economically and the sure way l thought of doing this is coming up with a business that within my expertise jurisdiction.
So, in 2012, l registered a school which is run as a private school in Lusaka. It is called Primetime Christian Academy.

My Business

My business is called Primetime Christian Academy. It runs from Kindergarten to Primary in the 6th grade. It is located within a compound of Matero North in Lusaka.
It has a population of 120 students ranging from 2 years to 12 years.
The business runs a one stream grade pattern.
The main thrust of the school is effective reading and writing among the learners, coupled with numeracy.
It is a fully registered business entity according to the laws of the Republic of Zambia in as far as Patent and Companies Registration Agency (PACRA) is concerned.

Loan Proposal

The loan will be used to buy building sand and cement. Even if this loan is not enough, it will make a good start. The whole project requires ZMW54000 but this loan will make a positive inroad.
Other works are to buy building accessories for plumbing.

Income Source

We have continued with cloud meetings with selected parents who have been consistent in paying for their children's elearning using zoom.

We have further innovated the 'Home Based Education' where we taking education to the doorsteps of households. Because of lockdown on schools, children are at home and with our devised business model of charging ZMW50 per household, we are targeting economies of scale. The response in the 50 households as pilot project, the response has been overwhelming. With more financial resource base, we hope to scale up. This means more revenue.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$401.00

Date disbursed

Aug 17, 2020

Repayment status

On Time

Projected term

5 weeks

Lenders

sebastienrosa

Quebec, Canada

mraph

Virginia, United States

Padrino

Kilkenny, Ireland

L

Lolababalola

Ames, United States

S

Sjors

Eindhoven, Netherlands

Sirko

Brandenburg An Der Havel, Germany

rjb

Phnom Penh, Cambodia, United Kingdom

Fred

Germany

Elly

Woudrichem, United Kingdom

Wendy

Los Angeles, United States

AS

Asa Svensson

Stockholm, Sweden

Paul Buchheit

Mountain View, United States

Ronald Chua

Kuala Lumpur, Malaysia

MM

Mac McKiva

United States

A

Anonymous

United States

Darrell Burgan

Dallas, TX, United States

Frosty

North Pole, United States

Godpower danjuma

Niger, Nigeria

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

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  • Chama    Sep 2, 2021

    Benson will soon pay back the loan next week

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  • Chama    Aug 2, 2021

    Benson said that he will pay back the loan next week he was having issues

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  • Chama    Jul 1, 2021

    My dear lenders
    I talked to Benson and he said that he wil pay back the loan on time soon.

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  • Benson    Jun 27, 2021

    Limited or no cash flow at all

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  • Benson    Jun 7, 2021

    Limited cash

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  • Benson    May 24, 2021

    It will be easier to pay.

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  • Benson    May 17, 2021

    The income from business took a new twist and disturbed the cash flow. The adjusted one will be easier for now.

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  • Jesper    May 15, 2021

    Benson is going through financial challenges with his business. He has promised to work on repaying in the shortest time.

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  • Mpundu    Apr 21, 2021

    He said that he will pay next week

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  • Mogarn    Mar 17, 2021

    I called him and he said that he will repay the loan soon

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  • Mogarn    Mar 17, 2021

    He said that he he break of his work but very he will start repaying.

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  • Benson    Mar 1, 2021

    Not yet stabilized financially

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  • Mogarn    Feb 17, 2021

    I have talked to Benson and he said that he had a problem but he is promising to start repaying very soon.

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  • Benson    Jan 25, 2021

    Business has been hard....schools are not yet reopened.

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  • Benson    Dec 29, 2020

    This has been due to the unforeseen business pattern erratic cash flow.
    I will bounce back to the normal repayment pattern as before.

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  • Chiozya    Dec 27, 2020

    Dear Lenders,

    I called Benson and he explained to me that he plans to make a repayment towards his loan soon. Thank you.

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  • Benson    Nov 19, 2020

    This is because the collections from parents have slowed down but will be able to revert to the original pattern of repayment even sooner.

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  • Benson    Nov 12, 2020

    I have received ZMW 9750

    I will buy building blocks

    Thank you for the loan

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  • Benson    Nov 10, 2020

    *This money will be used to buy blocks and other building materials
    *This will help the school enrolment to go up, which means the income will increase.
    *Thank you very much lenders for the loan

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  • Benson    Nov 4, 2020

    I have already paid the remaining ZMW 1571 equivalent to two installments. I was motivated to do so because of the attractive credit limit of over ZMW 15000 I have been awarded. I strongly feel this amount will help me reach near completion of my project.

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