School expansion to accommodate more pupils
Naomi
Karama, Meru County, Kenya
100% repaid
Entrepreneur
Name
Naomi
Member since
February 2015
On-time repayments
105 installments • 23%
About Me
I am 32 years of age born and brought up in Antuanduru Location, Tigania District, Meru County in the Eastern Kenya. I went to Antuanduru Primary School, Maua Secondary school then proceeded to Thogoto Teachers College in Kikuyu, Nairobi where I graduated with a P1 teaching Certificate.
I started teaching practice in 2007 in various schools but the conditions were not very favorable for my personal growth. 3 years ago, I partnered with Mr. Charles Mwongo (the chairman of Shiners Academy) and Renson Nyaga (School Manager) to start a kindergarten school. The turnout has been very good and particularly this year, we do not have enough space to host the pupils. The success of the business is a great inspiration for me and I look forward to be the best education service provider in the region. I am a resilient person who believes in handwork, prayers and commitment in anything I do.
During my free time, I like reading in the library, having fun with my family or attending church fellowships.
My Business
The Academy started in 2012 with 40 kids but we’ve grown to over 150 pupils as at Jan 2015. Mainly we offer normal day teaching classes to kids from the neighborhood and also offer remedial practice in the evening for needy pupils. We charge school fees of $30 per term, getting a gross of around $4500 in one term. After deductions the school makes around $1800 profit in one term (3 months). The school has 7 teachers plus the two directors (Renson and Charles).
This year, we got approval from the government to register the school because the performance for the kids is very good.
Loan Proposal
Dear Lenders,
I am in need of funds to expand the school by building a new classroom and more desks to accommodate more pupils into my school. Dozens of parents want to bring their kids to the school but I don’t have enough space to accommodate them. If I am able to get more space, the returns from the business will double within a few months.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 17, 2015
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
United States
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