The piano project

Entrepreneur

About Me

My name is Andrew Ngoiya Kangethe from Kiambu County. I am a boy number 5 in a family of 7, all boys. I went to school up to college and I did just 1 year of college but could not go on with my course due to financial constrains and also to allow the young ones to be educated too.
After falling out of college I joined a church and I taught myself to play the piano by ear. I was employed by the church to be a piano player but the pay was poor and couldn’t manage my bills. I always had a dream of owning my own piano school to teach other kids how to do it too and make a living out of it. I worked several odd jobs and managed to get a bit of money to rent out a small office from where I could teach from. I borrowed a piano from a father figure friend of the church from where I was working and I started that way. The school picked up slowly but due to financial constraints and family needs I am always left with very little for expansion, pretty much feels like chasing my tail. Am always left in need but am grateful to make the small I make because it makes me of help to my siblings.
I am resilient and ambitious and I believe there is hope for me.
During my free time I like swimming and riding bicycle. I also love doing social work, helping in the community projects and in church.

My Business

My business is about teaching people especially the youth and the children to play the musical instruments. I do my business in Kiambu Town off Nairobi city. My target clients are the low income earners and secondary school leavers, so I always charge them something small to keep my business afloat. The demand for the piano lessons is becoming rapid and in a good month my revenues average between $300 - $350 and my expenses about $130- $150 so on average so in a month I make $130 profit, give or take. I spend the money on paying fees for my siblings, general family expenses and saving for my college fees.

Loan Proposal

This loan will go to purchasing another piano, this time a smaller one, 5 octave keys. This piano will help with the steady rise in small children who are signing up with us.
The 88 keys one is a weighted keyboard and the children are finding a hard time playing it. The 66 keys one is a soft keys one which will be easier to play for the small children . Am so excited to see growth in this school. Am happy to see the unfolding of my dream. Am hoping to purchase over 5 pianos as the school grows. A Yamaha PSR E-333 goes for 30,000 KES and i will be able to purchase it off the shelf instead of using the hire purchase way.
Even as the school grows, am planning on steadily increase the fee, slowly and gradually. Its a new phase and am hoping to clear with this loan so that I can apply for another to make sure i realize my dream of having more than 5 keyboards in this school. There has been a steady increase in students who are signing up with us and am all fired up.

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Loan Info

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