Increase junior tuition services and employ an extra tutor
Albanus
Kilimambogo Village In Thika West Division, Kenya
18% repaid
Entrepreneur
Name
Albanus
Member since
September 2014
On-time repayments
98 installments • 2%
About Me
I am a Kenyan citizen born in year 1962 at Thika district, Gatuanyaga sub location. I started my primary school in Kilimambogo which is the village of my birth. later, i joined high school and did very well, however due to financial constrains, i joined a teaching college. i am a teacher by professional. i have worked in the education sector for a long time. I have work in various schools, therefore i have gained a lot of experience and always wished to own my own school. Fortunately an opportunity came beckoning. With the little amount from my savings, i rented a room and started remedial classes. I love soccer and volleyball, i also love drawing. I also read alot.
My Business
I have taken advantage of my profession as a teacher. For the past two years i have been conducting remedial tuition for students as part time. I have rented a single room for ksh 20000 (about 230 US dollars) where i tutor individual students for their exams. i have a population of 30 students. Each pays ksh 500 (about 6 US dollars) per month. this means that per month i earn around ksh 15,000 (about 164 US dollars) . I have been using the profits to support my children through their studies well as for basic needs.I also own a convenience store that sells food stuff.
Loan Proposal
Dear Lenders,
We have closed schools for a two months holiday. This means that the demand for remedial classes will be high. I will use the loan to rent an extra room at ksh 2,000 approximately (22 US dollars) this makes it (44 US dollars) for two rooms. i am targeting a total of 60 students, 30 in each class. with the increase in the number of students, i will use the remaining (54 US dollars) to hire an extra tutor and add more tuition materials like books and charts.
My income approximates are as follows,
30 students in each class, making a total of 60. each will pay 500 sh (6 US dollars) per month. this makes a total of approximately 30,000 per month (329 US dollars). the tuition will be on progress for two months, with which latter, plans of advancing to a full school will be underway. I hope my loan gets funded to enable me start right away. Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Nov 13, 2014
Repayment status
Late
Projected term
23 months
Lenders
Republic of Korea
Summary
Amount repaid
$22.16
Amount remaining
$99.70
Expected completion
Oct 9, 2016
Status
Repaying late
Installment amount
$1.14
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 23, 2014 | $6.25 | Nov 24, 2014 | $6.25 |
| Nov 30, 2014 | $0.00 | ||
| Dec 7, 2014 | $4.55 | Dec 8, 2014 | $4.55 |
| Dec 14, 2014 | $2.27 | Jan 27, 2015 | $2.27 |
| Dec 21, 2014 | $2.27 | Jan 27, 2015 | $2.27 |
| Dec 28, 2014 | $2.27 | Jan 27, 2015 | $2.27 |
| Jan 4, 2015 | $2.27 | Jan 27, 2015 | $2.27 |
| Jan 11, 2015 | $0.00 | ||
| Jan 18, 2015 | $0.00 | ||
| Jan 25, 2015 | $0.00 | ||
| Feb 1, 2015 | $1.14 | Apr 14, 2015 | $1.14 |
| Feb 8, 2015 | $1.14 | Apr 14, 2015 | $1.14 |
| Feb 15, 2015 | $1.14 | ||
| Feb 22, 2015 | $1.14 | ||
| Mar 1, 2015 | $1.14 | ||
| Mar 8, 2015 | $1.14 | ||
| Mar 15, 2015 | $1.14 | ||
| Mar 22, 2015 | $1.14 | ||
| Mar 29, 2015 | $1.14 | ||
| Apr 5, 2015 | $1.14 | ||
| Apr 12, 2015 | $1.14 | ||
| Apr 19, 2015 | $1.14 | ||
| Apr 26, 2015 | $1.14 | ||
| May 3, 2015 | $1.14 | ||
| May 10, 2015 | $1.14 | ||
| May 17, 2015 | $1.14 | ||
| May 24, 2015 | $1.14 | ||
| May 31, 2015 | $1.14 | ||
| Jun 7, 2015 | $1.14 | ||
| Jun 14, 2015 | $1.14 | ||
| Jun 21, 2015 | $1.14 | ||
| Jun 28, 2015 | $1.14 | ||
| Jul 5, 2015 | $1.14 | ||
| Jul 12, 2015 | $1.14 | ||
| Jul 19, 2015 | $1.14 | ||
| Jul 26, 2015 | $1.14 | ||
| Aug 2, 2015 | $1.14 | ||
| Aug 9, 2015 | $1.14 | ||
| Aug 16, 2015 | $1.14 | ||
| Aug 23, 2015 | $1.14 | ||
| Aug 30, 2015 | $1.14 | ||
| Sep 6, 2015 | $1.14 | ||
| Sep 13, 2015 | $1.14 | ||
| Sep 20, 2015 | $1.14 | ||
| Sep 27, 2015 | $1.14 | ||
| Oct 4, 2015 | $1.14 | ||
| Oct 11, 2015 | $1.14 | ||
| Oct 18, 2015 | $1.14 | ||
| Oct 25, 2015 | $1.14 | ||
| Nov 1, 2015 | $1.14 | ||
| Nov 8, 2015 | $1.14 | ||
| Nov 15, 2015 | $1.14 | ||
| Nov 22, 2015 | $1.14 | ||
| Nov 29, 2015 | $1.14 | ||
| Dec 6, 2015 | $1.14 | ||
| Dec 13, 2015 | $1.14 | ||
| Dec 20, 2015 | $1.14 | ||
| Dec 27, 2015 | $1.14 | ||
| Jan 3, 2016 | $1.14 | ||
| Jan 10, 2016 | $1.14 | ||
| Jan 17, 2016 | $1.14 | ||
| Jan 24, 2016 | $1.14 | ||
| Jan 31, 2016 | $1.14 | ||
| Feb 7, 2016 | $1.14 | ||
| Feb 14, 2016 | $1.14 | ||
| Feb 21, 2016 | $1.14 | ||
| Feb 28, 2016 | $1.14 | ||
| Mar 6, 2016 | $1.14 | ||
| Mar 13, 2016 | $1.14 | ||
| Mar 20, 2016 | $1.14 | ||
| Mar 27, 2016 | $1.14 | ||
| Apr 3, 2016 | $1.14 | ||
| Apr 10, 2016 | $1.14 | ||
| Apr 17, 2016 | $1.14 | ||
| Apr 24, 2016 | $1.14 | ||
| May 1, 2016 | $1.14 | ||
| May 8, 2016 | $1.14 | ||
| May 15, 2016 | $1.14 | ||
| May 22, 2016 | $1.14 | ||
| May 29, 2016 | $1.14 | ||
| Jun 5, 2016 | $1.14 | ||
| Jun 12, 2016 | $1.14 | ||
| Jun 19, 2016 | $1.14 | ||
| Jun 26, 2016 | $1.14 | ||
| Jul 3, 2016 | $1.14 | ||
| Jul 10, 2016 | $1.14 | ||
| Jul 17, 2016 | $1.14 | ||
| Jul 24, 2016 | $1.14 | ||
| Jul 31, 2016 | $1.14 | ||
| Aug 7, 2016 | $1.14 | ||
| Aug 14, 2016 | $1.14 | ||
| Aug 21, 2016 | $1.14 | ||
| Aug 28, 2016 | $1.14 | ||
| Sep 4, 2016 | $1.14 | ||
| Sep 11, 2016 | $1.14 | ||
| Sep 18, 2016 | $1.14 | ||
| Sep 25, 2016 | $1.14 | ||
| Oct 2, 2016 | $1.14 | ||
| Oct 9, 2016 | $1.98 | ||
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