Horizon Primary Schoo)
PROJECT PROPOSAL:
I. Project Identification;
Title : Education for children and youths
Location ፡ LegaTafo LegaDadi Twon Aminstration;
Sector : Education for Children and youths;
Partner Organization : Hayile Balcha and Family;
Implementing Agency : Horizon;
Project Duration : 6 Months.
Starting Date : As Soon As Possible;
Funding Requested ፡ 7,000,000.
Recipient Organization : Horizon primary school.
The Overall Objective
of the Program : Creation of a education opportunities /education chance/in
the town from Kindergarten which gradually grows.
Contact Person : Mr. FekiruHayile.
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II. Background:
This project proposes to enhance the basic education of children and youths in the two kebeles in
LegaTafoandLegaDadiKebeles and will serve approximately 2,250 families in LegaTafo and 1,750
families LegaDadi
Basic education for the children and youths is the backbone of the community therefore it is viewed as a
human right since education contributes to the reduction of both absolute and relative poverty. Education,
in particular, helps to alleviate poverty by helping poor people improve their lives. Mothers and children
with some education raise healthier families.
Children and youth with skills and knowledge can read and handle numbers, which gives them access to
information and thinking processes that give them more choices about how to behave in their families and
then in the community. Youthscan make more informed decisions about economical,political and social
events that upset the quality of their lives.
LegaTafo-LegaDadiKebeles and surrounding areas account teaching aids and basic equipment available
for educational tasks are mimal, even though parents and teachers alike agree that more adequate and
creative teaching methods are needed in school to stimulate learning incentives therefore this project will
contribute towards the development of education in these areas.
III. Justification:
The local communities elders have requested participation from us to take part the task of
establishing education skeletal and the framework of education and buildings through the
development program.
IV.Project Goals.
The objective of this project is to school buildings and initiating the education of children and youths in
LegaTafo and LegaDadiKebeles and mobilize the community,Horizon Junior School will offer education
to the very poor, disadvantaged town community where the oppotunity has failed to successfully establish
schools in LegaTafo and LegaDadi town Encourage communities to use the school as a center for
education
To build physical school buildings for Horizon school the in the town
To equip the classrooms and office to required standards
To employ qualified and skilled teachers to teach kindergarten through grade eight.
To employ a dynamic school director able to act, think and act outside the box.
To educate each child as per his/ her unique needs `
To meet national education standards
Demonstrate the desire to obtain and provide education.
Demonstrated ability to unite and work together to a school
Willingness to recruit boys and girls in equal numbers
To prepare playing fields for the children
To collaborate and work with other schools
To examine and test children in timely manner
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V. Problem Analysis:
The communities in living in both kebeles are around above 6000 families, these villages are farmers and
also have small live stocks of cattle and sheep, LegaTafo and LegaDadi town and the neighboring
kebeles have no adequateschools for their children and youths to learn . Therefore the communities of
these town are highly require a modern schools with up-to-date facilities.
VI. Program Implementation Strategies
The projects work plan is laid out and the establishment will depend on the finances. Researchers in the
project will directly interact with the education office and local officials, and will conduct surveys and
in-depth interviews to garner education histories in the town and according to gathered data they will set
accurate the strategies and work in effective educational development in these areas and surroundings.
Horizon Junior School will build the project in phases depending on the regularity of the funds inflow
from the sources of funding owner equity. It is expected and estimated that the schools will take 6 months
to be completed. After the primary school is completed and the school activities run smoothly, plans may
be made for building Secondary School and Training Centers in the future. The Project Work plan or
implementation plan may change as deemed necessary and the budget revised accordingly.
VII. Expected Results for Project Delivery:
The most important expected results of this project will be to get buildings of schools and started
educations in partially children education and youths education in the town. The main objective of the
project is to encourage sustained community participation to teach their children in this standard and
qualified school.
Capacity building and effective training for administration and teacher
Strengthening educational achievement and improving schools in LegaTafo and LegaDadi town
Increasing educational expectations for all children and youths.
Fostering lifelong learning in, LegaTafo and LegaDadi town.
VIII. Main activities to be conducted:
Construction of offices and the Administrators
Construction of learning environments i.e. classrooms.
Construction of latrines/toilets.
Recruitment of more support staff i.e. non teaching and teaching staff
Supervision of the project running services by the board members and Officials.
Installation of project requirements.
The team will conduct comprehensive educational needs and public communication
infrastructure/practice assessments. Investigators will also document all interaction and participant
observation using videographer, photo documentary, and podcasting methods in order to ensure improved
education and socioeconomic wellbeing of the population.
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X. Proposed Project Costs:
The project proprietors have been able to provide the following in the establishment:
Land to allow the project’s operation is very much available
Provision of a number of trustees who look after the project.
IX. OwnerContribuation:
1 . Provide about 20% of total required funds by Contribution;
2 . Elect the committee of the implementing Organization which in turn appoints the
management staff;
3 . Generally supervise the project and have the authority to recommend change and reform.
XI. Monitoring and Evaluation:
A Progress indicator tools will be used to monitor and evaluate the project on regular basis.
The ower have the right to monitor and supervise the project to assess performance and progress.
XII. Estimated Annual Budget(Land,Biulding and Construction)
No Type Amount Total
1 Building of four classes
600,000.00
Building of four
2
`Latrine/Toilets 300,000.00
3 Building of one office
350,000.00
4 Building of one store
65,000.00
5 Building of one library
300,000.00
Building of playing
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compound 50,000.00
Purchase of
Educational equipment
7 and Training
150,000.00
Handtools and
Materials,
8 Utilities
25,000.00
Over heads,
15,000.00
Grand Total 1,855,000.0
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0
Soucreof Fund
Source of fund to finance the project is planned to be from two sources.These are
promoters equity and bank loan.The loan expected to be obtained from one the
local lending institutions.Since the project is expected to take some time to repay
all its debts,the bank loan is assumed to obtain a long term credit basis.
Taking the financial position of the promoter into account equity contribution and
bank loan to finance the total investment outlay of the project are assumed to be
20% and 80% respectively. Accordingly, the total financial requirement from the
two source will be
%
No Description Amount
share
1 Owner Share 20% 1,400,000
2 Bank Loan 80% 5,600,000
Total 100% 7,000,000
Loan Repayment Schedule
Principal Total Annual
Interest(10%) Remaining Balance Remark
payment Payment
Year
1 0 0 0 5,600,000
2 4,480,000 448,000 4,928,000 672,000
3 67,200 67,200 134,400 537,600
4 53,760 53,760 107,520 430,080
5 43,008 43,008 86,016 344,064
34,406 34,406 68,813 275,251
6
7 27,525 27,525 55,050 220,201
8 22,020 22,020 44,040 176,161
9 17,616 17,616 35,232 140,929
10 140,929 140,929 281,857 0
Depreciation Schedule
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Original Depreciation Depreciation
No Description Value Rate in % per Year
Construction
and civil
1 work 8,870,000 5 443,500
Machine
and
2 Eqiupment 2,000,000 10 200,000
3 Vehicles 6,500,000 20 1,300,000
Office
4 Eqiupment 203,500 10 20,350
Total 17,573,500 1,963,850
Machinary and Eqiupment
Vehicle
Quantit
S.N Descreption Unit Price
y
1,600,000.0
1 one service Busess 1
0
1,600,000.0
Grand Total 1
0
Office Eqiupment
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S.N Descreption Quantity Unit Price Total Price
1 Managerial Chairs with Tables 3 4000 12000
2 Secreterial Chairs with table 2 3000 6000
3 Office Chairs with Tables 20 1800 36000
4 Computer with accessaries 6 15000 90000
5 Shelves 3 3500 10500
Telephone and Internet
6 machine sets 4 2000 8000
7 Filling Cabinets 4 4000 16000
8 Assembly Chairs and Table 4 2500 10000
Decoration(Carpet and
9 curtein) 3 5000 15000
Grand Total 203,500
Working Capital
Pre-Service Expence
Uni Quan Total Cost
S.N Cost of Item t tity Unit Price in Birr
1 Business Plan set 1 25000 25000
2 Feasibility study set 1 15000 15000
Environmental Impact
3 Assessment set 1 30000 30000
Marketing and
4 Promoption set 2 30000 60000
5 Licence and others set 2 10000 20000
6 Billboard set 2 20000 40000
Managerial and
Financial Manuals and
7 System set 2 25000 50000
Developing
Adminsrative,Logistic
8 and Finanacial Systems set 1 25500 25500
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Grand Total 265,500
Man Power
N Monthly Annual
S.N Descreption Qualification
o Salary Salary
BA in school
1 Director 1 4,500
Adminstration 54000
3 Secretory 1 Dip in Sectr.science 3,500
42000
4 Teachers 2 BSC or BA(50%) 3,500
84000
Dip in science or
5 teachers 3 2,500
Art(50%) 90000
7 IT officer 1 BSC IT and technology 2,500
30000
8 Financial Head 1 BA in Accounting 2,500
30000
10 Casher 1 10+2 in bookkeeping 2,000
24000
11 Store keeper 1 10+2 logistic mgt 2,000
24000
12 Cleaner 1 unskilled 1,500 18000
13 Office Boy 1 G-10 complete 1,500 18000
14 Drivers 1 G-10 complete 1,500 18000
15 Gardner 1 unskilled 1,500 18000
16 Guard/Security 2 Basics 1,500 36000
486,000.0
17 Total 17
0
Benefit 20% of
Basic Salary 97,200.00
Grand Total
583,200.00
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Financial Analysis and statements
Underlying Assumptions
The financial analysis of the envisioned organization is based on the data provided
in the proceeding sections and the following assumptions.
Construction and Finance
Construction Period 1 year
Source of finance 20% equity and 80% loan
Bank interest rate 10%
Utility and operating Expense increase 5% per annum after 3 years
Wage and salary expense increase 5% per annum after 3 years
Sales Revenue increase 5% per annum after 3 years
Sales Revenue
The annual sales revenue in birr depending up on service delivery capacity is
revealed here.
Year Year 1 Year 2 Year 3-10
Sale
s 750,000 1,500,000 5,000,000
Balance Sheet
Horizon Primary School
For The Month May 30
Asset
Current Asset Value in Birr
1,400,00
Cash
0
Initial Inventory and
203,500
inputs
Total curren Asset 1,603,500
Fixed Asset
Land,Building&
750,000
Construction
Machinary&Eqiupmen
160,000
t
Office Eqiupment 203,500
1,600,00
Vehicle
0
Total Fixed Asset 2,713,500 4,317,000
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Total Asset
Liability
5,600,00
Account Payble
0
Owner Eqiuty
1,400,00
Capital
0
Total Liability & Owner’s Eqiuty 7,000,000 7,000,000
Income Statement
Revenue Year 1 Year 2 Year 3-10
8,000,00 18,000,000.0
Sales Revenue 12,000,000
0 0
2,713,50
Purchase of supplies 4,070,250 6,105,375.00
0
5,286,50
G/Profit 7,929,750 11,894,625
0
Expenses
-
Salary Expense 583,200 2,822,400 4,233,600.00
Other operating Expense 250,000 700,000 500,000.00
pre operating expense 150,000 265,500 398,250.00
Building Depreciation 443,500 443,500 665,250.00
Machineries
200,000 200,000 300,000.00
Depreciation
1,300,00
Vehicle Depreciation 1,300,000 50,000.00
0
office Equip.
20,250 2,035 3,052.50
Depreciation
1,652,91
Interest expense. 1,652,912 479,368.00
2
4,599,86
Total Expense
2 7,386,347 6,629,521
Profit Before Tax 686,638 543,403 5,265,105
Tax 30% 205,991 163,021 1,579,531
Net Profit 892,629 706,424 6,844,636
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Cash Flow Statement
Year Year 1 Year 2 Year 3-10
Equity Capital 2,500,000 3,750,000.00 6,562,500.00
Loan Principal 5,600,000 2,800,000.00 1,400,000.00
Net Sales 8,100,000 6,550,000.00 7,962,500.00
Total Cash in flow from operating 8,100,000 (3,811,347.00) (3,811,347.00)
Cash payment
Purchase of Materials 2,713,500 200,000.00 2,000,000.00
Salary Expense 583,200 2,822,400.00 2,822,400.00
Pre-operating expense 250,000
Investment 1,500,000
Other operating cost 150000 2,700,000.00 2,700,000.00
Loan repayment 560000 1,652,912.00 1,652,912.00
Lease payment
Tax Payment
Total Payment 5,756,700 7,375,312.00 9,175,312.00
Cash surplus/Deficit 5,756,700 7,375,312 9,175,312
Cumulative Cash Flow 5,756,700 7,375,312 9,175,312
According to the projected income statement , the project will start generating
profit in the second year of operation Important ratio such profit to total sales, net
profit to equity(return on equity)and profit plus interest on total investment(return
on total investment) shows an increasing trend during the lifetime of the project.
The income statement and the indicators of profitability show that the project is
viable.
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Contact Person:
Mr. FekiruHayilu.
Ethiopia,Oromia Region, Oromia special Zone SourondingFinfine.
LegaTafoLegaDadi Town.
Email: fekiru@horizon.com .
Tell: 0911313392 /
Website: http://www.
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