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Playschool Seeking Loan in Honiara, Solomon Islands

Seeking loan: Private daycare and early childhood education institute with 2 facilities and 80 toddlers.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 121 thousand
Run Rate Sales USD 146 thousand
EBITDA Margin 10 %
Industries Playschools
Locations  Honiara
Local Time 4:54 PM Pacific / Guadalcanal
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 243 thousand for 10.0% annual interest, 10 years (Native Currency: SBD 2,000,000)
Reason: To pay off current debt and to invest in buying our own property and building a proper school facili... View More
Collateral Available: USD 1.21 million
Includes physical assets worth USD 49 thousand
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Business Name
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Business Overview
- The company is one of the first private playschool and daycare services in the Solomon Islands, catering specifically to toddlers and children with special needs.
- Operates two branches, allowing for increased capacity and accessibility to families in need of early childhood education and daycare services.
- Serves a growing community of 80 toddlers, including those requiring special education programs tailored to their individual needs.
- Committed to providing a secure, nurturing environment where children can thrive both socially and emotionally.
- Offers personalized educational approaches for special needs children, ensuring they receive focused attention and care.
- The daycare service is in high demand, indicating a strong need for comprehensive early childhood education options within the region.
- Generates income through tuition fees and enrollment of children, focusing on affordability and quality care for families in the community.
- Organization has a TIN and incorporation certificates.
- Since we are an NGO, we do not focus on generating profits but on quality education. As a result, we have high staff.
Products & Services Overview
One of the first daycare service providers in Solomon Islands.
We cater to toddlers and special needs children.
Assets Overview
We have tables, chairs, cabinets, reading books, toys, and a medium size indoor playground for infants and toddlers.
Our NGO business name is our intangible asset.
Facilities Overview
We are now renting two facilities, which cost SBD 35,000 per month and can accommodate over 80 toddlers and older children. Both facilities are located on second floor with very limited outdoor space. Both facilities are located in Honiara.
Capitalization Overview
The private daycare, early childhood education is funded presently purely on school fees income, we have one newly funded facility to be opened in January but to meet 30% of the remaining expenses which now cost a depth of $137,500 SBD on rental, $200,000 SBD on labor costs for contractors doing renovations, $100,000 SBD to order proper daycare equipment to cater for actual daycare standards. We also have $64,000 SBD outstanding on rental for one of our children's facilities and $212,800 SBD outstanding rental for another facility. Total of $714,300 SBD is currently in debt. Total number of 7 are the school board members with only school ownership for it is a non-government organization (NGO) purely based on better education for children (6months to 12yrs) later to expand to middle schoolers (12yrs to 15yrs) and then high schools (15yrs to 18yrs) and continue to university with the right GPA or trading institutes (all trades institute) this is to properly ensure our kids to find good jobs opportunities and more business entrepreneurs with no more unemployment.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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