Entrepreneur
Name
Eliud
Member since
April 2015
On-time repayments
167 installments • 53%
About Me
I am a young energetic entrepreneur who believes in self initiatives for personal growth and development. I hold a Bachelors In Education from Nairobi university and due to graduate in August with a Masters from the same. After my first degree graduation, I took up a job at Lutheran World Federation as an Administrator in Kakuma Refugee Camp, Kenya. During my free time, I used to do Online freelance work that mostly constituted research. I decided to switch fully to this business after my Contract with Lutheran World Federation ended. This is what I currently do. I have been making the steps to formalize and increase productivity in my income generating engagement, utilizing the knowledge and skills I gained from Training and work to gradually perfect the art.
My Business
I run a personal online research business. One of the aspects of the business is gathering of academic material, online tutorials and academic assistance to students. I research and report in various disciplines that include Education, Nursing, History, Business, Marketing, Technology and Natural Sciences among others. For every report generated per research, I get paid a variable cost per page that is calculated by the number of pages, discipline, complexity and academic level of the research. The main resources I utilize is an unlimited internet connection and a laptop computer. The main advantage of this business is that, besides the aforementioned resources, there are no other major resources required, apart from research skills and academic knowledge. Besides regular internet and electric bills, there are no other major expenditures, increasing probability of profit. Typically, I spend approximately Ksh.8000 (90 USD) on associated bills. The income ranges between Ksh.30,000 ($290) and Ksh.40,000 ($380) every month. I use a significant amount of the income for bills and supporting my brother in college. I also manage to save some for future expansion plans.
Loan Proposal
I intend to buy a Laptop for the business. My personal Laptop that I used to conduct my research spoiled. I had to acquire a rental Laptop which has increased a strain on my income. I have to pay the owner a fixed amount of Ksh. 3000 monthly for the use of the machine. The new Laptop is going to cost me 28,000. With some of my savings and the loan, I will be able to get the laptop. The approximately $35 USD i spend per month on the rental laptop will be saved. I will really appreciate if I get funding for the laptop. The reduction on the monthly expenditure will be additional income for my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 6, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$105.14
Amount remaining
$0.00
Date repaid
Jul 13, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 17, 2015 | $15.01 | May 17, 2015 | $15.01 |
| May 24, 2015 | $15.01 | May 17, 2015 | $15.01 |
| May 31, 2015 | $3.31 | May 17, 2015 | $3.31 |
| Jun 7, 2015 | $11.11 | May 24, 2015 | $11.11 |
| Jun 14, 2015 | $11.11 | Jun 7, 2015 | $11.11 |
| Jun 21, 2015 | $11.11 | Jun 7, 2015 | $3.89 |
| Jun 14, 2015 | $7.22 | ||
| Jun 28, 2015 | $11.11 | Jun 14, 2015 | $7.78 |
| Jun 28, 2015 | $3.33 | ||
| Jul 5, 2015 | $11.11 | Jul 5, 2015 | $11.11 |
| Jul 12, 2015 | $16.26 | Jul 13, 2015 | $16.26 |
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