Loan to purchase an extra laptop for business expansion
Eliud
Nairobi, Kenya
100% repaid
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 would like to purchase an extra laptop for the expansion of the business. I have employed a researcher / writer and I would like to make more income by taking more research jobs with the help of the new employee. This will be made easy if I had an extra laptop. I currently take 2 academic research jobs per day that bring in 10 dollars a day. That translates to 300 dollars a month (Ksh.30,000). With a new writer, I can get USD. 250 extra to push the total income to 550 dollars a month before she becomes more proficient. After paying her as we agreed, I will retail 100 dollars. This will be a job opportunity created and I will also increase my income. I appreciate that Zidisha funded my previous loan. I look forward to Zidisha's support in this new request as I push to make my business grow.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$181.00
Date disbursed
Nov 10, 2015
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
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