Business expansion

Erastus

Kahawa West, Kenya

31% repaid

Entrepreneur

Name

Erastus

Member since

July 2013

On-time repayments

40 installments  •  33%

About Me

My professional background, exposure, academic knowledge and a positive work attitude arms me with the ability to handle the youth and train them elections and the political parties Act. My academic background includes that am a degree holder in Social Sciences; Development Economics from Makerere University, Kampala plus am computer literate. My business is that I do online academic research and field market research. I entered into this business because there is a research gap and many university students find it handle to work on their assignments, therefore, i saw this gap as earning venture.

My Business

Given that learning in university is a continuous process students keep doing assignments and course-works. This business in my country is not very common because those in the business are concentrating on the international market, therefore, the loan will help me venture into the local market which will provide better earnings than the international market. My tag line in the business is that provision of high quality services is my primary objective. With this expansion I will be able to offer employment to 2-3 youths so as to increase the turnover.

Loan Proposal

My business has been growing and given that we are entering the final stages of university and college semesters there are so many students who require our assistance. This increase in demand require us to increase our office equipment so that we can have two more employees. Therefore, I will use the loan to buy two second hard computers at $150 dollars each. This will allow me to increase my monthly income with about $200 dollars. The Zidisha loan will be used together with my savings so that I can acquire the computers as soon as possible.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$105.00

Date disbursed

Nov 21, 2014

Repayment status

Late

Projected term

4 months

Lenders

investor

Candiac, Canada

B

briansedz

Canton, Ohio, United States

ads68

Melbourne, Australia

Bobrm2k3

Charleston, United States

sderickson

Berkeley, CA, United States

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