Entrepreneur
Name
Member since
May 2014
On-time repayments
278 installments • 69%
About Me
My Business is: English Course For People. It is located In Surabaya, Indonesia. It should be known that there is a big gap between The Have and The Have-nots in Indonesia. The Have-people have access to good education including International Schools and use English in conversation daily. However, the Have-nots do not have access to proper English lessons. They do receive English education in regular schools for free but the schools are public schools, which belong to government, and the English lessons are of low quality. Most students in elementary school cannot speak English. Starting from $10/month, the Have-nots can have access to quality English study. Students get to learn the grammar rules of English and have many opportunities to practice through speaking. Given time, they will understand English just like the Have-people. It is a Business, but it is also about helping.
My Business
The prospect of this business is bright. There is little or no competition because the other English schools only focus on middle class and up, whereas we focus on the lower-middle class. My business has already been running for 2 years, and it has had a total of approximately 50 students taught in 3 different locations in Surabaya, Indonesia. It has been successful because I have been able to run this and make some profit, even in its first year.
In the first year I gathered 30 students, each paying $10/month. In total, I have been receiving $300/month, and spending up to 50% on operational costs. Therefor I have had an average profit of $150/month.
In the 2nd Years I collected 50 students, each paying $10/month. In total, I have been receiving $500/month, and spending up to 50% on operational costs. Therefor I have had an average profit of $250/month.
in the second year I gathered 50 students, each paying $10/month. In total, I have been receiving $500/month, and spending up to 50% on operational costs. Therefor I have had an average profit of $250/month.
Loan Proposal
I will use this loan for expand my business, i will open many english class in strategic places. Because This business focus on lower middle class people, so location must be near around them. And to make people interesting, I will bring English Speaker to go to public school for promotion, so I will spend the money fot this.
Show original Bahasa Indonesia
About Me
My Business is: English Course For People. It is located In Surabaya, Indonesia. It should be known that there is a big gap between The Have and The Have-nots in Indonesia. The Have-people have access to good study including International Schools and use English in conversation daily. However, the Have-nots do not have access to proper English lessons. They do receive English study in regular schools for free but the schools are public schools, which belong to government, and the English lessons are of low quality. Most students in elementary school cannot speak English. Starting from $10/month, the Have-nots can have access to quality English study. Students get to learn the grammar rules of English and have many opportunities to practice through speaking. Given time, they will understand English just like the Have-people. It is a Business, but it is also about helping.
My Business
The prospect of this business is bright. There is little or no competition because the other English schools only focus on middle class and up, whereas we focus on the lower-middle class. Starting from 2013, my business has already been running for 3 years, and it has had a total of approximately 75 students taught in 3 different locations in Surabaya, Indonesia. It has been successful because I have been able to run this and make some profit, even in its first year.
In the first year I gathered 30 students, each paying $10/month. In total, I have been receiving $300/month, and spending up to 50% on operational costs. Therefor I have had an average profit of $150/month.
And now, in the 3rd year I gathered around 75 students, each paying $10/month. In total, I have been receiving $750/month, and spending up to 50% on operational costs. Therefor I have had an average profit of $375/month.
Loan Proposal
I will use this loan for expand my business, i will open many english class in strategic places. Because This business focus on lower middle class people, so location must be near around them. And to make people interesting, I will bring English Speaker to go to public school for promotion, so I will spend the money fot this.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Dec 12, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Ireland
Republic of Korea
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