Help me add another laptop for freelance work

Kipngetich Cheruiyot

Kericho, Kenya

100% repaid

Entrepreneur

Name

Kipngetich Cheruiyot

Member since

October 2015

On-time repayments

239 installments  •  84%

About Me

I am a middle aged Kenyan born and bred in Kericho County, Kenya. I grew up in a humble family of 7 siblings where I am the third born. Since my early days in elementary school, I did work hard as my parents struggled to educate me through high school. Luckily, I got the opportunity of joining university and undertook a course in Computer Science. However, since graduating I struggled in getting employment due to high unemployment levels in the country. Nevertheless, I didn't give and decided to venture into freelance writing, research and technical consulting. This has enabled me to earn some income over the years and with better planning, I believe I can tap more online opportunities and grow it into a venture that can employ more young people. I have tried several ventures and some are successful and progressing on well.

My Business

My business basically entails working online on various projects such as freelance academic writing, website creation, online research and recently I have ventured into Forex trading. I would like to expand my involvement in Forex trading by learning more from experienced traders and other expert traders in the Forex market. Unlike academic writing, the Forex market operates 24/7 from Monday through Friday all year round. Therefore, I would like to become a day trader and earn on a daily basis. Recently, I have had an opportunity to open a small retail shop in partnership with someone else, as a result, I am able to supplement my income when online jobs become scarce or the times are tough. In addition to the these ventures, I would also like to invest in seasonal crop farming since its returns are good whilst it requires minimal investment. I would like to borrow a loan to ensure I can be able to increase revenues in these ventures.
I plan to the invest the $ 3, 200 loan as follows:
a) $ 1000 will go into my retail business.
b) Another $1000 shall be invested in my online venntures (Forex trading, Academic writing and congigencies i.e. Internet costs)
c) I plan to invest around $400 in crop farming and agriculture ventures
d) The remaining $ 800 will be used as savings and emergency funds for loan repayment.

Loan Proposal

I would like to borrow around $ 300 that would be used in the purchase of a laptop to be used in freelance work. Currently, we are approaching the high season for academic freelance work and I am sure that this laptop would assist in outsourcing extra work to other writers while at the same time ensuring that we are able to maximize of the extra work to earn good money; My budget is as follows;

Laptop - KES 27,000 ($ 270)
Modem and Other Hardware - KES 3000 ($30); total amounting to KES 30,000 ($300). Kindly assist in achieving and I promise and ensure that all repayments shall be made on time.

Regards.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$303.01

Date disbursed

Mar 18, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $12.50

Lenders

investor

Candiac, Canada

Elinor

Maple Lake, MN, United States

D

drjofleming

UK, United Kingdom

DeanDropshot

Oslo, Norway

F

Fiodal

Helsinki, Finland

johnandmoliehi

Canton, New York, United States

MienDeGraeve

Ouagadougou, Burkina Faso

C

cjmenchaca

Austin, United States

HansLindgren

Uppsala, Sweden

TheWhiteCat

Surrey, United Kingdom

HE

help each other

Glasgow, United Kingdom

A

anonymous123

United States

indeh

London, United Kingdom

SeeMeeFi

Ontario, Canada

kickerofelves

Sao Paulo, Brazil

S

samuk

Nottingham, United Kingdom

madnomad

San Francisco, CA, United States

ads68

Melbourne, Australia

M

michaelangers

Toronto, Canada

Bhayl

Stavanger, Norway

Andreas Kiss

Vienna, Austria, Austria

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

chadgibbs

Loveliest Village, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

marcmesich

Kaohsiung, Taiwan

O

Odysseus

Auckland, New Zealand

U

Ubun2

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

R

RCHeying

Marietta, United States

D

DavidJSmu

North Attleboro, MA, United States

Sappetta

Bolzano, Italy

P

paul74

Chichester, United Kingdom

S

Spelbreker

Zwijnaarde, Belgium

S

seikatsu

Palo Alto, CA, United States

L

Lolababalola

Ames, United States

B

BMcDermott

Washington, DC, United States

B

boingrid

Norrköping, Sweden

B

bwitt

Berkeley, United States

M

Mystery15

Winnipeg, Canada

sderickson

Berkeley, CA, United States

O

oonbug

United States

D

dregier

Ozark, MO, United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

C

chrishol

United States

ColinHicks

Chichester, United Kingdom

G

geoff

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

T

twm3823

United States

reluck

Marseille, France, France

D

djlayton4

United States

K

Kristiina

All Countries

Gab

Singapore

Paul

Auckland, New Zealand

MW

Matt Willis

United States

V

Vanessa

Gold Coast, Australia

W

Wade

United States

Matt B

Stratford Upon Avon, United Kingdom

Kai

Nuremberg, Germany

The Bayiates Family

Chicago, IL, United States

ME

Mike Engsberg

United States

TG

Terry Godier

United States

Julia

United States

Caroline Cress

Seattle, WA, United States

BC

Best Chapman

United Arab Emirates

Chris OConnor

Atlanta, United States

Martin Nielsen

Aarhus, Denmark

JF

Jason Foti

United States

D

David

Chicago, United States

M

Mart

United Kingdom

Robin Padberg

Pétion-Ville, Haiti

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Curious Customs

Austin, Texas, United States

Ask Kipngetich a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...