Help me fund my online freelance business

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

Through my online freelancing business; I was able to get to know and understand other opportunities in the online field. I have been introduced to Forex trading which is 24/7 business operation with a lots of opportunities to earn decent and regular income. As a result, I would like your support to start trading and hoping to understand and trade the market with ease. The breakdown of costs are;
a) $ 500 as trading capital
b) $ 200 as operating costs (Self Funded);
I expect to earn at least 10% of invested funds per month and thus I shall be able to pay off the loan within the stipulated periods.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$455.01

Date disbursed

Aug 8, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $18.74

Lenders

M

marycb

United States

S

SueB1

Los Alamos, United States

O

Oxfall

Gothenburg, Sweden

Scott

Oregon, United States

Zidisha

Sterling, United States

T

ToddK

Indianapolis, IN, USA, United States

M

MattLondon

London, United Kingdom

Cloudways

Malta, Malta

P

Prysdahl

Marshall, United States

fairspirit

Utrecht, Netherlands

A

Anonymous

United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Hedwich

Gorssel, Netherlands

K

kingcamo1095

Mountain Home, United States

mojobob

Hayward, United States

JonB

London, United Kingdom

H

Habroukema

Austin, United States

B

BMcDermott

Washington, DC, United States

Sirko

Brandenburg An Der Havel, Germany

iggwag

Kilifi, Kenya

Matching Fund

Sterling, United States

DavidHS

United Kingdom

Paul Buchheit

Mountain View, United States

T

tontonca

United States

B

bugdaniel

Switzerland

J

jsbisa

New Orleans, Louisiana, United States

WiscoHorndog

United States

Suman

Gold Coast, Australia

Loungin

United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

Per Dahl

Norrköping, Sweden

C

cactusgirl

London, United Kingdom

NathanMoore

United States

C

Crainster

Chapel Hill, United States

AKWatson3

Norwalk, United States

M

mcortizo

Madrid, Spain

HL

Holly Laird

Austin, United States

K

Kristiina

All Countries

Sarah

Tangier, Morocco

Nigel Titley

Milton Keynes, United Kingdom

Robin Goodfellow

Vancouver, British Columbia, Canada, Canada

MW

Matt Willis

United States

W

Wade

United States

Matt B

Stratford Upon Avon, United Kingdom

Dean Cress

United States

JM

John Myers

United States

Lisa Hendry

Cheltenham, UK, United Kingdom

P

patricio

Yorba Linda, Ca, United States

AH

ajay hampapur

United States

J

Jeff

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

DL

Dan Lawrence

United States

TF

Tom Fawcett

United States

Paul Smithson

Leeds, United Kingdom

Rosario von Li

San Jose, Ca, United States

A

Adam

United Kingdom

Eugen Stamm

Zurich, Switzerland

Heidy

N J, United States

WS

william smith

United States

Der Dooley

Dublin, Ireland

Carlo Cruz

Cincinnati, OH, United States

Thomas

Sweden, Sweden

Bill Glover

United States

L

LK

United States

Y

YTSJ

London, United Kingdom

BS

Brandon S

United States

KE

Karen Epolito

Syracuse, NY, United States

LT

Leslie Tymko

United Kingdom

P

Phips

Switzerland

I

isaac

United Kingdom

JC

juli camrud

United States

RC

Rudi Chen

United States

B

Boris

Bern, Switzerland

SB

Sue Bucholz

Sacramento, United States

TF

Todd Fonseca

United States

MB

Mark Blatter

United States

MS

Marcus Siegel

San Francisco, United States

Derek Anderson

Yankton, United States

E

Elynne

United States

JB

John Brown

United States

RK

Robin Kinman

United States

C

Cora

Switzerland

A

Amy

United States

SA

Steve A

Newbury, United Kingdom

HPK

Switzerland, Switzerland

BW

Betty Waweru

United States

KirstenAlana

Los Angeles, United States

Angela Linwood

Minneapolis, Minnesota, United States

C

Carlene

United States

SG

Suresh Gadad

United States

Zack Stein

United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

L

Laura

San Francisco, United States

DF

D F

United States

AH

Amy Hammond

United States

RK

Robin Kline

United States

SA

Shar Alamdari

Los Angeles, United States

Raymond Murphy

Carson Valley, NV, United States

J

Jon

United States

LR

Laetitia Rocha

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

R

Robert

Chicago, United States

K

keithlaycock

United Kingdom

Katie

United States

Donald

United States

A

Ari

United Kingdom

HD

Hardik Desai

United Kingdom

V

VJ

Canberra, Australia

AB

Andrew Bent

United States

RG

Ryan Gough

United States

BP

Bill Piper

United States

AD

Amy Dinh

United States

PC

Peter Cordier

United States

MB

Mimi Botkin

United States

L

Lastoni

United States

D

Dalton

San Francisco, United States

A

Anonymous

United States

Colin Marks

London, United Kingdom

GS

Gary Sinard

Franklin, TN, United States

A

Ania

Switzerland

R

Robert

Netherlands

A

Anonymous

United States

R

Raffins

United States

M

Mack

Harbor, Oregon, United States

Brent Gillespie

Little Rock, United States

Emily

San Francisco, United States

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