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

The loan will primarily fund my online Forex trading endeavor since 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. Although, trading is challenging, I have already go the hang of it and I am currently progression on well with assistance from experienced traders. I would like to increase the funds invested in the Forex trading activities and thus the funds availed shall be used in improving daily profits accrued from Forex trading.

I need around $ 700 to expand my trading activities; I shall invest these funds as follows;
a) Will increase my current trade account by around $ 500
b) the remaining funds $ 200 shall be used for operational expenses and paying of some tutors in guiding me in the trade process.

I anticipate to make around ($5 to $ 10) per day translating to around ($ 25 to $ 50) per week which will enable me to comfortably pay off the Zidisha loan. Kindly, assist in funding this online venture for me. Thank You.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$681.84

Date disbursed

Dec 20, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $28.11

Lenders

SKWAW

SHANTY BAY, ONTARIO, Canada

YB Song

Seoul, Republic of Korea

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

KyRoamer

Louisville, Kentucky, United States

Scott

Oregon, United States

T

Tallago3

Munich, Germany

M

mason243

Denver Colorado, United States

B

briansedz

Canton, Ohio, United States

C

chrisherron

Chicago, United States

D

duckdork

De Forest, United States

T

tomdeneire

Eke, Belgium

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

J

jzidi

Los Angeles, United States

S

Sabine

Courtenay, Canada

C

Colesmiths

Sevenoaks, United Kingdom

B

Bernhard75

Vienna, Austria

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

E

EnhanceLife

Heber City, United States

AdvancingCompassion

San Diego, United States

K

KnutAnders

niedernhausen, Germany

L

loistf

Madrid, Spain

Hype1

Ashburn VA, United States

R

RealUtopia

San Diego, United States

dhulsterwim

LIER, Belgium

N

Neutual

Victoria, Canada

Cadwah

Barcelona, Spain

Andreas Kiss

Vienna, Austria, Austria

P

PetrusR

balmoral, Australia

H

hetultel

Ahmedabad, India

K

karit

Victoria, Canada

hugomesser

Blokker, Netherlands

N

netsirkd

Highland, United States

W

willemsenphilippe

Edegem, Belgium

Winona

Yakima, United States

T

Taupe

Balzers, Liechtenstein

Travis

Canada

A

Andrii

Kiev, Ukraine

K

Krish

Dubai, United Arab Emirates

Hedwich

Gorssel, Netherlands

A

AndrewC

London, United Kingdom

U

urtica

Moscow, United States

P

Pavane

Kungsbacka, Sweden

D

doublehelix

Philadelphia, United States

Z

zangalan

Maryland, United States

somuchjackson

Boston, United States

Jamesaubrey

Norman, United States

C

Clben7

Cincinnati, United States

D

DanielW

United States

M

Mullagh

United Kingdom

C

chrishol

United States

MalcolmL

San Francisco, United States

D

Dan

United States

A

adiipienaar

South Africa

DavidHS

United Kingdom

jonnyhj

Stockholm, Sweden

Paul Buchheit

Mountain View, United States

P

plhughes

United States

M

merk85

United States

K

Kber9156

North Parramatta, Australia

Kadosira

United States

S

sarah4d2

Saint Louis, United States

C

CraigInCo

United States

mepster

San Francisco, Ca, United States

L

Linda

United States

L

luckiestmonkey

United States

B

bscent

Hong Kong

Grant Xavier Storer

Seattle, Wa, United States

K

Keith

Luxembourg

N

nshekher

United States

Otto Barten

Amsterdam, Netherlands

S

satheajay

United States

B

Bennphoto

United Kingdom

D

ddm08

United States

B

bwmoore

United States

Kyle Hoback

Jersey City, NJ, United States

A

andreab

United States

pelhage

United States

Alberto Cereser

Copenhagen, Denmark

D

Didaz

Germany

Villa Maria Outliers

Montreal, Canada

Jerome

Switzerland

MW

Matt Willis

United States

W

Wade

United States

Matt B

Stratford Upon Avon, United Kingdom

JD

Jo Dane

Melbourne, Australia

Dominik Wagner

Karlsruhe, Germany

DN

Don Nichols

United States

H

Hazel

United Kingdom

Elly

Woudrichem, United Kingdom

Jake Badger

Roskilde, Denmark

PC

Patrick Clavette

Hartford, Wisconsin, United States

jtreyes

United States

MB

michael breen

United Kingdom

G

Graham

United States

MA

Mary Art Hunt

United States

C

Chitti421

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

JK

Hamburg, Germany

Max Lettenberger

Madison, WI, United States

Julia

United States

JC

JD Conley

United States

NW

Nick Winter

United States

KD

Kent Don

United States

BS

Bruno Silva

United States

EB

Erica Brescia

United States

Cameron Graham

Nashville, TN, United States

JD

Jeff DePree

United States

Oliver Hasenberg

Iserlohn, Germany

YM

Yelka Mikolji

United States

George

Corvallis, Oregon, United States

ME

Manaal Eisa

Washington DC, United States

CNV

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

H

Harry

Florida, United States

Pedro R-C

Cambridge, United States

Donna Manton

Australia, Australia

PR

Paul Rausch

United States

G

GS2

Germany

Aylsham Rotary

Aylsham, Norfolk, Uk, United Kingdom

N

Nick

Greater London, United Kingdom

Mark Grey

Redding, CT, United States

N

Nick

United States

E

eriklonnroth

United Kingdom

NB

Neil Barnes

Molalla, United States

Aran Dunlop

United States

jo

Los Angeles, United States

André Pinto

Brussels, Belgium

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

Thomas

Sweden, Sweden

AL

Aley Lira

Rio de Janeiro, Brazil

P

Patrick

Australia

Y

YTSJ

London, United Kingdom

D

Dermo

Dublin, Ireland

JC

Justin cohan

United States

K

Katriona

United States

EthicalHost

Toronto, Canada

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

AC

Aaron Curtis

United States

I

isaac

United Kingdom

RC

Rudi Chen

United States

Stephan W

Witten, Germany

roark22

Geneva, Switzerland

SB

Sue Bucholz

Sacramento, United States

WL

William Lisa

United States

Julia Trigg

United Kingdom

B

Brett

Australia

RG

Ravi Gadad

United States

Zack Stein

United States

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

AJ

Abby jones

United States

P

Petr

Brno, The Czech Republic, Czech Republic

Ryan Keller

Hong Kong, Hong Kong

MJ

Morgan Jones

United States

MP

Matt Patton

United States

J

Jon

United States

K

Katharina

Germany, Germany

LR

Laetitia Rocha

United Kingdom

J

jennie

Guatemala

Martin Kraus

Traiskirchen, Austria

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

SM

Sue MacFarlane

United Kingdom

Katie

United States

Day Family

Melbourne, Australia

BE

Bob Ewing

United States

JD

JASON DORSETT

United States

V

VJ

Canberra, Australia

SS

Sara Sobota

United States

CS

Chris Salzman

United States

L

Lastoni

United States

D

Dalton

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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