Loan to purchase an extra laptop for business expansion

Eliud

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Eliud

Member since

April 2015

On-time repayments

167 installments  •  53%

About Me

I am a young energetic entrepreneur who believes in self initiatives for personal growth and development. I hold a Bachelors In Education from Nairobi university and due to graduate in August with a Masters from the same. After my first degree graduation, I took up a job at Lutheran World Federation as an Administrator in Kakuma Refugee Camp, Kenya. During my free time, I used to do Online freelance work that mostly constituted research. I decided to switch fully to this business after my Contract with Lutheran World Federation ended. This is what I currently do. I have been making the steps to formalize and increase productivity in my income generating engagement, utilizing the knowledge and skills I gained from Training and work to gradually perfect the art.

My Business

I run a personal online research business. One of the aspects of the business is gathering of academic material, online tutorials and academic assistance to students. I research and report in various disciplines that include Education, Nursing, History, Business, Marketing, Technology and Natural Sciences among others. For every report generated per research, I get paid a variable cost per page that is calculated by the number of pages, discipline, complexity and academic level of the research. The main resources I utilize is an unlimited internet connection and a laptop computer. The main advantage of this business is that, besides the aforementioned resources, there are no other major resources required, apart from research skills and academic knowledge. Besides regular internet and electric bills, there are no other major expenditures, increasing probability of profit. Typically, I spend approximately Ksh.8000 (90 USD) on associated bills. The income ranges between Ksh.30,000 ($290) and Ksh.40,000 ($380) every month. I use a significant amount of the income for bills and supporting my brother in college. I also manage to save some for future expansion plans.

Loan Proposal

I would like to purchase an extra laptop for the expansion of the business. I have employed a researcher / writer and I would like to make more income by taking more research jobs with the help of the new employee. This will be made easy if I had an extra laptop. I currently take 2 academic research jobs per day that bring in 10 dollars a day. That translates to 300 dollars a month (Ksh.30,000). With a new writer, I can get USD. 250 extra to push the total income to 550 dollars a month before she becomes more proficient. After paying her as we agreed, I will retail 100 dollars. This will be a job opportunity created and I will also increase my income. I appreciate that Zidisha funded my previous loan. I look forward to Zidisha's support in this new request as I push to make my business grow.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$181.00

Date disbursed

Nov 10, 2015

Repayment status

On Time

Projected term

10 months

Lenders

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mepster

San Francisco, Ca, United States

Anonymous

Ocoee, United States

LK

Leslie Kelly

United States

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  • Judith    Oct 2, 2017

    Hello Lenders,
    I spoke with Eliud and he said he will pay the arrears on 7th October 2017. I will remind him before.

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  • Judith    Apr 28, 2017

    Hello Lenders,
    Eliud just said he will pay and did not tell me the date. He then disconnected the phone and when i called again didn't answer. sent him an sms to ask when and didn't respond.

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  • Eliud    Nov 25, 2016

    Have been unwell am the sales have gone down since am currently on a bed rest.But will adjust when i resume the normal operations.

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  • Judith    Nov 24, 2016

    Hello Lenders,

    I have spoken with Eliud and he said he had some issues and he went home so he will be back on the weekend and pay his arrears on 27th Nov 2016 which will be on a Sunday.

    Thank you.

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  • Eliud    Aug 4, 2016

    The business is still picking up.After one month.Most of the clients will have been aware of the new office.Thin i will adjust the payment instalments upwards

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  • Eliud    Jul 18, 2016

    I will set up an office,obtain the business permit from the county council.The loan will help me in the expansion of the business by enhancing the working ethics and getting the trust of the customers since they can access me at the office unlike before.I want to thank my lenders for their continued support

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  • Remmy    Jul 5, 2016

    hello Eliud ,hope you be funded soon.Which sites do you do the tutoring

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  • Eliud    Jul 4, 2016

    Hello Zidisha and My lenders,
    I would like to thank you guys for the opportunity you accorded me to solidify my business. I am making positive progress, growing as an entrepreneur and as an individual, thanks to your input. I highly appreciate the assistance. Thank you my lenders and the Zidisha Team for making it possible.

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  • Eliud    Mar 11, 2016

    I would like to reduced the repayment installment because writing orders have reduced. Also, i have used some of the earnings to create a website which i will be using to advertise my services.

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  • Eliud    Feb 19, 2016

    I sent the money for the loan but i received the message that i didn't pay the weekly installment.Kindly help in resolving the issue.

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  • Eliud    Feb 4, 2016

    Currently,the writing orders have reduced.I would like to reduce the payments subject to adjustments when the orders will increase next month

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  • Eliud    Nov 12, 2015

    I received the load which i used to buy an extra laptop for expansion of my business and creation of a job opportunity.Thank you so much

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  • Eliud    Nov 8, 2015

    I would like to thank my lenders for funding my business. I will buy an extra laptop to help in expansion of my business by employing an extra research assistant.The project will help me generate extra income and generate a job opportunity for another person.I really appreciate for the support.

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  • Eliud    Oct 25, 2015

    Acer Aspire 5733

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  • Eliud    Oct 25, 2015

    .

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  • Eliud    Oct 25, 2015

    Acer Aspire 5733 Core i3 machine I managed to get

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  • Eliud    May 24, 2015

    The income reduced significantly as a result of a drop in the supply of jobs I have been able to take. It has been a low season and I'd be comfortable repaying 1000 shillings for the time being. I will re-adjust upwards to cover for the dip.

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