Purchase of computer for an employee to increase capacity of online writing business
Job
Nyakongo Village, Kenya
100% repaid
Entrepreneur
Name
Job
Member since
April 2014
On-time repayments
189 installments • 75%
About Me
I am a self motivated young man with the desire to leave the world a better place than I found it. After trying several online businesses, I decided to pursue my passion. I am a passionate writer who loves anything business, investment and entrepreneurial. I specialise in investment articles, particularly forex trading. My clients include business blogs and forex brokers. I was always fascinated by the financial markets since I was young but it was during my free time in university that I started researching deeper about them. I decided to focus on learning chart patterns and other forms of technical analysis. Luckily, I came across a job posting in online job sites that I successfully applied. The client liked my work and 3 years on, he is still buying my services. I take pride in being self taught and I belive many unemployed youths in my area can learn various skills that can sustain them economically as well as their families.
My Business
As I have indicated above, I write technical business content for business blogs and websites. there is huge demand for web content because websites continue to emerge daily and the market is worldwide as there are no geographical boundaries in the web.
Currently, the business generates an average of US dollars 400 monthly. My major expense in internet charges of about US dollars 50. I also pay my employee, whom I trained and who also assists me, US dollars 100. I currently have a lot of long term running projects, which I am confident will allow me to pay back the loan, even as I expand my business.
I am always online most of the time and I have encountered clients who ask for more specicialised tasks, apart from those that I offer. This is what has motivated me to set up a youth empowerment center. The centre will provide a working computer and internet to the youth. I will then train them in various skills such as audio and video transcription, data entry, ad posting and virtual assistants. I will help them source for jobs and I will charge 30% of their earnings as my commission as long as they they operate within the center. I hope to create a self sustaing center as well as empowering the youth to leverage the power of the internet to enrich themselves.
Loan Proposal
I intend to use the loan to buy a desktop computer for one of my employees. The employee helps me providing my services as a blog writer, and currently both of us use only one computer. This lowers the quality of production because each of us has to rush over his work to give space to the other. The quantity of work done is also greatly reduced. Buying another computer will enable each one of us to to dedicate enough time to every work we have, thereby ensuring production of quality work. Another computer will also enhance our productivity because we will be able to boost the quantity of work we do each day as well as reduce time wastage (because currently only one of us can work at any given time because of availability of only one computer). In addition, acquiring an extra computer will allow us to reduce the unit cost of internet charges. I seek support because I cannot raise the amount by myself because of increased expenses that arose from completing my university education as well as monthly payments to my employee.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 28, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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