ESL Program Ground-floor Funding
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 42% |
| Lender Rate: | 26% | Borrower: | akittelson |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Debt Consolidators |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-27 | EricsCC ROI: | 23% |
| Status History | |
|---|---|
| Mar 01, 2008 | Current |
|
I have written a book for ESL students and remedial students of English that I am proposing to funders. A good friend with a Stanford MBA is writing the business plan and is pursuing pitch meetings with some venture capitalists and philanthropists. In the meantime I need basic money to print and test the pilot edition. I currently teach ESL (ELD) and English on a 120% schedule, and I tutor Spanish after school, which is why my income has increased. I also coach solo theater performers using a book I wrote two years ago. I made 3K from coaching last year. I am in my 14th year of teaching. I have taught most grades K-12, and I have taught most subjects, which is why I am qualified to write this very succinct consumable workbook that is geared for all ELD levels 1-5 in all secondary grades 6-12. It is also perfect for students that have scored in the Basic and Below Basic categories on the state exams. It is a single 200+ page book that is accompanied with a CD of original songs that I also wrote. I am almost maxed out on credit cards, but I am VERY tenacious and hard-working, which is why I have maintained my payment on all my accounts. I have also made perfectly regular payments on my one 3K Prosper account. With the money from this loan, I will register the publishing company Ox and Cart Publishing, buy ISBN numbers, print 300 copies of the book, travel once to the Midwest, New York and the Bay Area where I will train pilot teachers on how to use the book. (I have already paid for one of those trips) I will also video tape my class and make a demo single CD. All that with one small loan of 4K. With the combined markets of ESL and remedial students across the country, we will have a small but formidable niche. Once we sell a mere 100,000 units, which is a very conservative estimate because it a small percentage of the market, we will gross two million dollars. Since the immigrant population keeps growing, and the school districts across the country are consistently in the expensive grip of large publishing companies, my single book will be welcome relief. If you visit my classroom Web site www.webstaclecourse.com you will see some of the lessons. Just click on ELD Newcomer Notebook. Monthly net income: $ 8,200 Monthly expenses: $ 5615 Housing: $ 1695 Car expenses: $ 600 Utilities: $ 60 Phone, cable, internet: $ 120 Food, entertainment: $ 440 School supplies, household expenses $ 180 Credit cards and other loans: $ 2400 Charities and memberships: $ 120 Regarding my credit grade, right after I applied for my last Prosper loan, Bank of America listed me as 30 days delinquent. Even though I paid $250 14 times in 13 months, they said I was delinquent. I was a few dollars past due without knowing it. They said I paid one day late once in October, 2006 and so, surreptitiously, fees became slightly larger than my payments. They never notified me. I had a lawyer call. The best they would do was put a statement on my credit report. I have never knowingly paid late, and I am now even more careful with my monthly payments. I peruse my statements with an eagle eye every month. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 106337 | On the Verge of Condo Ownership | D | $10,000 @ 22% | Mar 04, 2007 | Expired |
| 110083 | On the Verge of Home Ownership | D | $9,000 @ 24% | Mar 12, 2007 | Expired |
| 115353 | Condo Owner on the Horizon | D | $3,200 @ 18% | Mar 25, 2007 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|