Eric's Credit Community

Purpose of loan:
I would like to borrow from Prosper to buy additional stock and storage items for my business venture in P.R.  I am not sure if I can say the company?s name , so lease contact me if you want to know the company?s name.  I feel good about this because PR is an established, prosperous and organized company.  PR provides continuous training to their new Consultants and established consultants. PR provides sponsors for the consultants.  The sponsors provide advice, information and team meetings.  When consultants meet certain requirements and maintain those requirements, PR sends party leads to those consultants.  Since beginning March 2008, I have almost met those requirements.  Currently, I am doing one party during the week every other week.  Things have picked up for me and I am now doing a party approximately every week beginning in the second week in June and I would like to take it to 2-3 parties per week by July (if not June).  I only have enough stock and storage for parties every other week and maybe a few weeks in a row.  If I had additional stock, I could do multiple parties during a week.  The more stock that I have on hand to sell at a party, the more they will buy.  My party income is averaging $100 to $150 per party.  I am making almost $300 per month, but I am presently putting 50% back into the business in various ways to build it.  At the rate I am going, growing the business will be slower than I would like for it to be.  Party sales on average can average $400 to $600 as the consultant becomes more established.  PR provides a good income potential and a flexible schedule.  I can schedule as many parties as I want based upon how much extra income I want.  Also, it doesn?t interfere with my day job.  My ultimate goal is to be debt-free within three years.  I am using my salary to pay my mortgage, car, utilities and old credit card debt.  At the rate that I am going, I am on schedule to majority of my debt off within three years. 

My financial situation:
I feel that I am a good candidate because I have a stong earning potential.  My undergrate degree is in engineering and I have an MBA in marketing.  I have been working utilizing my engineering degree for ten years and have recently gone to technical sales when I received my MBA.  I make a good salary and I am working on paying off debt that I incurred when I went through a extremely difficult time in my life during a bad breakup.  I am on track and determined to make up for lost time in paying off old debt and saving money in addition to the money that is set aside for my 401K.  I hope that you will see the potential in me and give me a chance to make it happen.  I am determined and motivated and will be aggressive in reaching my financial goals.

Montlhy Net Income:  $3840 (full time job only)

Montly Bills:
Housing $828
Auto $560
Insurance $125
Utilities $110
Phone/Internet /Cable $178
Clothing/Entertainment $100
Food/gas $175
Credit Cards/Other Loans $1600
Other$0