MBA Tuition assistance

This is me

Nick name
Pat_Fic_MBA
Age
36 years
Highest education
University of St. Gallen
Contact Student

This is my Credit Motivation

Dear ladies and gentlemen,

First of all, thank you for visiting my auction and considering investing in me. I promise that if you choose to do so, not only will repayment of the loan be my top priority, but I also ensure you that I will put my education to full use. 

I've always known that I would pursue an MBA at some point in my life and being accepted to one of the leading European business schools is a lifetime opportunity. MBA at HSG is a logical step in fulfilling my career and life aspirations. 

One of the main reasons that now is the time for me in pursuing my MBA is my wife. On August 19th, 2017, at the age of 34, she suffered a stroke and has since been recovering. She is still only able to work 30% and unfortunately insurance only cover 2 years of recovery. On August 19, 2019 she will most likely be considered disabled and will not be able to continue teaching.

This is devastating for my wife. She has been a teacher for 12 years and this will be the end of her career. This MBA will ensure my wife does not have to consider future employment and instead can focus on her quality of life.

We have sufficient savings remaining to cover the interest payments and I will be looking to begin working again as soon as possible after graduation. 25.000CHF will go directly to the University to fulfill my tuition fees and 10.000CHF will go towards assisting with living expenses. 


This is what I need

Credit amount
CHF 35'000
Maximum interest rate
7.5%
Start date
December 2018
Study time
13 months
Re-payment starts
January 2020
Re-payment time
36 months
Loan fully paid back
December 2022

This is my plan

School/University
University of St. Gallen
Main field of study
MBA
Additional fields of study
MBA
Begin of study
August 2018
End of study
August 2019
Current semester
1
Plans after study

My wife and I have been living in Switzerland for 7 years and plan to stay here indefinitely. I am a C permit holder so there are no obstacles to employment. Ideally I find my first post-MBA position in sustainability at a large multi-national company in Basel or Zurich. 

My ideal post-MBA career path begins and ends with sustainability and ethical business practices. My wife and I are very conscious of our footprint on the world and want to be a part of the future of sustainable living and reducing human impact.

2 year goal: My immediate 2 year plan is to secure employment to recoup savings and payback this student loan. My wife and I live within our means and do not like to have additional unnecessary debt so our goal is to pay back your loan as soon as possible. During this time, I intend to also develop a business plan in hopes of starting a renewable energy company.

5 year goal: In 5 years, my plan is to implement my business plan by relying on the experience from the previous 5 years and my business plan start a renewable energy company specializing in solar and wind power.

10 year goal: In 10 years, I hope to be able to pass on my experiences and teach future business leaders how to start a business and prosper through sustainability. I hope to have a job portfolio involving my own business, educating students and future entrepreneurs, and consulting new start-ups.

Receiving this loan will enable me to fulfill my dreams and become a positive impact on society. As soon as possible, my wife and I will become Splend!t investors to help the next generation of students gain education without financial worry. Thank you again for your time and consideration. 

 

Auction

16 bids, CHF 35'000 of CHF 35'000 filled

Calculate your sustainable return

CHF 35'000

Investment Amount

5.0%

Interest Rate

Total fees
-
Your return (net of fees)
-

Currently Valid Bids

investor
Amount
Interest
Submitted
Schnipsel68
1'750 CHF
6.5%
01.12.2018 15:03
Februar56
1'750 CHF
6.5%
23.11.2018 12:30
CKO
1'750 CHF
7%
08.12.2018 09:34
Golfer
5'250 CHF
7%
02.12.2018 11:37
Staufel
3'500 CHF
7%
27.11.2018 11:51
Manusch
3'500 CHF
7%
24.11.2018 11:12
Kottke
3'500 CHF
7%
23.11.2018 16:04
DanCitizen
1'750 CHF
7.5%
03.12.2018 08:35
Opossum
1'750 CHF
7.5%
30.11.2018 11:30
JJ
1'750 CHF
7.5%
25.11.2018 13:43
od
1'750 CHF
7.5%
23.11.2018 23:05
CKO
1'750 CHF
7.5%
23.11.2018 20:32
berryman
1'750 CHF
7.5%
23.11.2018 11:01
beni
1'750 CHF
7.5%
23.11.2018 11:00
Arishaka
1'750 CHF
7.5%
22.11.2018 09:02

Currently Dropped Bids

investor
Amount
Interest
Submitted
DanCitizen
1'750 CHF
7.5%
03.12.2018 08:35