Upgrade my music recording studio

Ibrahim

Kakamega, Kenya

42% repaid

Entrepreneur

Name

Ibrahim

Member since

April 2014

On-time repayments

5 installments  •  40%

About Me

My name is Ibrahim Osborn Mukatia I was born in Kenya, Kakamega County in Shikhambi. I went to school in Maraba primary school but unfortunately dropped out of school while in class seven due to lack of school fees. My father and mother separated while i was young and all through I have grown on the streets. My mother appeared one day and went back to where she was and he brought me up single handed. I started hawking sweets, watches and children toys when I met a well wisher who introduced me to the ministry of music. Through God`s Grace and favor av risen to a known musician in the country. Currently I started my own music recording studio where well wishers who new my background contributed in bits to buy me studio equipment. The studio does well and is my only source of income. I now take care of my Mother who is too Old to fend for herself. I have a wife and three beautiful daughters I thank God Because Zidisha will take me somewhere.

My Business

Being a gospel singer, I Record Other artists who in turn pay for the services rendered. Recording an album costs about 180 dollars in a months i Record like six people thus totals to around 1080 dollars. I want to use the loan to upgrade my recording studio. By buying sound proof materials and furnish the waiting area for my customers which will cost me around 450 dollars. though i Have a deficit of 300 dollars. This will attract may customers in the first face of my project. Also It will form my starting point to achieve my vision of empowering talented youths in singing but because of lack of capital to record an album will be able to record and reach the world with their touching music.

Loan Proposal

I want to use the loan to upgrade my recording studio. By buying sound proof materials @ about 130 dollars, a condenser recording microphone @ 50 dollars and furnish the waiting area for my customers which will cost me around 450 dollars. though i Have a deficit of 300 dollars. This will attract may customers in the first face of my project and also nature young talents in singing to reach out the world.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

May 27, 2014

Repayment status

Late

Projected term

5 weeks

Lenders

B

Bpryse

Long beach, United States

C

cjmenchaca

Austin, United States

B

Bokolo

Leeds, United Kingdom

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

Aaron85

Knoxville, United States

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