A laptop to help in music distribution business

Jonah

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Jonah

Member since

August 2016

On-time repayments

70 installments  •  74%

About Me

Am Jonah Se-rem a father of one boy and a lover of music, i was born and raised in Eldoret to a family of peasant farmers, My childhood was full of mixed challenges with prayers and help from relatives i manged to complete my education, i studied at uasin gishu primary and high school, i schooled at Eldoret polytechnic with a diploma in music production.
After school i did not like staying home idle i tried to search for a job but i did not get a chance, i tarmacked for several months until one day i got a space in a friends music shop to work as a assistant in selling music Cd's.
I later managed to save money and started my own shop in a different position in town, I now sell music Cd's and i focus on gospel music because it has a better profit.
Most people in my community focus on farming due to plenty of land.
My hobbies are fishing and pets.

My Business

I buy and sell music disks, i buy from local artist and sell in my store and a times i sell walking on the streets in order to advertise and make more sales.
i buy a single disk at 50 KS and sell at 100 KS making a profit of 50 KS from every disk.
I sell an average of 15 disk a day and make a profit of 750 ks a day which i save for rent use for food and family upkeep.

Loan Proposal

Once i receive the loan of 35 us dollars after membership fees deduction i will add to my savings make it amount to 200 us dollars and purchase a laptop.
This machine i will use to find out which music is latest and keep records of my business.
I believe i will be in a position to serve my customers better than before and increase my sales.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$125.00

Date disbursed

Aug 18, 2016

Repayment status

On Time

Projected term

4 months

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$131.24

Amount remaining

$0.00

Date repaid

Dec 31, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 27, 2016 $4.03 Aug 30, 2016 $3.73
Sep 5, 2016 $0.30
Sep 3, 2016 $4.03 Sep 5, 2016 $3.73
Sep 11, 2016 $0.30
Sep 10, 2016 $4.03 Sep 11, 2016 $3.73
Sep 18, 2016 $0.30
Sep 17, 2016 $4.03 Sep 18, 2016 $4.03
Sep 24, 2016 $4.03 Sep 18, 2016 $4.03
Oct 1, 2016 $4.03 Sep 18, 2016 $4.03
Oct 8, 2016 $4.03 Sep 18, 2016 $4.03
Oct 15, 2016 $4.03 Sep 18, 2016 $4.03
Oct 22, 2016 $4.03 Sep 18, 2016 $4.03
Oct 29, 2016 $4.03 Sep 18, 2016 $0.71
Oct 2, 2016 $3.33
Nov 5, 2016 $4.03 Oct 2, 2016 $1.71
Nov 4, 2016 $2.32
Nov 12, 2016 $4.03 Nov 4, 2016 $4.03
Nov 19, 2016 $4.03 Nov 4, 2016 $4.03
Nov 26, 2016 $4.03 Nov 4, 2016 $4.03
Dec 3, 2016 $3.23 Nov 4, 2016 $3.23
Dec 10, 2016 $15.12 Dec 7, 2016 $15.12
Dec 17, 2016 $15.12 Dec 19, 2016 $15.12
Dec 24, 2016 $15.12 Dec 19, 2016 $1.01
Dec 25, 2016 $14.12
Dec 31, 2016 $26.18 Dec 25, 2016 $1.01
Dec 31, 2016 $25.17

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