Entrepreneur
Name
Sam
Member since
June 2017
On-time repayments
66 installments • 71%
About Me
I am a Zambian based musician and actor using my influence to influence local communities and being a motivational speaker to the youthful following that I have. I have been profiled by CNN program African Voices and have had the privilege of being a part of a USAID funded TV drama 'Love Games'. I was raised in a low income community within the capital city of Zambia, Lusaka by a single mother and while seeing members of my community waste away due to poverty, substance abuse and disease, music gave me purpose and I overcame my circumstances and I tell my story every chance I get. I understand that I have a voice in my community and by using my voice to speak to underprivileged children, I open up their minds to a world of possibility and seek to inspire them to dream beyond the reach of their eyes.
My Business
My business is in music production and performance, audio advertising, branded apparel and visual arts in the form of film. I was signed to a major record label but I felt like being dependent on it limited my personal growth so I took the bold step of restarting my career on my own. I have so far funded my own projects but I still have opportunities to grow further with a significant capital injection. My influence is fueled by my relevance and my relevance comes from having products for people's consumption in form of either audio or video form which propels the sell of both albums and branded merchandise. My typical costs are for studio, printing and video equipment which I typically outsource but would love to procure my own as time goes by.
Loan Proposal
I plan to have custom design T-Shirts relating to my album and songs and put them in production making a 30% profit on each one. Production without my own equipment costs right around $7 per T-Shirt and go for about $10. The value this will create is having the followers of my music having a souvenir relating to their favourite songs and artist. The money will enable me to acquire to increase the money I have in my savings for the equipment I need.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$125.00
Date disbursed
Jun 3, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Summary
Amount repaid
$124.92
Amount remaining
$0.00
Date repaid
Sep 2, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 16, 2017 | $7.52 | Jun 9, 2017 | $7.52 |
| Jun 23, 2017 | $7.52 | Jun 16, 2017 | $7.52 |
| Jun 30, 2017 | $7.52 | Jun 23, 2017 | $7.52 |
| Jul 7, 2017 | $7.52 | Jun 30, 2017 | $7.52 |
| Jul 14, 2017 | $7.52 | Jul 7, 2017 | $7.52 |
| Jul 21, 2017 | $7.52 | Jul 14, 2017 | $7.52 |
| Jul 28, 2017 | $7.52 | Jul 23, 2017 | $7.52 |
| Aug 4, 2017 | $7.52 | Jul 27, 2017 | $7.52 |
| Aug 11, 2017 | $7.52 | Aug 10, 2017 | $7.52 |
| Aug 18, 2017 | $7.52 | Aug 18, 2017 | $7.52 |
| Aug 25, 2017 | $7.52 | Aug 25, 2017 | $7.52 |
| Sep 1, 2017 | $7.52 | Sep 1, 2017 | $7.52 |
| Sep 8, 2017 | $7.52 | Sep 1, 2017 | $7.52 |
| Sep 15, 2017 | $7.52 | Sep 1, 2017 | $7.52 |
| Sep 22, 2017 | $7.52 | Sep 1, 2017 | $7.52 |
| Sep 29, 2017 | $7.52 | Sep 1, 2017 | $3.22 |
| Sep 2, 2017 | $4.30 | ||
| Oct 6, 2017 | $4.62 | Sep 2, 2017 | $4.62 |
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