Loan to improve my business buying & selling music discs
Jonah Serem
Eldoret, Kenya
100% repaid
Entrepreneur
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
I will use this loan to stock my shop, I will budget for empty disks, new songs, advertising the shop, and employ someone to do distribution in town.
I hope to double my profits, educate my brother and improve the business.
Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$187.32
Date disbursed
Jan 11, 2017
Repayment status
On Time
Projected term
10 months
Cost to entrepreneur
Service fee: $8.24
Other loans
Lenders
[email protected], Belgium
Baltimore, United States
Inuvik, Canada
Glasgow, United Kingdom
Plainsboro, United States
Germany
United States
Brazil
Ireland
Switzerland
MANTGUM, Netherlands
south coast nsw australia, Australia
United States
United States
United States
United States
United States
Australia
United States
United Kingdom
Canada
Bucharest, Romania, Italy
United States
Norway
United States
Germany
United States
United States
donegal ireland, Ireland
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Ireland
Ask Jonah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.