Loan to improve my business buying & selling music discs

Jonah Serem

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Jonah Serem

Location

Eldoret, Kenya

On-time repayments

68 weekly 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

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

None

None

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

Lenders

johnfay

Lusaka, Zambia, South Africa

N

nani

austin, United States

T

Tmann

Los Angeles, United States

C

Christian

Saarbruecken, Germany

J

jgpryor

Williamsport, PA, United States

A

Anna

Brussels, Belgium

DeanDropshot

Oslo, Norway

aarongabrielson

Heber City, United States

EHTHighSchool

Egg Harbor Township, United States

Silver

Steiermark, Austria

Straetman

Kaarst, Germany

ErikN

Stockholm, Sweden

petitnekomimi

Milverton, United Kingdom

T

traderjohn

Baltimore, United States

ScottSavage

Las Vegas, NV, United States

Kysera

Crawfordsville, United States

T

Timotte

WOLLONGONG, Australia

I

Icegirl531

Inuvik, Canada

HE

help each other

Glasgow, United Kingdom

A

Alexandre

Sherbrooke, Canada

Moyeji

Australia

G

glomardor

Leonardtown, United States

Walter86

Napoli, Italy

D

danderson1953

Plainsboro, United States

P

PhilACK

Brampton, Canada

Namaste250

Pittsford, United States

B

BClay

Campbell, United States

Sunnyside

Stafford, United Kingdom

T

Tui1974

nuenen, Netherlands

camilberlin

Berlin, Germany

T

Taupe

Balzers, Liechtenstein

A

asmoris

Toronto, Canada

JonB

London, United Kingdom

C

cranejoad

cazenovia, United States

TuveTheDog

Helsinki, Finland

G

Gdrvasc

Frederick, United States

M

microlender

United States

Paul Buchheit

Mountain View, United States

D

DandS

United States

P

plhughes

United States

M

merk85

United States

B

bugdaniel

Switzerland

M

marcof

Netherlands

G

gsh589

United Kingdom

larry

Sweden

E

expatri

United States

T

tmarkus

Netherlands

H

hixeu

Belgium

K

Keith

Luxembourg

M

Medagan

San Franciso, United States

E

enigmatic

United Kingdom

S

satheajay

United States

B

Bennphoto

United Kingdom

I

ident

Horsholm, Denmark

P

pnrjulius

United States

F

Foster

United Kingdom

Kyle Hoback

Jersey City, NJ, United States

K

Kristiina

All Countries

F

Falk

Germany

M

monty

Australia

PV

Patrick van der Meer

MANTGUM, Netherlands

N

Niels

Berlin, Germany

SC

Sarnia Cherie Ralsto

south coast nsw australia, Australia

Cassian Opara

London / Dubai, United Arab Emirates

Felix

Munich, Germany

MW

Matt Willis

United States

W

Wade

United States

jtreyes

United States

JT

John Tabacchi

United States

E

erica

antwerpen, Belgium

T

thedan33

Czech Republic

KL

Ket Lin

United States

Paul

Seattle, United States

JD

Jeff DePree

United States

George

Corvallis, Oregon, United States

CNV

United States

A

Amanda

United States

Cristina Huesch

Canberra, Australia, Australia

TH

tom hd

United Kingdom

NO

Nancy Owen

United States

JF

Jason Foti

United States

PG

Paul Graham

United States

P

patricio

Yorba Linda, Ca, United States

E

eriklonnroth

United Kingdom

J

Jason

United States

Aran Dunlop

United States

André Pinto

Brussels, Belgium

A

Anonymous

United Kingdom

Rosario von Li

San Jose, Ca, United States

Taylor

Memphis, United States

EB

Ellen Batten

Kalamazoo, Michigan, United States

AG

abel ghita

Bucharest, Romania, Italy

Thomas

Sweden, Sweden

L

LK

United States

DK

Danny Kelly

United States

B

Boris

Bern, Switzerland

M

mandy

Australia

RB

Ruth Brown

United States

RG

Ravi Gadad

United States

Sinan Taifour

Munich, Germany, Germany

JA

Joe and Deb Rinella

Kansas City Metro, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

JD

JASON DORSETT

United States

CS

Chris Salzman

United States

MB

Mimi Botkin

United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

ED

Eunan Doherty

donegal ireland, Ireland

PS

praful shah

United States

Paul Thompson

York, United Kingdom

R

RMIM

United States

Paul Buchheit

Mountain View, United States

RH

Rachel Hipp

United States

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