Buy movie cd's to diversify my business

Stephen

Githurai Progressive, Kenya

100% repaid

Entrepreneur

Name

Stephen

Member since

February 2015

On-time repayments

72 installments  •  32%

About Me

I am the last born in a family of 4 children and I have grown up in Githurai which is an informal settlement on the outskirt of Nairobi. My childhood was full of problems range from lack of food, lack of school supplies and lack of clothing but these challenge did not distract me from completing my high school education. I later secured marketing training from local community organization then secured employment from a marketing institution on casual basis hence my allowance I partly supported my family as well as saved with an intention of starting own business.

After 3 years, I started my own business which involves burning and selling of movie CD's the business has grown and now the demand for the products is high .

When am not working I am playing soccer at the community level as it keeps me fit and network with other young people.

My Business

My business has been in existence for over 7 years and is based in Githurai and it involves buying movie's and reselling to the local people. The business has been growing because I have been in position to stock most latest movie's thus local people love my business. I choose this business because I have the marketing skills, love movie's and their was a market niche for the product. My typical cost involves buying the movie's, paying rent for my premises and other utility hence my average monthly revenue is approximately $ 170. I use my profit to offset family business as well as saving with intention to boost green grocery business for my wife so that our family income can increase.

Loan Proposal

My business has been in existence for over 4 years and it is based in Githurai . It involves buying and selling of music CD's to the local people hence I intend to introduce video CD's because the demand is high thus I intend to use part of my savings and Zidisha loan to buy Video CD's worth $ 135. The video CD's will range from local drama, international soap opera, documentary, cartoons and war movies. This will diversify my business and meet the ever growing demand for my products which will contribute towards increase in profit. I intend to use part of my profit to support my family and boost green grocery business for my wife. Please support my loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 23, 2015

Repayment status

On Time

Projected term

10 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$105.35

Amount remaining

$0.00

Date repaid

Feb 28, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 5, 2015 $3.29 Apr 21, 2015 $3.29
Apr 12, 2015 $3.29 Apr 21, 2015 $3.29
Apr 19, 2015 $3.29 Apr 21, 2015 $3.29
Apr 26, 2015 $3.29 May 1, 2015 $3.29
May 3, 2015 $3.29 May 9, 2015 $3.29
May 10, 2015 $3.29 May 18, 2015 $3.29
May 17, 2015 $3.29 May 23, 2015 $3.29
May 24, 2015 $3.29 Jul 22, 2015 $3.29
May 31, 2015 $3.29 Jul 22, 2015 $3.29
Jun 7, 2015 $3.29 Jul 22, 2015 $2.77
Aug 7, 2015 $0.52
Jun 14, 2015 $3.29 Aug 7, 2015 $3.29
Jun 21, 2015 $3.29 Aug 7, 2015 $3.29
Jun 28, 2015 $3.29 Aug 7, 2015 $3.29
Jul 5, 2015 $3.29 Aug 7, 2015 $0.07
Aug 10, 2015 $2.20
Sep 5, 2015 $1.02
Jul 12, 2015 $3.29 Sep 5, 2015 $3.29
Jul 19, 2015 $3.29 Sep 5, 2015 $3.29
Jul 26, 2015 $3.29 Sep 5, 2015 $3.29
Aug 2, 2015 $3.29 Sep 5, 2015 $3.29
Aug 9, 2015 $3.29 Sep 5, 2015 $3.29
Aug 16, 2015 $3.29 Sep 5, 2015 $3.29
Aug 23, 2015 $3.29 Sep 5, 2015 $3.29
Aug 30, 2015 $1.25 Sep 5, 2015 $1.25
Sep 6, 2015 $0.00
Sep 13, 2015 $0.00
Sep 20, 2015 $0.00
Sep 27, 2015 $0.00
Oct 4, 2015 $0.00
Oct 11, 2015 $2.20 Oct 29, 2015 $2.20
Oct 18, 2015 $2.20 Oct 29, 2015 $0.88
Dec 12, 2015 $1.32
Oct 25, 2015 $2.20 Dec 12, 2015 $2.20
Nov 1, 2015 $2.20 Dec 12, 2015 $2.20
Nov 8, 2015 $2.20 Dec 12, 2015 $2.20
Nov 15, 2015 $2.20 Dec 12, 2015 $1.98
Jan 10, 2016 $0.22
Nov 22, 2015 $2.20 Jan 10, 2016 $2.20
Nov 29, 2015 $2.20 Jan 10, 2016 $2.20
Dec 6, 2015 $2.20 Jan 10, 2016 $2.20
Dec 13, 2015 $2.20 Jan 10, 2016 $2.20
Dec 20, 2015 $2.20 Jan 10, 2016 $2.20
Dec 27, 2015 $2.20 Jan 10, 2016 $2.20
Jan 3, 2016 $2.20 Jan 10, 2016 $1.98
Jan 10, 2016 $0.22
Jan 10, 2016 $2.20 Jan 15, 2016 $2.20
Jan 17, 2016 $2.20 Feb 28, 2016 $2.20
Jan 24, 2016 $2.13 Feb 28, 2016 $2.13

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