Equipment to improve my videography service

David

Mombasa, Kenya

36% repaid

Entrepreneur

Name

David

Member since

May 2014

On-time repayments

235 installments  •  25%

About Me

My name is David Waigwa. I was born in Central Kenya where I was brought up. I then relocated to coastal town of Mombasa 15 years ago in search of greener pastures.

I started business as a photographer and through savings, I enrolled for a short computer course to learn computer literacy. I later enrolled for a video editing course where I learned video editing skills using computers.

Through more savings, I managed to buy one computer and a camera which I use to do my videos,work. I combine both still and video coverage that is what gives me and my family our daily bread.

I am married with two children aged - both girls aged 13 and 5 years old.

My Business

My business deals with photography, both still and videos. I also undertake video editing work for other cameramen who do not have equipment or skills to do the job. I have done this work for the last 10 years and I am well known within my area of operation.


I cover functions such as weddings, documentaries and music. I make an average net profit of $350 per month.

I face a number of challenges in my business but the main one is lack of capital to expand the business. The equipment for this job are costly and getting credit locally is a bit hard.

If I get a loan of $150 from Zidisha, I will be able to add this amount to my savings and buy a fast and reliable computer since the one I have is old and cannot support the latest Operating system and video editing programs which are essential in my work.

Loan Proposal

I am now about to implement my second business upgrade after buying a computer with the first loan. I normally hire video accessories when going to do photo or video shoot. Some of the accessories I hire include, video lights, reflectors and tripod stands.

This pushes my production costs very high and it eats up my profit margin. For my work to remain competitive, I need to have my own accessories so as to save on the money that I use to hire out those items. It also means faster service since I am made to wait for those accessories to be available when I need them.

With this loan, I plan to spend the money as follows:

1 . 2 video flash lights at a total cost of $200
2. A tripod stand at a cost of $130
3. 2 reflectors at a total cost of $70

This will go a long way in fulfilling my long held dream of being self sufficient in my work. This will increase the speed at which I do my work and I will be able to serve more clients hence increased profitability.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$419.00

Date disbursed

Feb 28, 2015

Repayment status

Late

Projected term

70 months

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Ask David a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • David    Dec 19, 2018

    I will start paying higher amounts in a short while.

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  • Ndungu    Jul 3, 2017

    I met David today and he promised to make some payments starting this month. His business has not been doing well hence the delay.

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  • David    Feb 13, 2016

    My business is not doing well for now. I hope to recover in the next few weeks and increase my weekly payments please.

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  • David    Aug 27, 2015

    Dear lenders, I am sorry I have to reduce my weekly payment to KES 200 from KES 500 due to a low season that I am currently experiencing. I hope to resume to my normal amount as soon as the business income improves. I kindly ask for your understanding. Thank you.

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  • David    Jun 25, 2015

    Hello lenders ,
    I have communicated with David Waigwa about his arrears and He promised to pay in something before Sunday this week to come out of arrears.
    Thanks

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  • Rob Wright    Feb 23, 2015

    Due to Zidisha's interest rate change, seems like it would be better to let this application not be accepted. Then David should refile and get the lower interest rate.

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    • David    Feb 24, 2015

      Dear Rob, I really don't mind repaying the loan with a small interest instead of repeating this process a second time. Thanks for your concern.

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  • Peter    Feb 20, 2015

    hell waigwa great business idea l wish you best of luck

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  • Stephen    Feb 16, 2015

    great business idea

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  • Benta    Feb 15, 2015

    all the best in your business

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  • David    Feb 14, 2015

    I am very thankful for the first loan that I got from Zidisha. I used it to buy a computer that I use as a tool for my video and photo editing work. This brought a lot of convenience to what I do and my clients are how happier and more satisfied with my work.

    Log in to reply • Share
  • David    Jan 27, 2015

    My business is booming and I have decided to shorten my repayment period. This way I will save on interest charged on this loan. I am also expecting to apply for a bigger loan so that I can expand my business even further.

    With Zidisha support, the sky is the limit. Thank you all for the valuable support you have given me this far.

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  • Margaret    Jul 28, 2014

    Congratulations David for making to raise the funds you require. I believe it'll make a big difference in your work. Looking forward to more updates.

    Log in to reply • Share
    • David    Jul 29, 2014

      Thanks Margaret, The funds will definitely improve my business. I will keep you posted.

      Log in to reply • Share
  • David    Jul 28, 2014

    Thank you lenders for your bids. May God bless you all.

    Log in to reply • Share


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