Loan to buy a duplicator to copy CDs for resale

Stephen

Githurai Progressive, Kenya

100% repaid

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How it Works

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

The money from the loan will mainly help me in purchasing a dublicator for162$, a machine used to copy anddublicate cd's. The machine makes my work easier and will faster because it can dublicate up to 10 cd's at a go.
Working with the machine will help me get more customers,because customers will not wait for long hours to get thier favourite songs or movies so as increasing my profit.