Flat screen tv for customers to watch latest movie trailers

Stephen

Githurai Progressive, Kenya

17% 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

If/will my lenders help me with the loan, I will add to my savings and purchase a flat screen TV for my customers to watch latest movie trailer's. Am targeting 32 inch TV which cost 250$ - 300$ depending with the manufacturer.
Now my customers will be able to watch a trailer of movie they want to buy or the latest one's. Hence adding profit to my business.
I expect 20% increase in my monthly profit.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Nov 4, 2016

Repayment status

Late

Projected term

4 months

Lenders

PG

Paul Graham

United States

jo

Los Angeles, United States

J

James

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

LR

Loyce Riggans

United States

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