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.
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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
Other loans
Lenders
United States
United States
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