Video camera for freelance correspondence
Maurice
Nairobi, Kenya
58% repaid
Entrepreneur
Name
Maurice
Member since
February 2015
On-time repayments
23 installments • 65%
About Me
My name is Maurice Momanyi. I was born in Nyanza in Western Kenya where I was brought up. I then moved to Nairobi 16 years ago in search of greener pastures. Earlier, I had visited many other local urban centres in Kenya trying to earn a living after completing high school.
I trained in journalism through hard-earned savings, after which I came out as a writer and photographer. Currently I contribute to a local weekly where I get paid on commission basis.
I managed to buy a camera which I use to do my work. I combine news coverage with photography which enables me and my family earn our daily bread.
I am married with two children aged - both boys - aged 8 and 10 months.
My Business
My Business
My business deals with freelance writing and photography. I also take pictures during different social accasions at a small fee. I have done this work for the last 10 years and I am well known within my area of operation.
I attend press conferences and seek exclusive feature stories which I contribute to print media. I make an average net profit of $150 per month.
I, though, face a number of challenges the main one being lack of capital to expand the business. The equipment for this job are costly and getting credit locally is difficult.
As you may remember the first loan I got of KES 5,068 was fully repaid, though a membership fee of KES 1000 and a member's loan deposit of KES 3,000 was automatically deducted, leaving me with only KES 1,068, which couldn't do me much.
Now I'm intending to switch to video work after I entered into a contract with a local television station that is based in the coastal county of Mombasa where I'm expected to be corresponding from the capital Nairobi. This agreement requires me to acquire my own video camera for it to succeed.
The amount I have at hand (KES 95,000) cannot be enough to get one. I need KES 250,000 for the same. This means I have a deficit of KES 155,000, which I thought Zidisha could grant me.
I basically need USD 1000 (KES 135,000) to go for the 3CCD video camera to be able to embark on my work.
Loan Proposal
Add on to what I have and acquire a video camera to be able to correspond to a local television station from where I am (Nairobi) to the coastal city of Mombasa. This follows an agreement between me and the said Pwani TV, who required that I should have my own video camera for the contract to begin forthwith.
I need KES 100,000 to add on whta I have to get it.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 30, 2016
Repayment status
Late
Projected term
3 months
Other loans
Lenders
San Francisco, Netherlands
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