Inventory of music cds

Festus Musila

Mombasa Island, Kenya

100% repaid

Entrepreneur

Name

Festus Musila

Member since

February 2015

On-time repayments

72 installments  •  67%

About Me

My name is Festus – born in Machakos town near the capital city of Kenya – Nairobi. Machakos is a small town where the people engage in crop farming as well as livestock keeping. I grew up in this society and learnt farming skills at an early age while still attending school.
I went to primary then secondary school in my home area and then went to Nairobi for my college education. I did a certificate in audio and video production where I graduated after two years. I got short contracts jobs with leading media houses where we would go for road shows across the country. I was working as sound technician during these tours.

I later quit and joined a friend in Mombasa because I wanted to start a new career. While in Mombasa I reignited my love for music and through help of friends I produced my first audio album in 2007. I managed to market and make quick sale of my music and this enabled me to open a small music store in town which serve as an outlet for my music as well as for other artists. I am still doing this to date and it has been a success.

My Business

My business entails stocking music in form of CDs and Dvds for reselling. I sell my own music as well as for other artist. I do gospel music because I am a staunch Christian who is very committed to his beliefs. My dream is to open other branches in and outside Mombasa town so as to serve more people while spreading the word of God through music.

I have employed one assistant who helps in the day to day running of the music shop. I make about $220 per month after all expenses are paid. I use this money to pay my bills and also to support my parents back at home.

Loan Proposal

If given this money, I will use to add more stock of music. One requires a wide variety of music to be successful in this field. I need more money to stock a wider variety and this is reason I am requesting for this loan. With this money, I will be able to buy 50 CDs of various types of gospel music which I know will sell pretty fast hence recoup my expenses while repaying the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.38

Date disbursed

Feb 17, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $100.38 at 5.63% annual rate over 4 months = $2.25

Service fee: $1.49

Lenders

investor

Candiac, Canada

P

Philippe

Adliswil, Switzerland

DeanDropshot

Oslo, Norway

Zidisha

Sterling, United States

ads68

Melbourne, Australia

F

flaguy999

Tampa, United States

C

cardiff

Falls Church, United States

M

Marod

Edmonton, Canada

J

JacobvdW

Netherlands

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

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