Inventory of music cds

Festus

Mombasa Island, Kenya

100% repaid

Entrepreneur

Name

Festus

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

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 17, 2015

Repayment status

On Time

Projected term

4 months

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

Ask Festus a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Festus    Sep 9, 2015

    Thank you lenders for trusting me with your money for the third time. I will use this money to market my gospel music in the region. This will enable me reach more people, spread the gospel and increase my income.

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  • Festus    Sep 9, 2015

    Thank you lenders for trusting me with your money for the third time. I will use this money to market my gospel music in the region. This will enable me reach more people, spread the gospel and increase my income.

    Log in to reply • Share
  • Festus    Aug 27, 2015

    Dear lenders, Just to let you know that the loan that I have just cleared was very beneficial to me. I was able to stock and market my music including venturing into a neighboring county with a lot of success. The flip-side of this is that when I went to Tanzania, I stayed longer that I had planned and there is no way I could make the payments from there. I missed a number of payments when I was away and that explains why my repayment record is not 100%; but all is well that ends well and here I am and I have cleared the loan!

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  • Festus    Aug 27, 2015

    Dear lenders, Just to let you know that the loan that I have just cleared was very beneficial to me. I was able to stock and market my music including venturing into a neighboring county with a lot of success. The flip-side of this is that when I went to Tanzania, I stayed longer that I had planned and there is no way I could make the payments from there. I missed a number of payments when I was away and that explains why my repayment record is not 100%; but all is well that ends well and here I am and I have cleared the loan!

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  • Samuel    Jul 2, 2015

    I phoned Festus today at 12.06pm . He explained that he had travelled outside Kenya but has promised to pay in all the arrears this coming Sunday.

    Thanks.

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  • Festus    May 15, 2015

    This is to confirm that I received KES 18,113 ($201) on Wednesday. This money will help me a great deal in marketing my music. Thank you so much.

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  • Festus    May 12, 2015

    Thank you lenders for trusting me with your money it means a lot to my business expansion plan. I will pay you as per the schedule.

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  • Festus    Apr 30, 2015

    Dear lenders, I have now cleared my first loan at Zidisha and I am now applying for a second one. The cash boost from the loan eased my operation since I was able to do many things that I could not previously do. I take this opportunity to thank you all for your support.

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  • Festus    Apr 7, 2015

    @ l take this opportunity to give God Glory and honor for what has done through the zidisha group
    @ l have received the money from the group and l have added my music shop stock that am selling gospel only in my shops in mombasa moi avenue califonia building near Baraka fm media
    may God bless you and give a great grace to live supporting us

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