Loan to buy a cd/dvd copier

Stephen

Mombasa, Kenya

17% repaid

Entrepreneur

Name

Stephen

Member since

April 2014

On-time repayments

269 installments  •  8%

About Me

I am a Kenyan aged 33 years residing in Mombasa. I was born Eldoret and later came to Mombasa after my Secondary school. I was employed for the first few years upon my arrival to Mombasa and later decided to venture into my own business. I come from a family of 10 – 1 brother and 8 sisters some who are now employed while others are still in school.
My parents are small scale farmers in Eldoret and they rely of support of their children to supplement their meager income.

My Business

I run a music shop in Mombasa where I retail popular music in form of Audio CDs, Video CDs (VCDs) and DVDs. I do my business in an area called Mwembe Tayari in the central business district of the city. I also do small scale duplication of CDs for local musicians and simple computer graphics. I have done this business for the last three years and it is very promising because of the demand for entertainment through music in this area. My monthly net income from this business is $200. The business has potential even to double this amount if I can invest in more machines and more stock so that my clients can have a wider variety.

Loan Proposal

This is my second loan at Zidisha. I used my first loan to buy a printer which has made a big difference in my business. I have seen my profit grow and my clients are now happier because their work gets done faster. I hereby apply for a second loan; this time I want to buy a cd/dvd duplicator. My work entails sale of music duplication of music cds and dvds mostly for local artistes. For now, I do it using my 2 computers which take a very long time to produce since I can only do one piece at a time. With a 1 x 11 duplicator, I will be able to make 11 copies in one run, thus saving a lot of time and increasing my productivity. This machine will cost me about $550, so with this loan, and a bit of my savings, I will be able to get one. I take this opportunity to thank lenders who funded my loan and I now call them again and others do support me on this one too.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$467.00

Date disbursed

Jul 23, 2014

Repayment status

Late

Projected term

61 months

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Matching Fund

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Summary

Amount repaid

$129.64

Amount remaining

$650.14

Expected completion

Aug 10, 2019

Status

Repaying late

Installment amount

$2.91

Repayment History

Expected Payments Actual Payments
Aug 2, 2014 $7.51 Aug 1, 2014 $7.51
Aug 9, 2014 $7.51 Aug 1, 2014 $4.12
Aug 10, 2014 $3.40
Aug 16, 2014 $7.51 Aug 10, 2014 $7.51
Aug 23, 2014 $7.51 Aug 10, 2014 $0.72
Aug 24, 2014 $5.81
Sep 4, 2014 $0.98
Aug 30, 2014 $7.15 Sep 4, 2014 $7.15
Sep 6, 2014 $0.00
Sep 13, 2014 $0.00
Sep 20, 2014 $2.91 Sep 4, 2014 $0.01
Sep 28, 2014 $2.90
Sep 27, 2014 $2.91 Sep 28, 2014 $1.76
Oct 8, 2014 $1.15
Oct 4, 2014 $2.91 Oct 8, 2014 $2.91
Oct 11, 2014 $2.91 Oct 8, 2014 $0.01
Nov 18, 2014 $2.90
Oct 18, 2014 $2.91 Nov 18, 2014 $2.91
Oct 25, 2014 $2.91 Nov 18, 2014 $2.91
Nov 1, 2014 $2.91 Nov 18, 2014 $2.91
Nov 8, 2014 $2.91 Nov 18, 2014 $2.91
Nov 15, 2014 $2.91 Nov 18, 2014 $2.91
Nov 22, 2014 $2.91 Nov 18, 2014 $0.01
Dec 15, 2014 $2.90
Nov 29, 2014 $2.91 Dec 15, 2014 $1.76
Dec 22, 2014 $1.15
Dec 6, 2014 $2.91 Dec 22, 2014 $2.91
Dec 13, 2014 $2.91 Dec 22, 2014 $2.91
Dec 20, 2014 $2.91 Dec 22, 2014 $0.01
Jan 5, 2015 $2.90
Dec 27, 2014 $2.91 Jan 5, 2015 $0.59
Jan 15, 2015 $2.31
Jan 3, 2015 $2.91 Jan 15, 2015 $2.34
Feb 6, 2015 $0.57
Jan 10, 2015 $2.91 Feb 6, 2015 $2.91
Jan 17, 2015 $2.91 Feb 6, 2015 $2.91
Jan 24, 2015 $2.91 Feb 6, 2015 $1.76
Feb 17, 2015 $1.15
Jan 31, 2015 $2.91 Feb 17, 2015 $2.34
Apr 15, 2015 $0.57
Feb 7, 2015 $2.91 Apr 15, 2015 $2.91
Feb 14, 2015 $2.91 Apr 15, 2015 $2.91
Feb 21, 2015 $2.91 Apr 15, 2015 $2.91
Feb 28, 2015 $2.91 Apr 15, 2015 $2.34
Jun 25, 2015 $0.57
Mar 7, 2015 $2.91 Jun 25, 2015 $2.91
Mar 14, 2015 $2.91 Jun 25, 2015 $2.91
Mar 21, 2015 $2.91 Jun 25, 2015 $2.91
Mar 28, 2015 $2.91 Jun 25, 2015 $2.34
Jul 5, 2015 $0.57
Apr 4, 2015 $2.91 Jul 5, 2015 $2.91
Apr 11, 2015 $2.91 Jul 5, 2015 $2.91
Apr 18, 2015 $2.91 Jul 5, 2015 $2.91
Apr 25, 2015 $2.91 Jul 5, 2015 $2.34
May 2, 2015 $2.91
May 9, 2015 $2.91
May 16, 2015 $2.91
May 23, 2015 $2.91
May 30, 2015 $2.91
Jun 6, 2015 $2.91
Jun 13, 2015 $2.91
Jun 20, 2015 $2.91
Jun 27, 2015 $2.91
Jul 4, 2015 $2.91
Jul 11, 2015 $2.91
Jul 18, 2015 $2.91
Jul 25, 2015 $2.91
Aug 1, 2015 $2.91
Aug 8, 2015 $2.91
Aug 15, 2015 $2.91
Aug 22, 2015 $2.91
Aug 29, 2015 $2.91
Sep 5, 2015 $2.91
Sep 12, 2015 $2.91
Sep 19, 2015 $2.91
Sep 26, 2015 $2.91
Oct 3, 2015 $2.91
Oct 10, 2015 $2.91
Oct 17, 2015 $2.91
Oct 24, 2015 $2.91
Oct 31, 2015 $2.91
Nov 7, 2015 $2.91
Nov 14, 2015 $2.91
Nov 21, 2015 $2.91
Nov 28, 2015 $2.91
Dec 5, 2015 $2.91
Dec 12, 2015 $2.91
Dec 19, 2015 $2.91
Dec 26, 2015 $2.91
Jan 2, 2016 $2.91
Jan 9, 2016 $2.91
Jan 16, 2016 $2.91
Jan 23, 2016 $2.91
Jan 30, 2016 $2.91
Feb 6, 2016 $2.91
Feb 13, 2016 $2.91
Feb 20, 2016 $2.91
Feb 27, 2016 $2.91
Mar 5, 2016 $2.91
Mar 12, 2016 $2.91
Mar 19, 2016 $2.91
Mar 26, 2016 $2.91
Apr 2, 2016 $2.91
Apr 9, 2016 $2.91
Apr 16, 2016 $2.91
Apr 23, 2016 $2.91
Apr 30, 2016 $2.91
May 7, 2016 $2.91
May 14, 2016 $2.91
May 21, 2016 $2.91
May 28, 2016 $2.91
Jun 4, 2016 $2.91
Jun 11, 2016 $2.91
Jun 18, 2016 $2.91
Jun 25, 2016 $2.91
Jul 2, 2016 $2.91
Jul 9, 2016 $2.91
Jul 16, 2016 $2.91
Jul 23, 2016 $2.91
Jul 30, 2016 $2.91
Aug 6, 2016 $2.91
Aug 13, 2016 $2.91
Aug 20, 2016 $2.91
Aug 27, 2016 $2.91
Sep 3, 2016 $2.91
Sep 10, 2016 $2.91
Sep 17, 2016 $2.91
Sep 24, 2016 $2.91
Oct 1, 2016 $2.91
Oct 8, 2016 $2.91
Oct 15, 2016 $2.91
Oct 22, 2016 $2.91
Oct 29, 2016 $2.91
Nov 5, 2016 $2.91
Nov 12, 2016 $2.91
Nov 19, 2016 $2.91
Nov 26, 2016 $2.91
Dec 3, 2016 $2.91
Dec 10, 2016 $2.91
Dec 17, 2016 $2.91
Dec 24, 2016 $2.91
Dec 31, 2016 $2.91
Jan 7, 2017 $2.91
Jan 14, 2017 $2.91
Jan 21, 2017 $2.91
Jan 28, 2017 $2.91
Feb 4, 2017 $2.91
Feb 11, 2017 $2.91
Feb 18, 2017 $2.91
Feb 25, 2017 $2.91
Mar 4, 2017 $2.91
Mar 11, 2017 $2.91
Mar 18, 2017 $2.91
Mar 25, 2017 $2.91
Apr 1, 2017 $2.91
Apr 8, 2017 $2.91
Apr 15, 2017 $2.91
Apr 22, 2017 $2.91
Apr 29, 2017 $2.91
May 6, 2017 $2.91
May 13, 2017 $2.91
May 20, 2017 $2.91
May 27, 2017 $2.91
Jun 3, 2017 $2.91
Jun 10, 2017 $2.91
Jun 17, 2017 $2.91
Jun 24, 2017 $2.91
Jul 1, 2017 $2.91
Jul 8, 2017 $2.91
Jul 15, 2017 $2.91
Jul 22, 2017 $2.91
Jul 29, 2017 $2.91
Aug 5, 2017 $2.91
Aug 12, 2017 $2.91
Aug 19, 2017 $2.91
Aug 26, 2017 $2.91
Sep 2, 2017 $2.91
Sep 9, 2017 $2.91
Sep 16, 2017 $2.91
Sep 23, 2017 $2.91
Sep 30, 2017 $2.91
Oct 7, 2017 $2.91
Oct 14, 2017 $2.91
Oct 21, 2017 $2.91
Oct 28, 2017 $2.91
Nov 4, 2017 $2.91
Nov 11, 2017 $2.91
Nov 18, 2017 $2.91
Nov 25, 2017 $2.91
Dec 2, 2017 $2.91
Dec 9, 2017 $2.91
Dec 16, 2017 $2.91
Dec 23, 2017 $2.91
Dec 30, 2017 $2.91
Jan 6, 2018 $2.91
Jan 13, 2018 $2.91
Jan 20, 2018 $2.91
Jan 27, 2018 $2.91
Feb 3, 2018 $2.91
Feb 10, 2018 $2.91
Feb 17, 2018 $2.91
Feb 24, 2018 $2.91
Mar 3, 2018 $2.91
Mar 10, 2018 $2.91
Mar 17, 2018 $2.91
Mar 24, 2018 $2.91
Mar 31, 2018 $2.91
Apr 7, 2018 $2.91
Apr 14, 2018 $2.91
Apr 21, 2018 $2.91
Apr 28, 2018 $2.91
May 5, 2018 $2.91
May 12, 2018 $2.91
May 19, 2018 $2.91
May 26, 2018 $2.91
Jun 2, 2018 $2.91
Jun 9, 2018 $2.91
Jun 16, 2018 $2.91
Jun 23, 2018 $2.91
Jun 30, 2018 $2.91
Jul 7, 2018 $2.91
Jul 14, 2018 $2.91
Jul 21, 2018 $2.91
Jul 28, 2018 $2.91
Aug 4, 2018 $2.91
Aug 11, 2018 $2.91
Aug 18, 2018 $2.91
Aug 25, 2018 $2.91
Sep 1, 2018 $2.91
Sep 8, 2018 $2.91
Sep 15, 2018 $2.91
Sep 22, 2018 $2.91
Sep 29, 2018 $2.91
Oct 6, 2018 $2.91
Oct 13, 2018 $2.91
Oct 20, 2018 $2.91
Oct 27, 2018 $2.91
Nov 3, 2018 $2.91
Nov 10, 2018 $2.91
Nov 17, 2018 $2.91
Nov 24, 2018 $2.91
Dec 1, 2018 $2.91
Dec 8, 2018 $2.91
Dec 15, 2018 $2.91
Dec 22, 2018 $2.91
Dec 29, 2018 $2.91
Jan 5, 2019 $2.91
Jan 12, 2019 $2.91
Jan 19, 2019 $2.91
Jan 26, 2019 $2.91
Feb 2, 2019 $2.91
Feb 9, 2019 $2.91
Feb 16, 2019 $2.91
Feb 23, 2019 $2.91
Mar 2, 2019 $2.91
Mar 9, 2019 $2.91
Mar 16, 2019 $2.91
Mar 23, 2019 $2.91
Mar 30, 2019 $2.91
Apr 6, 2019 $2.91
Apr 13, 2019 $2.91
Apr 20, 2019 $2.91
Apr 27, 2019 $2.91
May 4, 2019 $2.91
May 11, 2019 $2.91
May 18, 2019 $2.91
May 25, 2019 $2.91
Jun 1, 2019 $2.91
Jun 8, 2019 $2.91
Jun 15, 2019 $2.91
Jun 22, 2019 $2.91
Jun 29, 2019 $2.91
Jul 6, 2019 $2.91
Jul 13, 2019 $2.91
Jul 20, 2019 $2.91
Jul 27, 2019 $2.91
Aug 3, 2019 $2.91
Aug 10, 2019 $1.30

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