387 installments • 67%
My name is Timothy Kimani, a Kenyan born in Muranga county of central Kenya. I was born in a family of 8 where I am the 6th born. My parents are peasant farmers who struggled to raise us up and put us through school. I later moved to Mombasa to look for a job.
I married ten years ago but unfortunately my wife passed on during the delivery of our second born. Luckily the baby survived and he is now turning 5 years in December this year. I take care of the two kids on my own and sometimes get help from my sisters when they get time to do so.
I work very hard in my business while at the same time looking after the little ones.
I am a music producer and my niche is local gospel artistes. My mainstay job is to sell and market the music of these artistes. I also do consultancy jobs in the same field due to my long experience and knowledge in this area. I also do artwork for the CD covers and promotional posters and banners.
I normally link up with music recorders who refer the musicians to my shop where I do mass duplications of their CDs. VCDs and DVDs. I am currently serving about 40 artistes. This is an all season business and there is a constant flow of income daily. I make an average income of about $250 after paying all the business related bills.
My main challenge in this business is lack of credit since the local institutions only deals with big business as they consider small outfits such as mine a risk.
My main business entails mass production of music CDs and DVDs. I use copiers to do this where I am able to produce about 50 CDs per hour using one copier. I have two copiers and when they are both working, I can produce 100 CDs per hour. To survive in this business, one needs fast machines and high level of efficiency.
Unfortunately, one of my copiers broke down recently due to a power surge. My technician advised me not to bother having it repaired because the cost will be almost that of buying a new one. To retain my clients, I need to replace it soon. This will cost $320 and if granted this loan, I will top-up the balance from my savings and get the machine. This will ensure that I will continue serving my clients without delay.
Thank you and kindly consider funding this request.
Apr 27, 2021: Work or my hands
Sep 23, 2014