Loan to buy a computer for my design work

Timothy

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Timothy

Member since

August 2014

On-time repayments

387 installments  •  67%

About Me

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.

My Business

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.

Loan Proposal

If I am given this loan, I will spend it on buying a new computer to use in my design work. I am using a 7 year computer (my technician calls it a dinosaur!). Though the machine has served me well over the years, I need to replace it so that I can start using the current software so as to keep up with the competition.

This computer will cost $350 (I am not buying the screen, since the one for the old machine will suffice). By acquiring this machine, I will complete the overhaul of my old machines which I had started with the CD/DVD copier. This means better productivity and hence more profitability.

Dear lenders, I ask you to be part of my success story by lending me once more.

My Videos

Apr 27, 2021: Work or my hands

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$293.00

Date disbursed

Dec 28, 2014

Repayment status

On Time

Projected term

7 months

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

S

Snake707

Somewhere, Germany

C

cfaul

Seattle, United States

R

rholden

glen iris, Australia

Namaste250

Pittsford, United States

hannele

Kovero, Finland

trackpal

Brighton, United Kingdom

K

kosatka

Slovakia

F

flaguy999

Tampa, United States

dmirpuri

Bangkok, Thailand

T

thebonseung

Republic of Korea

J

JacobvdW

Netherlands

lyalljellyman

Wellington, New Zealand

T

tmarkus

Netherlands

Dave

Ede, Netherlands

Heiko

Haan, Germany

S

Steve

United States

Ask Timothy 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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  • Timothy    Apr 20, 2022

    I request for more time. Since my project failed am still working hard to raise again having that I can't do most of job's as my legs are in healing process. Thank you

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  • Timothy    Mar 31, 2022

    I have been working hard. I communicated on 27th February but I have not been able to adjust on the total balance.

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  • Timothy    Mar 14, 2022

    I have been unwell as explained before in details. I request to be considered and given time

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  • Timothy    Feb 27, 2022

    It's unfortunate that I have not been up to date in my payments. I had an accident in February and got both ankle fluctuates. When I was taking the loan, I had a running poultry project that I was intending to expand and sustain me and the family. The market was not fair to me and chicken feeds price became un bearable. I have been depending on my wife small salary and well wishers even to put food on the table. Schools are closing and I have not even paid the fee's. They have been in school by God's grace. Please give me two to three months . I will reorganise my self afresh since now I can walk on clutches. I promise to be paying the amount I get

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  • Timothy    Jan 4, 2022

    Am yet to recover financially

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  • Timothy    Dec 9, 2021

    Am recovering

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  • Timothy    Dec 8, 2021

    My Chicken farming failed and am still recovering from my injuries that I can't do much so far

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  • Peter    Dec 8, 2021

    His phone switched off one of his referees Miss Beth however refused to talk to me

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  • Timothy    Oct 26, 2021

    My Chicken farming failed me after feeds price became unreasonable high. Am planning on my payments anytime from now since i can use clutches.

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  • Timothy    Sep 16, 2021

    My egg production has been low and due to my health i have not been able to walk around but soon all will be well

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  • Daniel    Sep 16, 2021

    Dear Lenders
    Have tried to reach Mr Kimani but his cell phone is switched off but i called one of the referee by the name Daniel who promised to pass the message to him.

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  • Timothy    Sep 14, 2021

    I have been undertaking therapy to restore my legs and has been abit expensive.

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  • Timothy    Aug 23, 2021

    Income low

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  • Timothy    Jul 21, 2021

    My source of income is still low since am still recovering

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  • Timothy    Jun 15, 2021

    The amount is on the higher side

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  • Timothy    May 13, 2021

    I wish to have time and invest the facility

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  • Timothy    Apr 29, 2021

    Thank you lenders for funding my loan within such a short time. You have opened my door to success and I am very grateful for this. I will now move with speed and implement my plan as per my loan proposal.

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  • Ian Gryglewski    Apr 29, 2021

    Go for it mate!

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  • Timothy    Apr 27, 2021

    I invested the last loan in my music business. It helped me a great deal since I was able to buy more machines and this contributed to rapid growth of this business. Unfortunately, I was involved in a grisly road accident last year and I have been on a wheelchair since then. I had to move from the city to my rural home where I am now practicing chicken farming.

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  • Timothy    Apr 1, 2021

    Am not working. I got an accident

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