Loan to produce gospel music

Entrepreneur

About Me

My name is Peris Daniel. I was born in Nyeri County in central Kenya. I was born in a family of six and I am the 5th born. I went to primary school in Nyeri and then went to Mombasa for secondary education. I later did short courses in driving and computer applications.

I did menial jobs for a few years before deciding to venture into music industry and preaching. This is a talent that I realized could earn me a living if I pursued it seriously. I still live in Mombasa city and continuing with my music and preaching career.

My Business

I am a gospel artiste and I spend most of my time selling my music in form of audio and video CDs. I recorded my first audio album two years ago and this was closely followed by a video CD of the same track. I have sold about 300 audio copies and about 200 copies. I normally sell the cds in open markets, gospel crusades and even door to door. I make a modest profit of about $1 per cd. I supplement my income by doing performances in churches and other social events such as crusades and weddings.

I normally produce copies depending on demand but normally in small quantities like a dozen per batch.
I am planning to record my second album as soon as I get funds to do it.

Loan Proposal

If given the money, I will spend it by producing more copies of my music. The budget for this will be
100 audio CDs complete with covers $50
80 Video CDs complete with covers $40
This stock will keep me going for at least three months and I will make good savings due to bulk production hence make more profit.

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