Entrepreneur
Name
Peris
Member since
January 2015
On-time repayments
144 installments • 67%
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.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 21, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Republic of Korea
Taiwan
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Summary
Amount repaid
$104.64
Amount remaining
$0.00
Date repaid
May 8, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 1, 2015 | $3.17 | Feb 3, 2015 | $3.17 |
| Feb 8, 2015 | $3.17 | Feb 3, 2015 | $3.17 |
| Feb 15, 2015 | $3.17 | Feb 3, 2015 | $1.53 |
| Feb 11, 2015 | $1.64 | ||
| Feb 22, 2015 | $3.17 | Feb 11, 2015 | $3.17 |
| Mar 1, 2015 | $3.17 | Feb 11, 2015 | $0.81 |
| Feb 17, 2015 | $2.36 | ||
| Mar 8, 2015 | $3.17 | Feb 17, 2015 | $3.17 |
| Mar 15, 2015 | $3.17 | Feb 17, 2015 | $3.17 |
| Mar 22, 2015 | $3.17 | Feb 17, 2015 | $0.29 |
| Feb 21, 2015 | $2.81 | ||
| Feb 25, 2015 | $0.07 | ||
| Mar 29, 2015 | $3.17 | Feb 25, 2015 | $3.17 |
| Apr 5, 2015 | $3.17 | Feb 25, 2015 | $2.38 |
| Mar 2, 2015 | $0.79 | ||
| Apr 12, 2015 | $3.17 | Mar 2, 2015 | $3.17 |
| Apr 19, 2015 | $3.17 | Mar 2, 2015 | $3.17 |
| Apr 26, 2015 | $1.87 | Mar 2, 2015 | $1.87 |
| May 3, 2015 | $11.24 | Mar 12, 2015 | $11.24 |
| May 10, 2015 | $11.24 | Mar 18, 2015 | $7.87 |
| Mar 25, 2015 | $3.37 | ||
| May 17, 2015 | $11.24 | Mar 25, 2015 | $5.62 |
| Apr 2, 2015 | $3.03 | ||
| Apr 8, 2015 | $2.58 | ||
| May 24, 2015 | $11.24 | Apr 8, 2015 | $6.40 |
| Apr 23, 2015 | $4.49 | ||
| May 2, 2015 | $0.34 | ||
| May 31, 2015 | $19.81 | May 2, 2015 | $7.53 |
| May 8, 2015 | $12.28 | ||
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