Loan to purchase a modern camera for my photography business

Dauglas Mwanga

Kawangware, Kenya

100% repaid

Entrepreneur

Name

Dauglas Mwanga

Member since

November 2014

On-time repayments

269 installments  •  20%

About Me

I was born 30 years ago at a village in Western Kenya and went to school there. I grew up with a vision to be a career Journalist. While in Primary School, I ventured in poultry where I reared local breeds and sold both eggs and chicken to the teachers and neighbors.
When I sat for my KCPE, I scored good grades and joined high school where I also completed and later joined campus to pursue Journalism and Communication.
In 2009, I finally completed and joined a local radio station where I worked there as a presenter/Reporter for a whole year. I moved to a different local community Radio Station where I worked again for a year before leaving to join a monthly Education Magazine where I worked as a writer.
In January 2013, I left work as a writer to start my small Computer printing,typing, photo and Video Editing as well as photo copying.
within two months as an entrepreneur, I got a job at a Local College teaching Journalism as a part time lecturer.
Since then, my business continue to flourish day after the other. I now want to replace an editing Computer and employ one person from college as an intern so that i can improve efficiency of the business.

My Business

My business deals with copy typing, printing, photocopying, photo/passport taking /editing and Video editing. I
I realized many people in my neighborhood and in church are in need of video and photo coverage during their events.These events range from weddings, house warming, funerals, passports for students registering in schools/colleges. a part from that, my business is strategically positioned at a D.o/Chief's camp where many people come for services and mostly want photocopies of their documents. so it is easy to tap them.
I chose this kind of business because its part of my career and also because of the overwhelming demand of the above services within this locality. I get considerable profits which I save part of it for my son's future, and also part of it for purchase of accessories, stationary and maintenance, Rent, and other utility bills. I seek 60000 Kenya shillings to buy a modern computer that is compatible with modern editing software to edit clients videos and photos. It will also help me increase the number of interns to 2 where they will get enough resource to learn from. I will appreciate getting a loan to improve my business and empower others also as enshrined in our Kenyan Vision 2030.

Loan Proposal

Since my Business deals with photography of all kinds, photo printing, video coverage and editing, I need modern equipment to undertake this task. The wise men say that a picture is worth a thousand words, and if that picture has to be worth a thousand words, it has to be of higher quality. secondly, I currently use a small digital camera with 10.1 megapixels which does not really produce the best quality that my clients deserve. That is the chief reason why I need a loan to purchase a good Camera.
In a nutshell, all the money that am seeking to raise will all go towards purchase of the said camera. currently, a cannon camera size that i want to purchase goes at around 32,000Kes. Given that am set to raise 23,700Kes from Zidisha, I will need to add around 10,000Kes in order to acquire this equipment and my business will flourish!Kind regards as I look forward to raise this loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$267.48

Date disbursed

Dec 30, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $267.48 at 2.85% annual rate over 2 months = $1.72

Service fee: $2.23

Lenders

investor

Candiac, Canada

Zidisha

Sterling, United States

rasmus

Bern, Switzerland

Matthew

New York, NY, United States

C

Casaderanas

Adelaide, Australia

C

Cohoes

Albany, United States

JM

Joseph Martinez

San Jose, United States

F

flaguy999

Tampa, United States

R

rkilliany

Somerville, United States

M

MichaelSmith

Dallas, United States

dmirpuri

Bangkok, Thailand

Svetlana3k

Harvard, United States

D

dolfan19

Boiling Springs, United States

D

dajja

Stockholm, Sweden

M

MirTemporal

Hyde Park, United States

J

JacobvdW

Netherlands

meryn

The Hague, Netherlands

R

richardbrewster

United Kingdom

lajulajay

United States

M

Mikat

United States

T

timnj

United States

fang

United States

M

Millie_and_Babs

United Kingdom

C

Clementinegirl

United States

E

ErinL

United States

KM

Kirsty M

United Kingdom

KH

Kaylee Howell

United States

Ask Dauglas a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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