Music merchandise inventory boost

Entrepreneur

About Me

I grew up in rural Kenya and was able to get my basic education before moving out for post-secondary school studies. Still, due to music being part of the culture I grew up on, plus the fact that there was much talent around and people to support it, I ventured into the creative industry and finally into promoting music and musicians. It was first at first since I began when I was in college and had less knowledge, let alone experience, but due to online research i was able to gather all that i needed and thus got to start off, by organizing campus events and still now my pass time is spent researching industry trends.

My Business

The business revolves around promoting music content and the musicians' profiles and this is done through merchandising, marketing and content sales strategies. Africa is a singing continent and, considering how much its embedded into culture, venturing into this industry is more-than-double rewarding for investor and society. The costs are mainly for operation and those of producing and marketing merchandise while also promoting content. Proceeds are mainly invested since I have few dependents as at now.

Loan Proposal

The loan will be used to further fund our our inventory of music merchandise like tee-shirts and caps. A fully-branded shirt costs $ 4 while caps are at $ 3. This loan will help increase the time we take to process orders for such products to the musicians' fans. The profits will not increase as yet but we expect the number of purchases to increase with more investments since delayed deliveries, caused by poor cash flows, have been discouraging future purchases.

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