Open a new branch for my music business

Peris

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Peris

Member since

June 2014

On-time repayments

290 installments  •  90%

About Me

My name is Peris Wanjiku Mburu, a last born in a family of 5. I am married to Zack Mengo 2 years ago. I was born in Central region of Kenya where I went to school for my primary and secondary education. I later enrolled for a computer course where I learned standard computer packages.
I was later employed in a music shop in Mombasa town where I was an attendant selling music in form of audio cassettes, cds and dvds. Through savings and hard work, I managed to open my own music shop last year. The business is quite profitable since I use the experience that I gained from my previous job to run it. I am also well connected in the field of music and this makes it rather easy for me to run the business.

My Business

About a year ago, and with credit from Zidisha, I changed my business from music production to farming. This change was informed by the stiff competition in the music industry which made it difficult to make a reasonable income.

This drastic change has paid off and I am now a supplier of pig products in my town. I am currently keeping 48 pigs which I sell to meat processors after every six months. My average net income per month is USD 400 and the business is growing fast and I hope to increase this income in the coming months.

Loan Proposal

The last two loans have made my business grow a big deal. I now feel confident to open another branch at my church compound. I have already spoken to my pastor about this and he has given me a go ahead. I will only be opening this branch on Saturdays and Sundays when the church is full.

I have done research and there is a need for an outlet within the church since I will be able to reach people who are too busy to go buy the music from the stores. I intend to fill this void and I am certain it is going to be a success.


I will spend the money as follows:
1. Rent for the premises for two months $100
2. DVD/CD player at a cost of $70
3. Fittings and branding $200
4.I will use the balance to buy a small stock of music CDs and DVDs to start me off.

Kindly fund my third loan.

Feedback

14

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$449.00

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

11 months

Lenders

W

WilsonLending

Atlanta, United States

R

Raabo

Rungsted, Denmark

Kitty

Hailsham, United Kingdom

eagle3

Grand Ledge, United States

José Antonio

Carapicuíba, Brazil

lorrymac

Killough, United Kingdom

Zidisha

Sterling, United States

M

mogensh

København V, Denmark

tmisch

San Jose, California, United States

E

explosionsky

Brooklyn, United States

DLarson

Morris, United States

D

davide

Vallentuna, Sweden

Jouni

Finland

madnomad

San Francisco, CA, United States

Namaste250

Pittsford, United States

R

RealUtopia

San Diego, United States

V

Valis

Singapore, Singapore

Bobrm2k3

Charleston, United States

Cricketca

San Jose, United States

Stefano Bertolo

Luxembourg, Luxembourg

F

Forfex

Zurich, Switzerland

E

elkocsis

Kirkland, United States

I

Iamzwolf

Middletown, United States

I

ImSirFing

United States

Z

zvrk2014

Brookline, MA, United States

Jonas

Brussels, Belgium

trincowski

Vilar, Vila do Conde, Portugal

mepster

San Francisco, Ca, United States

T

tehmle

United States

Mikers

Netherlands

N

Nicolaas

Doha, Qatar

S

Schwartz

United States

A

adamdreaming

United States

AP

Andrew Page

United Kingdom

KM

Kirsty M

United Kingdom

J

Joe

United States

Frank Termathe

Frankfurt Main, Germany

S

Sebastian

Dortmund, Germany

Jon

Sweden

LE

Landon Elscott

Central Iowa, United States

SF

Susan Foley

United States

Ask Peris 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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Summary

Amount repaid

$495.09

Amount remaining

$0.00

Date repaid

Jul 22, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 8, 2015 $10.30 Feb 2, 2015 $10.30
Feb 15, 2015 $10.30 Feb 2, 2015 $0.93
Feb 7, 2015 $9.37
Feb 22, 2015 $10.30 Feb 7, 2015 $1.87
Feb 15, 2015 $8.44
Mar 1, 2015 $10.30 Feb 15, 2015 $2.80
Feb 21, 2015 $7.51
Mar 8, 2015 $10.30 Feb 21, 2015 $3.73
Feb 25, 2015 $6.57
Mar 15, 2015 $10.30 Feb 25, 2015 $4.66
Mar 10, 2015 $5.64
Mar 22, 2015 $10.30 Mar 10, 2015 $5.60
Mar 14, 2015 $4.71
Mar 29, 2015 $10.30 Mar 14, 2015 $6.53
Mar 16, 2015 $3.78
Apr 5, 2015 $10.30 Mar 16, 2015 $7.46
Mar 26, 2015 $2.84
Apr 12, 2015 $10.30 Mar 26, 2015 $8.39
Mar 31, 2015 $1.91
Apr 19, 2015 $10.30 Mar 31, 2015 $9.33
Apr 6, 2015 $0.98
Apr 26, 2015 $10.30 Apr 6, 2015 $10.30
May 3, 2015 $10.30 Apr 6, 2015 $10.30
May 10, 2015 $10.30 Apr 6, 2015 $10.30
May 17, 2015 $10.30 Apr 6, 2015 $10.30
May 24, 2015 $10.30 Apr 6, 2015 $10.30
May 31, 2015 $10.30 Apr 6, 2015 $3.69
Apr 20, 2015 $6.62
Jun 7, 2015 $10.30 Apr 20, 2015 $4.62
May 1, 2015 $5.69
Jun 14, 2015 $10.30 May 1, 2015 $10.30
Jun 21, 2015 $10.30 May 1, 2015 $10.30
Jun 28, 2015 $10.30 May 1, 2015 $5.17
Jun 20, 2015 $5.13
Jul 5, 2015 $10.30 Jun 20, 2015 $10.30
Jul 12, 2015 $10.30 Jun 20, 2015 $10.30
Jul 19, 2015 $10.30 Jun 20, 2015 $10.30
Jul 26, 2015 $10.30 Jun 20, 2015 $10.30
Aug 2, 2015 $10.30 Jun 20, 2015 $10.30
Aug 9, 2015 $10.30 Jun 20, 2015 $10.30
Aug 16, 2015 $10.30 Jun 20, 2015 $10.30
Aug 23, 2015 $10.30 Jun 20, 2015 $1.39
Jul 22, 2015 $8.91
Aug 30, 2015 $10.30 Jul 22, 2015 $10.30
Sep 6, 2015 $10.30 Jul 22, 2015 $10.30
Sep 13, 2015 $10.30 Jul 22, 2015 $10.30
Sep 20, 2015 $10.30 Jul 22, 2015 $10.30
Sep 27, 2015 $10.30 Jul 22, 2015 $10.30
Oct 4, 2015 $10.30 Jul 22, 2015 $10.30
Oct 11, 2015 $10.30 Jul 22, 2015 $10.30
Oct 18, 2015 $10.30 Jul 22, 2015 $10.30
Oct 25, 2015 $10.30 Jul 22, 2015 $10.30
Nov 1, 2015 $10.30 Jul 22, 2015 $10.30
Nov 8, 2015 $10.30 Jul 22, 2015 $10.30
Nov 15, 2015 $10.30 Jul 22, 2015 $10.30
Nov 22, 2015 $10.30 Jul 22, 2015 $10.30
Nov 29, 2015 $10.30 Jul 22, 2015 $10.30
Dec 6, 2015 $10.30 Jul 22, 2015 $10.30
Dec 13, 2015 $10.30 Jul 22, 2015 $10.30
Dec 20, 2015 $10.30 Jul 22, 2015 $10.30
Dec 27, 2015 $10.30 Jul 22, 2015 $10.30
Jan 3, 2016 $10.83 Jul 22, 2015 $10.83

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