Procurement of new movies and blank dvds

Derick

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Derick

Member since

August 2017

On-time repayments

94 installments  •  49%

About Me

Am Derick kavai mwashi. Am 23 years old I was born in sabatia western province but currently I live in Nairobi this where I own a small movie shop along side going to school. I come from a family of 4, i am the third born. After completing high school I joined Tuk University in Nairobi where I study hotel management, it's taken me a while to complete this course because of limitations of finances. Since I have other siblings who are also in university and we all depend on our parents. 
I decided to started this business to lessen the burden my parents had. That way am able to take care some of my bills like my hostel fees feedings and a few other things.

My Business

I own a movie shop and I have done this business for the past three years. I started this business in order to give a helping hand to my parents who at times struggle to meet our financial needs. 
I usually attend to my business after classes and weekends and most of my clients are my school mates so most of the time I do make deliveries to them while at school. 
The challenge that I face mostly is the capital to buy blank DVDs. Since my whole business depends on the availability of the blank DVDs. 
At times a lose clients due to lack of DVDs and this is a challenge I would like to overcome and be able to have DVDs that can cover me for a long time. 
In a month I make an average of kes 25000. I use this amount to pay for the rent of my business premises and the electricity bill. Then the remaining amount I use it to pay some of my bills and also make sure I do a little savings even if it's 200 this comes along way sometime.

Loan Proposal

My business solely runs on new movies, if am able to get fresh content am always assured of retaining my clients or even getting referrals from my old clients. I will use this loan to acquire news series and movie, I will also buy 5 packs of blank DVDs to help me run my business without any hiccups.
I would wish to kindly appeal to you to fund my loan.
May God bless and thank you for your help so far.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$36.00

Date disbursed

Oct 6, 2017

Repayment status

On Time

Projected term

4 months

Lenders

ads68

Melbourne, Australia

PG

Paul Graham

United States

BS

Brandon S

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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