Entrepreneur
Name
Joseph
Member since
January 2015
On-time repayments
47 installments • 51%
About Me
I am a Kenyan citizen aged 35 years and a father of 2 children. I hold Bachelors of Education (Science) and community studies from Egerton University. I have worked extensively with several communities on different in regards community health outreaches on AIDs , maternal health, peer education etc. Am well versed with community needs. I was brought up in a polygamous family, am the only one with college education in my famil. In the university I hired a pool table to earn some living. This idea came about when I was working within the community. I realized that in several occassion, most people do not easily accessi public address system for functions such as funerals, weddings, public meeting etc. I bought an amplifier, 2 speakers, and one microphone, at different times to set up Cjo Brown sound. One of my daughters want to be an actor, the other one want to be a doctor. I like reading and watching scientific or ancient documentaries.
My Business
I hire out public address address equipment to members of my community at a affordable rate to facility communication during public gatherings. I realised the demand of public address systems in gatherings such as funeral, weddings, public meeting are on high demand and very few small time suppliers.that is why I developed interest to capitalize on this business opportunity.
This helps me to supplement my earnings and paying for school fees for my children, rent and licenses . Cost of transporting the equipment is catered for by the client, I do the marketing myself, look for clients in advance, but some of them are walk in or referrals. I can get on average 6 clients per month at a cost of Ksh 4000 (USD 47) per day hired, this results to approximately Ksh 24000 (USD 282) per month
Loan Proposal
Having 2 speakers limits the number of clients I can attend to, due the intended crowd to address, therefore I would like to purchase new speakers (2 pieces) Panasonic speakers with Bass and mid range at Kshs 4500 ($53) a piece which results to Kshs 9000 ($106). This will enable the client to have clear sound and coverage that is surround not from 1 or 2 directions. This will also, increase the number of events I can cover and also, I could just hire out the speakers without the other equipments. Improved quality of sound will definitely lead to a good number of referalls thus increase my profits. According to my projections, an increase in crowd coverage with quality sound will mean an increase in the profits to Kshs 6000 ($71) per day of hire and approximately Kshs 36000 (USD 424) . This will for sure supplement my monthly pay and pay my children's fees on time and also cater for my household needs including licenses.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 9, 2015
Repayment status
On Time
Projected term
6 months
Other loans
Lenders
Germany
Montreal, Canada
South Africa
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