322 weekly installments • 83%
I am 32 years old born in Migori County Western Kenya,I went to school in my neighborhood and lat
er on moved to Kisumu City where I took an advanced Diploma course in Community Development and Social Work.I have been intrested in music since my childhood,I was in Sunday school choir before joining the youth choir in our Seventh Day Adventist Church.I was joined by my other siblings who also had intrest in singing Kiswahili and Dholuo Gospel songs,I have faced challenges in raising funds for producing my songs.My family have given me support in most cases but music production have become expensive.
I am in the music business where I am producing my own album, sing for different occasions on invitation, do vocals for artists. I earn regular income from weekly from different engagements. I have released an album which I would like to get more funds to help produce audio visual copies to sell to my fans. It cost around $ 2 to produce one original audio CD.
With the new loan,I have planned to buy materials i.e iron sheets, timber and nails for roofing. The total cost for roofing is ksh.250,000. Zidisha loan will help me buy materials at khs.177,000 and the remaining balance ksh.73,000 for labor from my savings.
Since the beginning of the pandemic,I have identified other potential business opportunities which helped me so much to support other business. I have invested in small scale gold business in my rural home where the pandemic is low as compared to the towns and cities. I have a crusher machine which crushes gold stones into powder for the artisan miners in the rural. This machine makes an average of ksh 3,000 per day.
Jan 27, 2021
Cost to entrepreneur
Service fee: $35.00
Credit risk payment: $140.00