Stock my music shop with variety of cds

Entrepreneur

About Me

I am a Kenyan aged 33 years residing in Mombasa. I was born Eldoret and later came to Mombasa after my Secondary school. I was employed for the first few years upon my arrival to Mombasa and later decided to venture into my own business. I come from a family of 10 – 1 brother and 8 sisters some who are now employed while others are still in school.
My parents are small scale farmers in Eldoret and they rely of support of their children to supplement their meager income.

My Business

I run a music shop in Mombasa where I retail popular music in form of Audio CDs, Video CDs (VCDs) and DVDs. I do my business in an area called Mwembe Tayari in the central business district of the city. I also do small scale duplication of CDs for local musicians and simple computer graphics. I have done this business for the last three years and it is very promising because of the demand for entertainment through music in this area. My monthly net income from this business is $200. The business has potential even to double this amount if I can invest in more machines and more stock so that my clients can have a wider variety.

Loan Proposal

I intend to use this loan to stock my music shop with a wide variety of music - both local and international. Mombasa is a holiday town and demand for music is quite high due to large number of tourists who visit this town. Local music is also much appreciated here and I am sure that by increasing my stock, this will take my business to a higher level.

I have been in this business for a number of years and I am sure that repaying the loan will be stress-free since I make sales on daily basis. This amount $150 will go a long way in boosting my daily sales and I hope you will consider funding it. The entire amount will go towards the said purpose.

Thank you.

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