To produce a CD and music video with my songs
Moses
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Moses
Member since
January 2015
On-time repayments
336 installments • 80%
About Me
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.
My Business
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.
Loan Proposal
Since many people prefer video cds than audio cds. I am planning to produce a audio visua cd which costs Ksh.40,000. The loan will cater for part of my video shooting cost and pay the remaining balance from my savings raised from the sales of my audio cds albums 1 and 2. This will help to increase my sales volume since i will be selling both the audio cds volumes 1and 2 and the new audio visual cd. One audio CD costs Ksh.150 while One audio visual CD costs Ksh.200 as their production costs remains the same. I will supply the CDs to music stores to widen my market coverage,this will also help to create job opportunity for the music store operators. The profits will help me to register my albums with the music copyright which will help me earn royalties on a monthly basis and other benefits which comes upon registration there for a part from my daily sales of CDs earnings i will also have a monthly earning.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$299.00
Date disbursed
Jul 6, 2015
Repayment status
On Time
Projected term
18 months
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