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
334 installments • 81%
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.
Feedback
Positive
None
Neutral
None
Negative
None
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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Summary
Amount repaid
$312.43
Amount remaining
$0.00
Date repaid
Jan 21, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 19, 2015 | $5.15 | Jul 18, 2015 | $5.15 |
| Jul 26, 2015 | $5.15 | Jul 27, 2015 | $3.09 |
| Aug 2, 2015 | $2.06 | ||
| Aug 2, 2015 | $5.15 | Aug 2, 2015 | $1.03 |
| Aug 11, 2015 | $4.12 | ||
| Aug 9, 2015 | $1.03 | Aug 11, 2015 | $1.03 |
| Aug 16, 2015 | $0.00 | ||
| Aug 23, 2015 | $3.09 | Aug 24, 2015 | $3.09 |
| Aug 30, 2015 | $3.09 | Aug 30, 2015 | $3.09 |
| Sep 6, 2015 | $3.09 | Sep 7, 2015 | $3.09 |
| Sep 13, 2015 | $3.09 | Sep 15, 2015 | $3.09 |
| Sep 20, 2015 | $3.09 | Sep 15, 2015 | $3.09 |
| Sep 27, 2015 | $3.09 | Sep 28, 2015 | $3.09 |
| Oct 4, 2015 | $3.09 | Oct 6, 2015 | $3.09 |
| Oct 11, 2015 | $3.09 | Oct 26, 2015 | $3.09 |
| Oct 18, 2015 | $3.09 | Oct 30, 2015 | $3.09 |
| Oct 25, 2015 | $3.09 | Nov 1, 2015 | $3.09 |
| Nov 1, 2015 | $1.03 | Nov 1, 2015 | $1.03 |
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $0.00 | ||
| Nov 29, 2015 | $2.06 | Nov 29, 2015 | $2.06 |
| Dec 6, 2015 | $2.06 | Dec 15, 2015 | $2.06 |
| Dec 13, 2015 | $2.06 | Dec 15, 2015 | $2.06 |
| Dec 20, 2015 | $2.06 | Dec 15, 2015 | $2.06 |
| Dec 27, 2015 | $2.06 | Dec 15, 2015 | $2.06 |
| Jan 3, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Jan 10, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Jan 17, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Jan 24, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Jan 31, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Feb 7, 2016 | $2.06 | Dec 15, 2015 | $2.06 |
| Feb 14, 2016 | $20.62 | Jun 13, 2016 | $20.62 |
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $0.00 | ||
| Apr 17, 2016 | $0.00 | ||
| Apr 24, 2016 | $0.00 | ||
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $4.12 | Jun 18, 2016 | $4.12 |
| Jun 26, 2016 | $4.12 | Jun 26, 2016 | $4.12 |
| Jul 3, 2016 | $4.12 | Jul 2, 2016 | $4.12 |
| Jul 10, 2016 | $4.12 | Jul 10, 2016 | $4.12 |
| Jul 17, 2016 | $4.12 | Jul 16, 2016 | $4.12 |
| Jul 24, 2016 | $4.12 | Jul 24, 2016 | $4.12 |
| Jul 31, 2016 | $4.12 | Aug 2, 2016 | $4.12 |
| Aug 7, 2016 | $4.12 | Aug 2, 2016 | $4.12 |
| Aug 14, 2016 | $4.12 | Aug 13, 2016 | $4.12 |
| Aug 21, 2016 | $4.12 | Aug 24, 2016 | $4.12 |
| Aug 28, 2016 | $4.12 | Aug 27, 2016 | $4.12 |
| Sep 4, 2016 | $4.12 | Sep 10, 2016 | $4.12 |
| Sep 11, 2016 | $4.12 | Sep 10, 2016 | $4.12 |
| Sep 18, 2016 | $4.12 | Sep 19, 2016 | $4.12 |
| Sep 25, 2016 | $4.12 | Sep 22, 2016 | $4.12 |
| Oct 2, 2016 | $4.12 | Oct 2, 2016 | $4.12 |
| Oct 9, 2016 | $4.12 | Oct 8, 2016 | $4.12 |
| Oct 16, 2016 | $4.12 | Oct 8, 2016 | $2.06 |
| Oct 16, 2016 | $2.06 | ||
| Oct 23, 2016 | $4.12 | Oct 16, 2016 | $4.12 |
| Oct 30, 2016 | $2.06 | Oct 17, 2016 | $2.06 |
| Nov 6, 2016 | $10.31 | Nov 5, 2016 | $10.31 |
| Nov 13, 2016 | $10.31 | Nov 12, 2016 | $10.31 |
| Nov 20, 2016 | $10.31 | Nov 18, 2016 | $10.31 |
| Nov 27, 2016 | $10.31 | Nov 28, 2016 | $10.31 |
| Dec 4, 2016 | $10.31 | Dec 6, 2016 | $10.31 |
| Dec 11, 2016 | $10.31 | Dec 12, 2016 | $10.31 |
| Dec 18, 2016 | $10.31 | Dec 14, 2016 | $10.31 |
| Dec 25, 2016 | $10.31 | Dec 25, 2016 | $10.31 |
| Jan 1, 2017 | $10.31 | Dec 29, 2016 | $2.06 |
| Jan 2, 2017 | $8.25 | ||
| Jan 8, 2017 | $10.31 | Jan 2, 2017 | $2.06 |
| Jan 8, 2017 | $8.25 | ||
| Jan 15, 2017 | $10.31 | Jan 8, 2017 | $6.19 |
| Jan 15, 2017 | $4.12 | ||
| Jan 22, 2017 | $10.31 | Jan 15, 2017 | $6.19 |
| Jan 21, 2017 | $4.12 | ||
| Jan 29, 2017 | $16.56 | Jan 21, 2017 | $16.56 |
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