Entrepreneur
Name
Timothy
Member since
August 2014
On-time repayments
387 installments • 67%
About Me
My name is Timothy Kimani, a Kenyan born in Muranga county of central Kenya. I was born in a family of 8 where I am the 6th born. My parents are peasant farmers who struggled to raise us up and put us through school. I later moved to Mombasa to look for a job.
I married ten years ago but unfortunately my wife passed on during the delivery of our second born. Luckily the baby survived and he is now turning 5 years in December this year. I take care of the two kids on my own and sometimes get help from my sisters when they get time to do so.
I work very hard in my business while at the same time looking after the little ones.
My Business
I am a music producer and my niche is local gospel artistes. My mainstay job is to sell and market the music of these artistes. I also do consultancy jobs in the same field due to my long experience and knowledge in this area. I also do artwork for the CD covers and promotional posters and banners.
I normally link up with music recorders who refer the musicians to my shop where I do mass duplications of their CDs. VCDs and DVDs. I am currently serving about 40 artistes. This is an all season business and there is a constant flow of income daily. I make an average income of about $250 after paying all the business related bills.
My main challenge in this business is lack of credit since the local institutions only deals with big business as they consider small outfits such as mine a risk.
Loan Proposal
My work involves using computers for doing various tasks. I currently have two computers but unfortunately they are quite old and cannot run the latest operating system and other software that I need for my business. I am still stuck with old programs which is quite limited and I am getting disadvantaged by this.
With this money, I will buy a new terminal capable of running the latest software and this will enable me compete effectively with the other big players in this field. This will cost about USD 400 and therefore, this loan will cover the entire cost.
Thank you so much for your continued support.
My Videos
Apr 27, 2021: Work or my hands
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Loan Info
Project Type
Classic Loan
Disbursed amount
$461.00
Date disbursed
Oct 23, 2016
Repayment status
On Time
Projected term
21 months
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