Equipment to improve my videography service
David
Mombasa, Kenya
36% repaid
Entrepreneur
Name
David
Member since
May 2014
On-time repayments
235 installments • 25%
About Me
My name is David Waigwa. I was born in Central Kenya where I was brought up. I then relocated to coastal town of Mombasa 15 years ago in search of greener pastures.
I started business as a photographer and through savings, I enrolled for a short computer course to learn computer literacy. I later enrolled for a video editing course where I learned video editing skills using computers.
Through more savings, I managed to buy one computer and a camera which I use to do my videos,work. I combine both still and video coverage that is what gives me and my family our daily bread.
I am married with two children aged - both girls aged 13 and 5 years old.
My Business
My business deals with photography, both still and videos. I also undertake video editing work for other cameramen who do not have equipment or skills to do the job. I have done this work for the last 10 years and I am well known within my area of operation.
I cover functions such as weddings, documentaries and music. I make an average net profit of $350 per month.
I face a number of challenges in my business but the main one is lack of capital to expand the business. The equipment for this job are costly and getting credit locally is a bit hard.
If I get a loan of $150 from Zidisha, I will be able to add this amount to my savings and buy a fast and reliable computer since the one I have is old and cannot support the latest Operating system and video editing programs which are essential in my work.
Loan Proposal
I am now about to implement my second business upgrade after buying a computer with the first loan. I normally hire video accessories when going to do photo or video shoot. Some of the accessories I hire include, video lights, reflectors and tripod stands.
This pushes my production costs very high and it eats up my profit margin. For my work to remain competitive, I need to have my own accessories so as to save on the money that I use to hire out those items. It also means faster service since I am made to wait for those accessories to be available when I need them.
With this loan, I plan to spend the money as follows:
1 . 2 video flash lights at a total cost of $200
2. A tripod stand at a cost of $130
3. 2 reflectors at a total cost of $70
This will go a long way in fulfilling my long held dream of being self sufficient in my work. This will increase the speed at which I do my work and I will be able to serve more clients hence increased profitability.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$419.00
Date disbursed
Feb 28, 2015
Repayment status
Late
Projected term
70 months
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guenter Apr 13, 2018
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