Loan to buy a computer for my design work
Timothy
Mombasa, Kenya
100% repaid
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
If I am given this loan, I will spend it on buying a new computer to use in my design work. I am using a 7 year computer (my technician calls it a dinosaur!). Though the machine has served me well over the years, I need to replace it so that I can start using the current software so as to keep up with the competition.
This computer will cost $350 (I am not buying the screen, since the one for the old machine will suffice). By acquiring this machine, I will complete the overhaul of my old machines which I had started with the CD/DVD copier. This means better productivity and hence more profitability.
Dear lenders, I ask you to be part of my success story by lending me once more.
My Videos
Apr 27, 2021: Work or my hands
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$293.00
Date disbursed
Dec 28, 2014
Repayment status
On Time
Projected term
7 months
Lenders
Sarasota// Phnom Penh, United States
Republic of Korea
Australia
Malaysia
Summary
Amount repaid
$309.42
Amount remaining
$0.00
Date repaid
Jun 19, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 4, 2015 | $10.30 | Jan 4, 2015 | $10.30 |
| Jan 11, 2015 | $10.30 | Jan 4, 2015 | $0.37 |
| Jan 12, 2015 | $9.93 | ||
| Jan 18, 2015 | $10.30 | Jan 12, 2015 | $0.18 |
| Jan 19, 2015 | $10.12 | ||
| Jan 25, 2015 | $10.30 | Jan 19, 2015 | $0.55 |
| Jan 25, 2015 | $9.75 | ||
| Feb 1, 2015 | $10.30 | Jan 25, 2015 | $0.36 |
| Feb 1, 2015 | $9.94 | ||
| Feb 8, 2015 | $10.30 | Feb 1, 2015 | $0.17 |
| Feb 10, 2015 | $10.13 | ||
| Feb 15, 2015 | $10.30 | Feb 10, 2015 | $0.54 |
| Feb 21, 2015 | $9.76 | ||
| Feb 22, 2015 | $10.30 | Feb 21, 2015 | $1.47 |
| Mar 3, 2015 | $8.83 | ||
| Mar 1, 2015 | $10.30 | Mar 3, 2015 | $3.53 |
| Mar 10, 2015 | $6.78 | ||
| Mar 8, 2015 | $10.30 | Mar 10, 2015 | $6.71 |
| Mar 17, 2015 | $3.60 | ||
| Mar 15, 2015 | $10.30 | Mar 17, 2015 | $9.89 |
| Mar 24, 2015 | $0.42 | ||
| Mar 22, 2015 | $10.30 | Mar 24, 2015 | $10.30 |
| Mar 29, 2015 | $10.30 | Mar 24, 2015 | $3.89 |
| Mar 30, 2015 | $6.42 | ||
| Apr 5, 2015 | $10.30 | Mar 30, 2015 | $0.33 |
| Apr 15, 2015 | $9.98 | ||
| Apr 12, 2015 | $10.30 | Apr 15, 2015 | $1.26 |
| Apr 27, 2015 | $7.87 | ||
| May 3, 2015 | $1.18 | ||
| Apr 19, 2015 | $10.30 | May 3, 2015 | $10.30 |
| Apr 26, 2015 | $10.30 | May 3, 2015 | $2.00 |
| May 6, 2015 | $3.37 | ||
| May 12, 2015 | $4.93 | ||
| May 3, 2015 | $10.30 | May 12, 2015 | $9.67 |
| May 19, 2015 | $0.63 | ||
| May 10, 2015 | $10.30 | May 19, 2015 | $10.30 |
| May 17, 2015 | $10.30 | May 19, 2015 | $2.55 |
| May 26, 2015 | $7.75 | ||
| May 24, 2015 | $10.30 | May 26, 2015 | $1.24 |
| Jun 2, 2015 | $8.99 | ||
| Jun 9, 2015 | $0.08 | ||
| May 31, 2015 | $10.30 | Jun 9, 2015 | $10.30 |
| Jun 7, 2015 | $10.30 | Jun 9, 2015 | $3.10 |
| Jun 17, 2015 | $7.20 | ||
| Jun 14, 2015 | $10.30 | Jun 17, 2015 | $6.28 |
| Jun 19, 2015 | $4.02 | ||
| Jun 21, 2015 | $10.30 | Jun 19, 2015 | $10.30 |
| Jun 28, 2015 | $10.30 | Jun 19, 2015 | $10.30 |
| Jul 5, 2015 | $10.30 | Jun 19, 2015 | $10.30 |
| Jul 12, 2015 | $10.30 | Jun 19, 2015 | $10.30 |
| Jul 19, 2015 | $10.30 | Jun 19, 2015 | $10.30 |
| Jul 26, 2015 | $10.62 | Jun 19, 2015 | $10.62 |
Ask Timothy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.