Entrepreneur
Name
Peris
Member since
June 2014
On-time repayments
290 installments • 90%
About Me
My name is Peris Wanjiku Mburu, a last born in a family of 5. I am married to Zack Mengo 2 years ago. I was born in Central region of Kenya where I went to school for my primary and secondary education. I later enrolled for a computer course where I learned standard computer packages.
I was later employed in a music shop in Mombasa town where I was an attendant selling music in form of audio cassettes, cds and dvds. Through savings and hard work, I managed to open my own music shop last year. The business is quite profitable since I use the experience that I gained from my previous job to run it. I am also well connected in the field of music and this makes it rather easy for me to run the business.
My Business
About a year ago, and with credit from Zidisha, I changed my business from music production to farming. This change was informed by the stiff competition in the music industry which made it difficult to make a reasonable income.
This drastic change has paid off and I am now a supplier of pig products in my town. I am currently keeping 48 pigs which I sell to meat processors after every six months. My average net income per month is USD 400 and the business is growing fast and I hope to increase this income in the coming months.
Loan Proposal
As previously mentioned, my ultimate goal is to open a recording studio. It has my dream for a long time and I now want to take the first steps towards this goal. This is a venture that will require a lot of money and I have decided to do it in phases. The first step will be to shift my current business to a bigger space and later turn part of the space into a recording studio.
With this loan, I will be able to pay rent and lease documents for the new space and this will cost about USD 500. I will use a futher USD 300 for partitioning and branding the new place. I will finally use balance to boost my stock of music products.
I have planned for the studio to be fully functional in 8 months time.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,010.00
Date disbursed
Nov 18, 2015
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Ask Peris a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Mary Oct 14, 2019
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