Add snacks and ice cream sales to toy shop

Xavier

Nairobi Buruburu Estate, Kenya

100% repaid

Entrepreneur

Name

Xavier

Member since

May 2014

On-time repayments

192 installments  •  60%

About Me

I am a 37 year old loving husband and father of 5 children.
My professional background is in the aviation industry where I have 14 years working experience. I am currently flying for a local airline as a cabin crew.

I felt a need to start up a business in order to suppliment my salary so as to meet my ever growing family needs.

Over the years of raising my children I have bought many toys for them when celebrating birthdays and other holidays. This is where I discovered a void that I felt I should fill up. Locally I found it difficult to find good quality toys at affordable prices and this is where I got the inspiration to start my Toy shop business.

This would earn me extra revenue at the same time make my children and other kids happy and that is how MaToys Shop was established in November 2013.

I started off by buying my initial stock locally but now most of my stock I import directly from Dubai. This makes my shop stand out from the rest because I can offer more variety to my clients at highly competitive prices.

I also have a Facebook page for the shop called MaToys whereby clients can view the products at the shop.

My efforts were boosted recently when I was featured in a Tv show called Business Central which highlights unique business ideas that the youth have set up.

This helped in advertising and creating awareness of our products which has helped our clientele number to grow thus boosting our sales.

My Business

I am highly appreciative to all the lenders lenders that assisted me on my last loan. Business is growing and as we prepare to get the kids back to school I would like to venture into New ideas that will support my business when kids are in school.

I would like to apply for a new loan which I will use to buy a popcorn machine, baby clothes/shoes and cartoons on DVD's. Many parents have been asking for cartoons and educative dvds.

I have also being making popcorns at home and packaging them and I've seen they are doing well thus the need of a popcorn machine that will improve production.

I have been getting orders for new born items for baby showers , New born gifts etc. Items like clothes, towels, shoes, bags, milk bottles etc will do quite well and so I will use part of the loan to buy this.

I would therefore be very grateful if I could receive a loan of approximately USD 800 to help me acquire this items.

With the introduction of this new variety I am confident of attracting more customers and making more sales thus I'll be able to repay the acquired loan.

I am looking forward once again to your generous support and I thank you in advance. God bless Zidisha and all the generous lenders.

Loan Proposal

I will use this first loan of $50 to buy snacks,sweets and ice-cream to add to the toy shop thus attracting more children to come in to buy. This will in turn expose them to more products inside the shop thus boosting sales of toys.

I want to increase variety of the products that I offer so that I can meet the demand of the customers and your generous contribution will make this possible.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jun 19, 2014

Repayment status

On Time

Projected term

2 months

Lenders

E

elkbrett

Bradenton, United States

stanbogdanov

Sofia, Bulgaria

dlpringle

Denver, United States

Sputnik

Switzerland

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