Purchasing inventory for craft shop

Willy

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Willy

Member since

January 2015

On-time repayments

175 installments  •  30%

About Me

My Name is Willy Bett, I live in Uthiru, Kabete that is the outskirts of Nairobi City. I am over 30 years old. Due to financial constraints in my family I managed to study until high school and after that I could not proceed with my studies due to lack of fees and I was forced to look for employment. I have been working with a curio shop since the age of 20 until now as a salesman. This job has been the breadwinner for my family and my sustenance and also I have been saving some little for personal business. Currently I'm planning to provide door to door services to my clients in order to stay competitive in the business and meet the clients demands.

My Business

Having worked in a curio shop for 9 years has moulded me enough to think of creating my own business idea. After interaction with some of the curio clients, I decided to venture into online curio business in order to satisfy the untapped market. When the tourist season is low, sales margins are also low hence the need to diversify and provide clients with curios at their convenient locations such as offices and their homes. I have been doing this for the last 3 years but faced some challenges especially in terms of logistics as I had to hire drivers for my delivery services. This had a negative impact on the profits since the cost of hiring a motorcycle rider is high in Kenya.

Loan Proposal

When granted the money i would subdivide in three parts where i will use $34 dollars in buying sculptures of wildlife animals such as giraffes, lions and elephants. With $33 dollars i will use it to buy some clothing's associated with the Masai culture. and the other $34 dollars would be for servicing the shop and making some decorations to it, in order to be attractive to the tourist. With the money i am sure i am going to earn good profit from it and i will use it for my college studies. The profit also will help me sustenance myself and my family.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 5, 2015

Repayment status

On Time

Projected term

5 months

Lenders

C

CWS

Huntington beach, ca, United States

mbunifu

San Jose, United States

Zidisha

Sterling, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

N

nanax005

SALEM, United States

ads68

Melbourne, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Freewolf

Salt Lake City, United States

adrianz

United States

Robert

Sweden

Ask Willy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Willy    Dec 8, 2023

    The funds have delayed hence making my repayment process difficult

    Log in to reply • Share
  • Willy    Jun 28, 2023

    The funding has been temporarily stopped but will resume in the next month

    Log in to reply • Share
  • Willy    Jun 10, 2023

    Insufficient funds due to hard economic times in the country

    Log in to reply • Share
  • Willy    May 23, 2023

    funds have delayed for now but I will make the payments as soon as possible.

    Log in to reply • Share
  • Willy    May 4, 2023

    The funds are supposed to cater for our games kits(jerseys and shorts) for now we don't have boots but will work on the available resources and try to build on it. The outlay will be as follows.
    Shorts and t-shirt = kes 700 for one player
    The team has a total of 20 members but we will consider only the first team of 11 individuals so the total cost will be kes 700*11= 7,700
    Once again many thanks

    Log in to reply • Share
  • Willy    May 4, 2023

    The recent football tournament with my young team.

    Log in to reply • Share
  • Willy    May 4, 2023

    Once again many thanks to the lenders for standing with me during my last venture. Your support has been massive and it has really helped me grow alot. Looking forward to working successfully in the next project.

    Log in to reply • Share
  • Willy    Apr 16, 2023

    My business closed down few months ago and I have been having problems with cash flows. I am planning on clearing the loan within one month

    Log in to reply • Share
  • Willy    Dec 6, 2022

    There has been delay from the payment system on the customer's side, once resolved I will be able to clear the loan. Thank you lenders for your understanding and apologies for the inconvenience caused by my delays

    Log in to reply • Share
  • Willy    Nov 24, 2022

    Dear lenders, cash flow has not been good on my side, kindly bear with me and apologies for the inconvenience due to my delays in payment.

    Log in to reply • Share
  • Willy    Nov 3, 2022

    Problems with cash flows during the dry period/ season

    Log in to reply • Share
  • Willy    Oct 27, 2022

    The drought situation has interfered with the availability of water for irrigation resulting in less returns

    Log in to reply • Share
  • Willy    Oct 8, 2022

    Thank you lenders for the positive feedback, I appreciate your enormous support for it will help me greatly in getting this kit. The rains have been unpredictable this year and I was worried that my crops will not make it to the market. The outlay is as follows:
    Solar irrigation kit Kes 5000
    Hose pipe Kes 800
    Additional sprinkler Kes 200
    Total cost = Kes 6000
    I will top up the amount given inorder to acquire this equipment.
    Once again thank you so much

    Log in to reply • Share
  • Willy    Sep 10, 2018

    Dear lenders i need to apply for another loan

    Log in to reply • Share
  • Willy    Nov 1, 2016

    Dear lenders,i have been having financial difficulties but the situation is now under control,will make the late repayments soon

    Log in to reply • Share
  • Willy    Aug 27, 2016

    due to unforeseen circumstances I am currently unable to meet the current installment amount hence would like to adjust it.Thanks lenders for your patience and understanding

    Log in to reply • Share
  • Willy    Jun 22, 2016

    I'm currently experiencing financial challenges

    Log in to reply • Share
  • Willy    Jun 8, 2016

    Thanks lenders for funding my project

    Log in to reply • Share
  • Willy    May 25, 2016

    Once again i am grateful for all the lenders who have added in their support towards my project, I believe it will funded before the time elapses.

    Log in to reply • Share
  • Willy    May 19, 2016

    Thank you all the lenders who have supported me so far!

    Log in to reply • Share


Loading...

Loading...

Loading...