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

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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

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Summary

Amount repaid

$105.97

Amount remaining

$0.00

Date repaid

Aug 3, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 15, 2015 $1.11 Feb 15, 2015 $1.11
Feb 22, 2015 $2.22 Feb 23, 2015 $2.22
Mar 1, 2015 $2.22 Feb 25, 2015 $2.22
Mar 8, 2015 $2.22 Feb 25, 2015 $0.56
Mar 23, 2015 $1.67
Mar 15, 2015 $2.22 Mar 23, 2015 $2.22
Mar 22, 2015 $2.22 Mar 23, 2015 $2.22
Mar 29, 2015 $2.22 Apr 15, 2015 $2.22
Apr 5, 2015 $2.22 Apr 15, 2015 $2.22
Apr 12, 2015 $2.22 Apr 15, 2015 $2.22
Apr 19, 2015 $2.22 Apr 21, 2015 $2.22
Apr 26, 2015 $2.22 Apr 21, 2015 $2.22
May 3, 2015 $2.22 May 17, 2015 $2.22
May 10, 2015 $2.22 May 17, 2015 $2.22
May 17, 2015 $0.00
May 24, 2015 $0.00
May 31, 2015 $0.00
Jun 7, 2015 $11.11 Jun 2, 2015 $8.89
Jun 15, 2015 $2.22
Jun 14, 2015 $11.11 Jun 15, 2015 $11.11
Jun 21, 2015 $5.56 Jun 22, 2015 $5.56
Jun 28, 2015 $5.56 Jun 25, 2015 $5.56
Jul 5, 2015 $5.56 Jul 1, 2015 $5.56
Jul 12, 2015 $5.56 Jul 9, 2015 $5.56
Jul 19, 2015 $5.56 Jul 20, 2015 $5.56
Jul 26, 2015 $0.56 Jul 20, 2015 $0.56
Aug 2, 2015 $27.63 Aug 3, 2015 $27.63

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