Restocking my bedroom textiles shop

Nelson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nelson

Member since

October 2014

On-time repayments

284 installments  •  42%

About Me

I am 30 years old married with one child.
I was born in Nairobi.
I have always wanted to be an entrepreneur and have previously sold mobile phones before venturing out into textiles where I saw a big gap unlike the mobile phone business which was saturated and dominated by big players.
I have a bachelor of commerce degree majoring in marketing.
I love travelling and learning new cultures.
I am also an ardent sports fan and regularly attend sporting events all over the country.

I aim to grow my business into a big online retail business and expand my product offerings.

My Business

I sell bedroom textiles. These are duvets, duvet covers, pillows,bed sheets, curtains and rugs.
I am based in hurlingum nairobi.
I market my product through my facebook page "Style My bedroom"
The link to my page: www.facebook.com/stylemybedroom
I have over 54000 fans on my page.
I have been in this business for over 2 years now.
I import the beddings from United Kingdom and sell in Nairobi.
I make home and office deliveries to customers via a courier.
My average revenues per month are $1388.
My typical costs are :
$ 40 on Facebook Advertisement
$600 on purchasing stock
$255 on shipping, logistics and customs
$77 on rent for my small office
My profits are on average 30% of my revenues £416.
I use majority of the profits on home improvements, i also re -invest part of the profits.

Loan Proposal

I would like to increase the amount of stock I hold at any time to avoid stock-outs and also increase product variety for customers.
I would like to use $380 to buy new bedding range specifically targeted at Kids bedroom as I have not exploited this market to its full potential.
This will earn me additional income of approximately $100 that I will re-invest into the business so as to increase my capital.
Zidisha has been of great help to my business for the last few months during which I have managed to increase my product offering ( introduced rugs & carpets).

Feedback

4

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$387.00

Date disbursed

Apr 27, 2015

Repayment status

On Time

Projected term

14 months

Lenders

rebecca

Chapin SC, United States

J

johans

Malmö, Sweden

N

nkalina

Bloomington, United States

JB

James Broderick

Cobham, United Kingdom

C

CWS

Huntington beach, ca, United States

B

bgalon

London, United Kingdom

A

alfredo

Bremen, Germany

H

Hilke

Bremen, Germany

Dymero

Manchester, United States

S

susa

Forchtenberg, Germany

G

Givemoreuseless

Waterloo, Canada

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

J

JonnyPrice

San Francisco, United States

S

Spassmacher

46244 Bottrop, Germany

Umair Mahmood

Raleigh, United States

A

adwatson

Milan, MI, United States

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

A

Anonymous

United States

L

Lunatoon

Grants Pass, United States

A

andyfletcher

I want my "My loans" page back, Qatar

L

lumlum

Renens, Switzerland

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

Tilius

Oslo, Norway

S

stroll

Stockholm, Sweden

Straetman

Kaarst, Germany

G

golivera

Lima, Peru

J

jozua

Delft, Netherlands

W

world

Kansas City, United States

B

bizarresmom

Willowick, United States

johnnorris

Aberystwyth, United Kingdom

L

louisela

Eugene, Oregon, United States

G

gt2016c

Birchgrove, Australia

A

AJCortens

Boise, ID, United States

J

jjcharlie

chicago, United States

ZlataRoy

Cheltenham, United Kingdom

M

markj

Camberwell, Australia

Pere

Barcelona, Spain

Zidisha

Sterling, United States

AmeliaAndMatt

NSW, Australia

T

ToddK

Indianapolis, IN, USA, United States

A

ashtanga99

Newport, United States

Kysera

Crawfordsville, United States

S

SelvaMarcus

Green Cove Springs, United States

T

tmsaddress

Orlando, Florida, United States

Andreas1974

Fristad, Sweden

J

jzidi

Los Angeles, United States

P

pillepalle

Osnabrück, Germany

birtom

Ettlingen, Germany

Jouni

Finland

southcentral

Zürich, Switzerland

W

wildnis

Seattle, United States

MichelD

Bangkok, Thailand

S

Sergio

Boise, United States

RoryWitt

San Diego, United States

K

Kaz12

Winnipeg, Canada

ads68

Melbourne, Australia

K

katykoo

New York, NY, United States

N

Nassara1

Evergem, Belgium

J

janharg

Garland, Tx, United States

T

Travelbear

Asheville, United States

E

eirccharrie

Cupertino, United States

O

Oktober

North Kingstown, United States

dhulsterwim

LIER, Belgium

Echo

Wellington, New Zealand

M

mwkelley2

Columbus, OH, United States

MPatino01

Somerville, United States

yorick

Springfield, United States

Z

zblongladder

Somerville, United States

W

WellingtonPFClass

Columbus, Oh, United States

M

Mooper

Los Angeles, United States

R

rawlo5660

san jose, United States

J.Schindler

Heber, United States

Student

Oulu, Finland

C

cescotet

Needham, United States

D

Diane

Blue Hill, United States

D

DearbornJackson

Rockville, United States

OlyRhys

Olympia, United States

C

Christina345

London, United Kingdom

T

Tui1974

nuenen, Netherlands

D

dannimw

Victoria BC, United Kingdom

chadgibbs

Loveliest Village, United States

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

claire.mcleland

Springfield, United States

Zal0m0n

Atlantis!!!! x), Mauritania

T

Travelover

Northville, United States

Parkmobile

Fort Bragg, United States

S

skohli

san francisco, United States

M

markus61

cologne, Germany

Jamesaubrey

Norman, United States

D

daylin

Chicago, IL, United States

M

mibrahim51

Mountain View, United States

C

Clben7

Cincinnati, United States

J

JudoGlenn

North Olmsted, United States

D

dmartink

Maryland, United States

G

GreenMoney

Lahr, Germany

M

Mystery15

Winnipeg, Canada

Matching Fund

Sterling, United States

J

Jonas

Linköping, Sweden

Paul Buchheit

Mountain View, United States

S

simonista

United States

E

Eleorest

United States

M

merk85

United States

mepster

San Francisco, Ca, United States

W

wesbh89

United States

J

JonAlec

United States

A

AlexH

United Kingdom

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

Andrew267

Birmingham, United Kingdom

KM

Kirsty M

United Kingdom

Michelle

Sydney, Australia

E

Erich

Zurich, Switzerland

Dave Bogard

New York, United States

MF

Martin Fisher

United States

AA

Adam Atlas

Montreal, QC, Canada, Canada

Robert

Sweden

Jerome

Switzerland

A

Alan

United Kingdom

Francoise Kuenzi

Neuchâtel, Switzerland

Kate Courteau

United States

Jack Doolan

Newcastle, United Kingdom

Kevin

San Francisco, United States

KD

Kent Don

United States

TS

Ted Suzman

United States

RW

Roger Wang

United States

A

Antonio

United States

J

Jygge

Halmstad, Sweden

Ask Nelson 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.

  • Reema Mukherjee    Feb 7, 2017

    Hi Nelson - Please mail the team at [email protected] and someone will look into this for you. Email is usually the fastest way to get a response. Thanks!

    Log in to reply • Share
  • Nelson    Feb 7, 2017

    Delay in receiving payments in 2017

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  • Nelson    Aug 22, 2016

    small delay in receiving my payments from clients, will increase installment in 3 weeks

    Log in to reply • Share
  • Nelson    Feb 3, 2016

    Will increase my instalment amount as soon as sells pick up so as to be able to manage cash flow.

    Log in to reply • Share
  • Nelson    Dec 23, 2015

    System not working properly

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  • Oscar    Dec 9, 2015

    Dear Lender I called Nelson Over the Week and He Promised to Update His Zidisha Account Very Soon he had some issues with his Business.
    Thank you

    Log in to reply • Share
  • Nelson    Jun 28, 2015

    Delay on payment from customers. Will increase installment amount in two weeks

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  • Nelson    Jun 19, 2015

    My sales have gradually grown and so have my profits.
    I intend to continue to keep up with my installments and repay the loan.
    The Zidisha Community has been a great blessing to my Business.
    Thank You Zidisha.

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  • Oscar    Jun 19, 2015

    Hi,Team Zidisha Nelson made his Payments on 16th June 2015 till now his Zidisha Account has not been update kindly advise.

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    • Roy    Jun 19, 2015

      Oscar. Please note that this discussion space serves mainly for public communication purposes between lenders and borrowers. Zidisha staff do not always manage to monitor all the comments. If you really believe the staff need to be reminded to process the payment, contact Zidisha via e-mail at [email protected]. Please remember that the staff are also volunteers, so please be patient.

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  • Nelson    May 4, 2015

    Thank you lenders.
    I received my loan and have purchased new stock.
    Currently waiting for the stock to b delivered so I can proceed with the sales.

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  • Nelson    Apr 26, 2015

    Thank you lenders.
    I will be purchasing additional stock immediately. I aim to grow my sales and ultimately increase profits for my business.

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  • Nelson    Apr 13, 2015

    Thank You lenders for your support.
    I added Rugs and carpets to my products. Initially sales were slow but I increased promotion on Facebook which led to increased product awareness which resulted in sales growth.

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  • Nelson    Apr 11, 2015

    I had reduced my installments due to cash flow constraints but now things are back to normal and i would like to settle my remaining balance in full.
    Initially I was to complete my installments the last week of March.
    I had introduced new products which initially did not sell as fast as anticipated but now they are selling well.

    Log in to reply • Share
  • Nelson    Mar 17, 2015

    I have a small delay in payment from a customer which will affect my repayment this week.
    From next week I will go back to my normal installment amount and continue payments as usual.
    Thanks

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  • Oscar    Feb 27, 2015

    Great Work Nelson you real inspire me with your Business and also Mode of Payments,keep up the Good work bro all the Best with your project.

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  • Catherine CatDesignz    Feb 5, 2015

    Hi Nelson, very happy to work with you again. I was trying to reply to your FB message but FB won't let me. Good luck with branching out into rug sales

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  • Nelson    Feb 5, 2015

    Once Again THANK YOU to all my lenders.
    I made excellent sales over the Christmas period. Now looking to do the same over Valentines and Easter.

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  • Catherine CatDesignz    Dec 23, 2014

    Wishing you a very Happy Christmas and a prosperous year in 2015 Nelson

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    • Nelson    Dec 24, 2014

      Merry Christmas to you too. Thank you for the support.

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  • Andrew Page    Dec 5, 2014

    Nelson

    Many thanks for repaying so quickly - I can't recommend you enough

    Andy

    Log in to reply • Share
    • Nelson    Dec 6, 2014

      Thank You Andy for the support amd encouraging remarks.

      Log in to reply • Share
  • Nelson    Dec 4, 2014

    A BIG THANK YOU TO ALL MY LENDERS!
    I was able to add more inventory and will be looking to borrow more for marketing purposes to promote my business over the Christmas Period.

    Log in to reply • Share


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