To market my bedding sets

Nelson Nguyai

Nairobi, Kenya

62% repaid

Entrepreneur

Name

Nelson Nguyai

Location

Nairobi, Kenya

On-time repayments

281 weekly installments  •  41%

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 will use this loan to fund my advertising on social media. 60% will go to Facebook Ads, Instagram and twitter Ads.
40% I will use for setting up a word press website with a shopping cart to be able to make online sales and also accept credit cards as I currently don't have a PDQ machine as the banks have minimum revenues before issuing one.
When I am able to accept credit cards my sales will grow as my customers will have more options for making payments and I wont have to bear the risk of sales on credit.
This is my 5th loan so far on Zidisha and I am very happy that zidisha has enabled me grow my business by boosting my cash flow which is critical.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$348.38

Date disbursed

Jan 13, 2016

Repayment status

Late

Projected term

54 months

Cost to entrepreneur

Service fee: $17.42

Nelson opted to pay $88.60 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

M

mblue0953

United States

A

Anninymouse

Southampton, United Kingdom

Dianne

Maryville, United States

H

Heja

Hamburg, Germany

D

Delph007

Den Haag, Netherlands

Mikey

London, United Kingdom

valentin

Stockholm, Sweden

investor

Candiac, Canada

D

dkapplerb

Toronto, Canada

K

Krokslatt

Mölndal, Sweden

AdamP

Sunnyvale, United States

BelleStarr

Albuquerque, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

D

drjofleming

UK, United Kingdom

A

andyfletcher

I want my "My loans" page back, Qatar

DeanDropshot

Oslo, Norway

Charmonica

London, United Kingdom

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

I

Interfree

Dubai, United Arab Emirates

P

pcooney

barrie, Canada

S

sirius

Lauterach, Austria

D

danielske

Cedar Knolls, United States

J

JakeA

Wellington, New Zealand

rodcul

Altea, Spain

P

PeaceandLove

Morro Bay, United States

C

cjmenchaca

Austin, United States

J

Joyful

Philadelphia, United States

Kysera

Crawfordsville, United States

J

JaMinLu

Concord, United States

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

HansLindgren

St. Julians, Malta

S

SelvaMarcus

Green Cove Springs, United States

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

J

Jazzie

Oklahoma City, United States

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

ProfStick

Grassy Head, Australia

S

SeanWolfPack

Raleigh, United States

indeh

London, United Kingdom

H

HildeK

Rogaland, Norway

D

Divergent

Bethesda, United States

T

toscoman

Adliswil, Switzerland

B

bopsquod

Seattle, Wa, United States

kickerofelves

Sao Paulo, Brazil

B

blue0green717

St-Lucien, Canada

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

P

planespotter

Berlin, Germany

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

B

bugsheep

Houston, United States

braccino

Settimo Milanese MI, Italy

vinnio

Burlingame California, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

R

Rking

Eugene, United States

handshake

Los Angeles, United States

D

DThirteen

Miami, United States

Bhayl

Stavanger, Norway

Y

Yevrahs

Dallas, Texas, United States

O

Oscart

Edmonton, Canada

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

J

Jopar

Corroios, Portugal

JC

Jordi Cohen

New York, NY, United States

fairspirit

Utrecht, Netherlands

L

LindsayB

Sydney, Australia

K

KnutG

Bergen, Norway

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

isabelv

Barcelona, Spain, Sweden

iamdaimo

London, United Kingdom

U

Ubun2

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

gseletko

South Perth, Australia

mohita

delhi, India

Lambie

Perth, Australia

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

J

jinx83

Brisbane, Australia

HealthcareProvider

Baltimore, United States

E

E

Marin county, United States

B

bwitt

Berkeley, United States

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

J

janakan

Hong Kong, Hong Kong

pvilliger

Zurich, Switzerland

R

randall

Ogden, United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

G

gbelote

United States

D

drorm

United States

L

lenders

United States

G

geoff

United States

S

spivurno

United States

M

meric

Australia

S

science4sail

United States

bcortazar

Peckville, United States

J

jdallatezza

United States

Pankratio

EastVan, Canada

B

bugdaniel

Switzerland

joshuacollinson

Vienna, Austria

H

heretohelp

Philippines

A

ajayhk

San Jose, United States

J

jbhernan

United States

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

A

AlphaAres

Azerbaijan

G

GDean

United States

W

wesbh89

United States

J

jdelaporte

United States

A

AlexH

United Kingdom

dpollard

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Tsay

Taipei, Taiwan

W

Wade

United States

ME

Manaal Eisa

Washington DC, United States

B

Boris

Bern, Switzerland

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

Loading...

Loading...

Loading...