Style my bedroom valentines and easter promotion

Nelson

Nairobi, Kenya

100% repaid

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How it Works

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 my product offering by adding some bed side rugs to my collection.
I have already identified a good supplier locally who imports in bulk from Egypt and would want to work with me as I already have an existing market and retail presence.

The money will be spent on photography of the carpets ($100) so that we can post the photos on social media and also to pay for Advertising on Facebook ($90) so that we can promote them and create awareness of our new product offering.