Style my bedroom valentines and easter promotion

Nelson

Nairobi, Kenya

100% repaid

Follow Nelson 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.

Feedback

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$193.00

Date disbursed

Feb 9, 2015

Repayment status

On Time

Projected term

8 weeks

Other loans

Oct 2014:  $50

Dec 2014:  $98

Apr 2015:  $387

Jan 2016:  $348

Lenders

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Raabo

Rungsted, Denmark

investor

Candiac, Canada

J

johan

Oslo, Norway

torelizer

Reggio Emilia, Italy

mbunifu

San Jose, United States

P

Philippe

Adliswil, Switzerland

L

lmuenchen

Munich, Germany

Zidisha

Sterling, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

Jouni

Finland

ads68

Melbourne, Australia

A

Aaron

Zurich, Switzerland

J

jerryq

Redding, United States

T

Tui1974

nuenen, Netherlands

S

solarkismet

Logan, United States

A

amish

San Francisco, United States

N

NordBeraht

Germany

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

KM

Kirsty M

United Kingdom

CC

Catherine CatDesignz

Halifax, United Kingdom

M

Malte

Hanover, Germany

Robert

Sweden

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

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  • 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!

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  • 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

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  • Nelson    Feb 3, 2016

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

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  • 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

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  • 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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  • CC

    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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  • CC

    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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  • AP

    Andrew Page    Dec 5, 2014

    Nelson

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

    Andy

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    • Nelson    Dec 6, 2014

      Thank You Andy for the support amd encouraging remarks.

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  • 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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