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.
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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
Other loans
Lenders
Germany
Fontvielle, Monaco, Yemen
Australia
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