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Town Toy's Inc.
Feelings
Good Moments
In the period of Kiva borrowers, we had many times where we were either excited, nervous, happy, lucrative, scared, frustrated, or anxious. This helped us empathized what Kiva borrowers felt.
Here are some times where we felt these emotions:
1. When we were waiting for the money, we felt anxious and excited
2. When we were deciding on a product, we were frustrated with each other because one would disagree
3. When we were lending, we were scared and happy to have our first loan to Fluff Ice
Feelings
In our time as Kiva borrowers, we had a lot of good times. This also helped us empathized how they had good moments too. Here are some examples:
1. Selling out on Silly putty in three days
2. getting new products, new silly putty
3. Loaning to people and groups
4. Selling every Tuesday and Thursday
5. Picking the raffle ticket
Happy!
How we started
1. We asked for a loan
2. Made our business plan
3. Ordered our product
4. We Sold!
Our average loan was $1.80
Average loan on Kiva is $25
This is making our $55 loan in comparison to a
average loan on Kiva, which is $675. If our loan was on Kiva, it would be $675.
Plan
Unsuccessful
Things that were not successfully modeled were:
1- we received a grand total of $92, even though our loan was essentially $55.
2- we sometimes had to push back are paybacks, since we had spring break and other vacations.
3- Our field partner didn't visit us and advise us.
Who we lent to
Payback
In our time as Kiva borrowers, we have lent to five people and we hope to lend more. Some of them were groups and some were single. We have a 4 to one ratio. (Women to Men)
Their Businesses are:
1. Improving her house
2. Selling frozen cotton candy
3. giving vitamins to her pigs
4. getting a oven for baking delicious pastries
5. getting tools to make yogurt and cheese
Fluff Ice
(Frozen Cotton Candy)
Current Status
Currently, we have $0 because we have lent it all. But, we invested in water bottles.
1. We are trying to spend more money to get more equity.
2. Looking to sell are last ear buds
3. looking to lend more
Water Bottle
Success
We have modeled micro financing extraordinarily by doing these three steps, similar to the borrowers on Kiva.org.
1- We wrote a business plan on how we were going to make a business. We had Leo Hainline as our field partner.
2- We put out a loan of $55 in order to start our business. In a couple weeks, we were funded.
3- We bought product and we sold to our fellow classmates, which we wrote in our business plan.