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Allyson

Runway Wheels

Richmond, VA

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Personal Story

I have always been a curious and hardworking young lady. My strong work ethic was brought about as a result of entering my adulthood in the midst of a recession. Many Americans were challenged in the year 2009, and that was the year I entered college. As I entered into a new and difficult stage of life, so did my parents as they were both laid off from their jobs. Further compounding matters, they lost our home to foreclosure too. My mother, a hygienist, lost her position when her office downsized, and my father, a contract construction worker, was unable to find clients because of the economic crisis. But I didn't let these hardships become a barrier before my goals. I took charge of my financial wellbeing and supported my parents whenever I had the opportunity. Throughout college, I worked in competitive retail sales and held the record for the youngest salesperson in my field. I was a top earner in sales, and I used my money to pay for necessities, books and tuition in the booming city of Washington, DC. My success with sales gave me confidence to take on ventures I had always been curious about. I even tried to purchase a house at 19 years-old because I felt that it would have been more advantageous for me than renting!

Ever since I went to college, I stayed true to my vow to be self-sufficient. My natural leanings towards self-starting, independence, and curiosity have led me to find the path of entrepreneurship. I love entrepreneurship and want to educate young women everywhere on its ability to empower an individual and their communities.

Business Description

Runway Wheels is innovating the resale clothing industry as a 'Consignment Boutique on Wheels' by offering a more convenient venue for busy college-aged women to purchase affordable fashion from our stylishly designed step-van. By parking outside of dorms in our local area, we will begin a more environmentally sustainable and price conscious style of shopping that is right outside your doorstep!

What is the purpose of this loan?

The loan will be spent on outfitting the inside and outside of our truck so that it will be ready for customers immediately. My father has graciously donated his time to complete a lot of the work but we do hope to call in an electrician for the wiring of the lighting and Solar Panel. The Wood and materials will be used to create shelves racks and drawers inside the truck.

Wood and Materials $600.00
Lighting $250.00
Electrician $200.00
Mechanic Inspection/ State inspection, Additional repair $400.00
Truck Employees pay for one week $750.00 (3 employees, 5 days, $50 a day)
Paint (In, Out) $2,000.00
Pink carpet $200.00
Small Custom-Built Staircase $200.00
Solar panel 200
total = $5000

This money will start our business and launch us in campuses in the surrounding area by this September.

Allyson's loan is endorsed by BizWorks Enterprise Center. The information below explains why her trustee thinks Allyson is a great candidate for a Kiva Zip loan.
How long have you known this person?

1-6 months

Tell us about your relationship with this borrower.

Allyson is a member of our small business incubator. Our members are required to check in monthly. We assist them with business plans, sharing business resources and goal setting in addition to providing monthly small business seminars and one-on-one consultations.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

Allyson is driven and passionate. It is apparent within minutes of meeting her that she will not stop until she has completed her mission and her pleasant personality makes one want to help her do just that.

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

Runway Wheels is a mobile consignment shop housed in a shelled out "food truck" that targets college campuses. The idea is novel and timely. They are at the beginning of a trend rather than entering a saturated market.

As a startup it will benefit them to have the funds to purchase the truck and thereby really get their business "moving" in the right direction. At present rather than selling from a truck they are doing trunk shows and other events. This effort is to help raise the funds necessary to purchase a truck.

Allyson is tenacious and a good connector who has already begun to develop the necessary network of volunteers, stylists, technologically savvy, college campus connectors and mentors. She has taken her model to various events and received very positive feedback forming a community of those who desire to utilize her services.

Allyson has a very wise plan to start small and grow from there. I, honestly, do not foresee any complications with her repaying the loan. Her model thus far has proved profitable and her projected cash flow statements appear very realistic.

115 Total , 4 invited by Allyson
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PAYING BACK

A loan of $5,000 helps me to buy our first truck

Disbursed Aug 1, 2013
Repayment Term:
12 monthly payments
Grace Period:
6 months
Listed:
Jul 16, 2013
Disbursed:
Aug 1, 2013
Paying Back:
Aug 2, 2013

About Runway Wheels

Industry:
Clothing / Jewelry / Accessories
Years in Operation:
New Business
Website:
runwaywheels.com
Follow:
Facebook Twitter
Badges:
Badge_connectedness_gold_small

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

This loan is endorsed by

Trustee Type:
Business Incubator
Location:
Richmond, VA
Badges:
None
On Zip Since:
Jul 16, 2013
(9 months)
Loans Endorsed:
2
Total Value:
$10,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
0
Defaulted:
0
Repayment Rate:
100%
Why are you endorsing Allyson?

Allyson is driven and passionate. It is apparent within minutes of meeting her that she will not stop until she has completed her mission and her pleasant personality makes one want to help her do just that.

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.
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