Craft Store Seeking Loan in Kavieng, Papua New Guinea
Growing handcrafted gifts and services business in Kavieng seeks funding to meet rising corporate demand.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 19.7 thousand |
| Run Rate Sales | USD 19.7 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Gifting + 1 more |
| Locations | Kavieng |
| Local Time | 10:37 PM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
4.7 thousand
for
7.5%
annual interest,
2
years
(Native Currency: PGK 20,000)
Reason: The loan is required to expand the product range, increase inventory, and support business growth by...
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Collateral Available: USD 0
Includes physical assets worth
USD
1.17 thousand
Interested to connect with advisors
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Business Overview
- Located in Kavieng, this business specializes in locally handmade crafts, showcasing the talents of predominantly local women artisans.
- The business provides services for special events, including decorations and curated gifts tailored to client needs.
- Primary customer base consists of corporate clients seeking decorations for various events, ensuring a steady stream of projects.
- Local small and medium-sized enterprises (SMEs) are also regular customers, purchasing handmade crafts for their own use or gifting purposes.
- The gallery processes approximately 5 to 10 walk-ins per day and about 1 big order from corporate clients a month, highlighting its consistent demand in the community.
- Products offered range from decorative items for events to one-of-a-kind handmade gifts, catering to diverse aesthetic and functional needs.
- The business provides services for special events, including decorations and curated gifts tailored to client needs.
- Primary customer base consists of corporate clients seeking decorations for various events, ensuring a steady stream of projects.
- Local small and medium-sized enterprises (SMEs) are also regular customers, purchasing handmade crafts for their own use or gifting purposes.
- The gallery processes approximately 5 to 10 walk-ins per day and about 1 big order from corporate clients a month, highlighting its consistent demand in the community.
- Products offered range from decorative items for events to one-of-a-kind handmade gifts, catering to diverse aesthetic and functional needs.
Products & Services Overview
The business offers a range of locally handmade crafts, including artificial flower bouquets, personalized gifts, handmade jewelry, bags, and related lifestyle products.
Assets Overview
Tangible assets:- 1 heavy-duty printer.
- 1 mini printer.
- Balloon pump.
- Easel stand.
- Pool noodles.
- Twines.
- Decorative lights.
- Artificial flowers.
- Paper cutters.
- Laptop.
- Varnishes.
- Decorative papers.
- 2 bolts of fabric.
- Balloons.
- Assorted stationery items.
- Jewelry-making accessories and tools.
- Furniture and fixtures.
Facilities Overview
The business operates from a rented facility and the monthly rent is PGK 1,300.
Capitalization Overview
- Sole owner.- No loans or debts.
Tags:
Newly Established Gifting Business Seeking Loan in Kavieng, Papua New Guinea
·Newly Established Craft Store Seeking Loan in Kavieng, Papua New Guinea
·Newly Established Hobby Store Seeking Loan in Kavieng, Papua New Guinea
·Lend to Newly Established Gifting Business in Kavieng, Papua New Guinea
·Newly Established Art Store Seeking Loan in Kavieng, Papua New Guinea
·Lend to Newly Established Craft Store in Kavieng, Papua New Guinea
·Lend to Newly Established Hobby Store in Kavieng, Papua New Guinea
·Lend to Newly Established Art Store in Kavieng, Papua New Guinea
·Newly Established Gifting Business Seeking Loan
·Newly Established Craft Store Seeking Loan
·Newly Established Hobby Store Seeking Loan
·Lend to Newly Established Gifting Business
·Newly Established Art Store Seeking Loan
·Lend to Newly Established Craft Store
·Lend to Newly Established Hobby Store
·Lend to Newly Established Art Store
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