My name is Kai Lyle–Obiozor, I grew up in a close knit family in Illinois the middle child of four. I was first member of my immediate family to complete college obtaining a BA in Political Science and graduate education at the University of Illinois-Urbana. I am also the mother of twins, one boy and one girl, and the grandmother of a two year-old boy. My professional work experience is varied and includes working five years as a cross cultural trainer in Milan, Italy, a Neighborhood Development Specialist in city government, to a college administrator heading an Office of Sponsored Programs’ Department of Grants and Contracts.
For many years I have wanted to be an entrepreneur (the captain of my own ship), but I lacked the necessary tools to take my dream further than just a great idea. I didn’t know what I didn’t know. Over the last couple of years I have gained many of those much needed tools to launch and grow a successful business from the guidance and trainings at local organizations.
I am a graduate of the Renaissance Entrepreneurship Center’s Business Planning Program, a second year participant in Urban Solutions Enterprising Women. I attended Urban Solutions 8-month Tech Divide Training for Small Businesses, in addition to ongoing workshops at SCORE, and with Centro. I also completed a one year internship with Design Plus Gallery to gain hands-on work experience in a local small business.
This loan is special because:
More about this loan
Legacy Bebe is an online gift service for infants and toddlers. The idea behind Legacy Bebe grew out my desire to create a special place for gifts to infants and toddler’ of color. I have been to countless baby showers and purchased gifts for the children of family and friends, but found shopping for a unique baby gift challenging and time consuming. At Legacy Bebe we know that within a child’s first years, super soft and plush items are paramount. We have chosen chique, classic products from leaders in the soft children’s gift industry that focus on well-made, award winning, innovative designs. With Legacy Bebe, I particularly wanted to offer items that would promote a sense of pride, belonging, nurturing and creative play.
My vision for Legacy Bebe is to provide my target customer with an easy searchable website for the purchase of plush dolls, keepsakes and accessories presented in embroidered Legacy Bebe totes. Our products are great for baby showers, birthdays, holidays or just because.
I launched Legacy Bebe last year at the Fillmore Jazz Festival and over the ensuing months I have showcased my baby gift business at numerous pop-ups around San Francisco. With my completed website and social media presence I now feel ready to enter the ecommerce arena. My ultimate goal is to create a sustainable business that I can turn over to my daughter (my Legacy) in 5 years.
What is the purpose of this loan?
I am in the process of updating my product line with the inclusion of an additional wholesaler. Since I am moving to a strictly ecommerce business it is important to have inventory, packaging and shipping materials on hand to avoid long delays in order fulfillment.
This $$ will allow me to purchase inventory and accessories, packaging and shipping materials, and gain working capital for my business. See below for the breakdown of my costs:
Inventory: $3,900 Packaging Boxes: $400 Tote Bags: $700 Total Cost = $5,000
Years in operation: 6 months – 1 year