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Willy and Bobo are friends of the main character, Walter. They don't particularly have main roles in the story/play. The three of them had discussed an idea of opening their own liquor store. Willy is the character who ran off with the money Walter gave him to invest in the liquor store deal. The money Walter gave him for him to invest was the money he received from his mother in addition to the money for his sister's college education. Bobo is the character who comes back to Walter near the end of the play in Act 2, scene 3 to tell him the bad news about Willy running off with the money.
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