Selling second-hand textbooks

Stephen Kimani

Mombasa, Kenya

4% repaid

Entrepreneur

Name

Stephen Kimani

Location

Mombasa, Kenya

On-time repayments

321 weekly installments  •  76%

About Me

My name is Stephen Kimani, but my friends call me Steve. I was born in Kiambu County in the central highlands of Kenya twenty three years ago. I was born in a farming community where most people are involved in food farming as well as livestock keeping. My parents are such farmers and I spent my childhood years in our farm helping them in their farming activities.

I went for primary school and later joined secondary school for my basic education. I did a course in electronics maintenance later and I am a qualified technician in mobile phone repair. However, I did not pursue that career because the I found the work too demanding and with very low income.

It is then that I decided to relocate to Mombasa town to live with a relative who had a business of selling motor vehicle spare parts. I worked for him for two years as a shop attendant and then decided to start my own business of selling second hand books. This is what I am still doing to date.

My Business

I deal with selling of second hand school books. I normally get the old books from parents whose children graduate to the next classes. This is a common practice in Kenya where old books are passed on to those who are in lower classes instead of buying new books which are more expensive.

I also sell new books when I run out old books stocks but this is very rare. The business is quite profitable since my profit margin is about 40%. The main challenge of this business is that it is seasonal and it normally peaks when a new school term begins usually in the months of January, May and September.

My business gives me a net income of about $200 per month. I spend this money to buy more stock and for my upkeep.
I run my business from a roadside structure but my dream is to have a secure store where the books will be safe from thieves and the elements.

Loan Proposal

When i will receive the requested monay i will use it to add stock in my books stores targetting to sell the books during the next term which is starting from next month may. This will double my profit and help me to pay my college school fees and also repaying the loan within the right time.

Feedback

1

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  • Ahadi    Jul 21, 2016

    Good work.
    Stephen is a serious borrower.
    Asante sana.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,267.01

Date disbursed

Apr 15, 2019

Repayment status

Late

Projected term

28 months

Cost to entrepreneur

Service fee: 5% of $1,267.01 = $56.95

Credit risk payment: $341.74

Lenders

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JLewe

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AltruisticSelfishnes

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U

uBaJ41

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A

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P

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A

Anonymous

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J

jozua

Delft, Netherlands

A

argentpepper

Boston, United States

J

johnbireland

Dublin, Ireland

Kjartan

Oslo, Norway

SC1991

West Jordan, United States

Tjitser

The Hague, Netherlands

F

FHult

Stockholm, Sweden

L

ldron7

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T

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Toronto, Canada

C

chelseab

Oklahoma City, United States

A

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Ohio, United States

A

anonymus

Moon, United States

B

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Bakersfield, United States

M

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Camarillo, Ca, United States

T

TheAwakenOne

Sydney, Australia

T

timdever

Batesville, United States

B

briansedz

Canton, Ohio, United States

G D Export

Kolkata, India

J

jjonas

berlin, Germany

M

mgeck

Munich, Germany

G

grahamfamily

Guildford, United Kingdom

dajawein

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S

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Geneva, Switzerland

Sundstroms

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ElWal

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gbnbca

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D

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Cloudways

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pentatonicscale

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peanut

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D

darkpella

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Bruno

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IM

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Tromso, Norway, Norway

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Spain, Spain

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T

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JTShorty

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BF

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Treesforpeople

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indrayudha

Jakarta, Indonesia

A

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Kiev, Ukraine

M

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Østre Gausdal, Norway

isabelv

Barcelona, Spain, Sweden

Nadja

Weissach, Germany

C

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Chicago, United States

A

AndrewC

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B

BigWillie

Belfast, United Kingdom

JFais

Atlanta, United States

L

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TÄBY, Sweden

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E

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soniad

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xtrahardware

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markpearson

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C

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H

haavi

Espoo, Finland

HernanB

Berlin, Germany

R

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Bend, United States

Parkmobile

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fransk

Culemborg, Netherlands

T

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Fort Worth, United States

G

GanSatya

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M

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G

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pvilliger

Zurich, Switzerland

M

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Westwood, United States

H

HoseB

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T

tomcat14

Brussels, Belgium

Arjan Geven

Vienna, Austria

P

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A

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A

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BuckeyeBob

Ohio, United States

M

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Helsinki, Finland

M

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D

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J

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K

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D

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Vesa

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X

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JonAlec

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H

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Steve

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K

Keith

Luxembourg

N

Nicole

Pittsburgh, United States

A

AlexH

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Pascal Coyles

Ghent, Belgium

Michel Bavin

Antwerp Area, Belgium

GerryBonneau

Terrebonne, Canada

SuperMario28

Cudahy, United States

M

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Mike and Jacqui

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KM

Kirsty M

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C

CSM

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EL

Erik Lönnroth

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MJ

Matt Jenkins

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Dave Bogard

New York, United States

TR

Tom Roucoux

Studham, Bedfordshire, United Kingdom

R

Robert

Berlin, Germany

WH

Will Henley

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B

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SMOICE

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MW

Matt Willis

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W

Wade

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Daniel Hammarberg

Gothenburg, Sweden

Kevin

San Francisco, United States

M

Marc

Newcastle upon Tyne, United Kingdom

Mouhamed

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Emma

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J

John

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R

Rembrandt

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E

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A

Allie

Australia

Paul Smithson

Leeds, United Kingdom

P

Peter

Bratislava, Slovakia

MC

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SH

Steven Huntington

London, United Kingdom

PC

Pedro Cambra

United Kingdom

Thomas

Sweden, Sweden

D

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Dublin, Ireland

Philip Schueler

Newbridge, Ireland, Ireland

JC

Justin cohan

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K

Katka

St Albans, United Kingdom

I

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A

Adam

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Bill Ballew

Kansas City, Missouri, United States

Sinan Taifour

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H

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WS

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JA

Joshua Axtell

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NM

Nitya Marepally

San Ramon, CA, United States

Day Family

Melbourne, Australia

Megan Strickland

Los Angeles, United States

Nadia Tuchman

New York City, United States

RS

Rick Smith

Cuenca, Equador

HCPSPIRIT

Helsinki, Finland

M

Margaret

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JF

J Fister

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S

SD

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Pierre Louis Luxama

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Nethanel Kohen

NYC, United States

A

Anonymous

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Chris

Zurich, Switzerland

C

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J

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AM

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Marcelo De Polli

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Nick Studenski

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Denis Ontiveros

Guildford, United Kingdom

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Brian Rickman

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Ivan

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Axel Ratzer

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Dave

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Michael Vereb

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Girolamo Marroccoli

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LT

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Francesca

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CL

Chris Lee

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AE

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Michael Winter

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BH

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AA

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SS

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NB

Nikolaus Bührer

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CA

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Toronto, Canada

M

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N

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Hamburg, Germany

ND

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S

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Martin Schneider

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A

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