Boost my inventory of textbooks

Stephen Kimani

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Stephen Kimani

Member since

February 2015

On-time repayments

326 installments  •  77%

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

My business is doing well. With ever growing demand for education, I have enjoyed a continuous flow of customers throughout the year. My bookstore is now bigger and my clients have increased tremendously.

I intend to use the whole amount from this loan to get more copies of fast moving titles. This will increase my sales and profitability significantly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$363.01

Date disbursed

May 13, 2016

Repayment status

On Time

Projected term

17 months

Cost to entrepreneur

Service fee: $15.71

Lenders

M

mblue0953

United States

D

Delph007

Den Haag, Netherlands

Mikey

London, United Kingdom

valentin

Stockholm, Sweden

carlos vendrell

Barcelona, Spain, Philippines

cyrus0302

San Francisco, United States

D

drjofleming

UK, United Kingdom

O

Oliver

Geneva, Switzerland

DeanDropshot

Oslo, Norway

rodcul

Altea, Spain

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

HansLindgren

Uppsala, Sweden

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

B

Bavarian

Bavaria, Germany

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

ProfStick

Grassy Head, Australia

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

B

bopsquod

Seattle, Wa, United States

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

B

bugsheep

Houston, United States

lorello

Vicopisano, Italy

B

BClay

Campbell, United States

ads68

Melbourne, Australia

Bhayl

Stavanger, Norway

Y

Yevrahs

Dallas, Texas, United States

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

D

DaveH

Folsom, United States

A

alkemyst

Geneve, Switzerland

andyt

Jersey City, United States

M

memorissima

milano, Italy

fairspirit

Utrecht, Netherlands

K

KnutG

Bergen, Norway

Bobrm2k3

Charleston, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

Longhorn

Austin, United States

Z

ZacJ89

RIverside, United States

Zal0m0n

Atlantis!!!! x), Mauritania

M

mmisoo

Nova Dubnica, Slovakia

gseletko

South Perth, Australia

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

B

bwitt

Berkeley, United States

G

GanSatya

United States

sderickson

Berkeley, CA, United States

pvilliger

Zurich, Switzerland

R

randall

Ogden, United States

H

HoseB

San Francisco, United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

J

jbhernan

United States

A

AlexH

United Kingdom

Jon

Sweden

Diego

Monza, Italy

JA

Jan Andresen

Hamburg, Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

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