Inventory of used textbooks for sale

Entrepreneur

About Me

My name is Mary and I was born in Nyeri county of Kenya. I was born in a family of 4 and I am the second born. My parents are farmers and I grew up helping them with their farming duties.

I went to primary school where I covered eight years and then joined secondary school for a further four years. My parents considered this as enough education and they did not educate me beyond this level. I moved from home to Mombasa shortly after completing my secondary education and I came to live with a cousin.

It his here where I met my husband who is now the father of my one child. With his assistance, I opened a small business of selling wall charts and used text books in a local open air market and this is what I am still doing.

I have a dream of opening a big bookshop in future and turn it into a family business where my husband and child(ren) will join me to run the mega business.

My Business

I sell educational posters mostly for pre-school and lower primary classes. I also buy and sell old books. This is a new practice in this area where parent sell text books for their children who graduate to the next class. They then buy books for the next class so long as the books are in good condition. They save a lot of money since I sell them at half the price of new books.

I normally sell posters to parents who introduce education to their kids at an early age. I also sell them to schools where they use them as teaching aids for the learners. This business picks up during the beginning of school terms but on average I make a profit of about $250 per month.

I spend this money to run the house budget as well as putting some of it back to business.

Loan Proposal

If I get funded, I will use this money to buy more used books from parents. There are many who bring their books to me but I only take the number that I can afford to pay. The mode of payment is cash payment on delivery and this limits me a lot since I can only take what I can afford to pay on the spot.

With this loan, I will be able to get about 3 dozen books and this will increase my stock to the level that I have always wanted. The increased volume will translate into more sales hence more profit. I am very excited about the prospect of getting this loan.

Thank you.

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