Inventory of textbooks for upcoming term

Dorothy

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Dorothy

Member since

December 2014

On-time repayments

143 installments • 52%

About Me

I grew up in Seka Village where I got my primary education before joining a secondary school in Migori County. As the case to most people I have also had challenges in life but I was able to overcome them because I was focused irrespective of the distractions here and there.I thought about this business when I went to buy books for my daughter who was joining a new class,I got interested and started with books worth $ 600,I had a new idea that I thought of adding to the business and it worked (exchanging used books at a small fee and also buying used books from parents at reduced cost to sell to their parents with children in those classes)

My Business

I sell textbooks,exercise books,stories and other class stationery to school and parents with school going children . I work closely with schools and parents since they form the base of my market.The books are in high demand in December ,January , February,May and August this is the time when parents are looking for books for the children joining new classes and schools,in January and February those transiting from Primary to Secondary schools do a lot of buying.I chose book selling because children are born daily and they have to get education through the books I sell.
Averagely a text book go for $ 4 from wholesalers and can be sold @ $ 7.This means a loan of $ 200 can purchase 50 books which can bring a profit $ 120.The profits will be used to enlarged the business.

Loan Proposal

I will use the loan to purchase more books in readiness for the opening of second term in May 2015.I learn t that a number of parents were not in a position to purchase all the books in January and February.I will purchase 50 books @ $ 4 each and sell to schools and individual parents.It is anticipated that after selling the 50 books I will be able to get a profit of $ 100 within a month and bring in others books to sell again.