Stephen
Mombasa, Kenya
100% repaid
Name
Stephen
Member since
February 2015
On-time repayments
326 installments • 77%
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.
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.
I mostly want to buy new books for learners who will be doing their final exams this year, both at primary and secondary level. From my experience, I have observed that such books tend to be in high demand during this time.
I hope to spend the entire amount to buy the books and make a tidy profit which will propel even further in terms to growth. Ultimately, I want to move to a permanent building since I am currently operating on a temporary makeshift structure.
Thank you very much.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$575.00
Date disbursed
Apr 20, 2017
Repayment status
On Time
Projected term
13 months
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Amount repaid
$570.94
Amount remaining
$0.00
Date repaid
Jan 15, 2018
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
May 2, 2017 | $9.86 | Apr 21, 2017 | $9.86 |
May 9, 2017 | $9.86 | May 11, 2017 | $9.86 |
May 16, 2017 | $9.86 | May 15, 2017 | $9.86 |
May 23, 2017 | $9.86 | May 25, 2017 | $9.86 |
May 30, 2017 | $9.86 | May 31, 2017 | $9.86 |
Jun 6, 2017 | $9.86 | Jun 5, 2017 | $9.86 |
Jun 13, 2017 | $9.86 | Jun 15, 2017 | $9.86 |
Jun 20, 2017 | $9.86 | Jun 21, 2017 | $9.86 |
Jun 27, 2017 | $9.86 | Jun 27, 2017 | $9.86 |
Jul 4, 2017 | $9.86 | Jul 6, 2017 | $9.86 |
Jul 11, 2017 | $9.86 | Jul 13, 2017 | $9.86 |
Jul 18, 2017 | $9.86 | Jul 22, 2017 | $9.86 |
Jul 25, 2017 | $9.86 | Jul 22, 2017 | $9.86 |
Aug 1, 2017 | $9.86 | Jul 31, 2017 | $9.86 |
Aug 8, 2017 | $9.86 | Aug 16, 2017 | $9.86 |
Aug 15, 2017 | $9.86 | Aug 19, 2017 | $9.86 |
Aug 22, 2017 | $9.86 | Aug 21, 2017 | $9.86 |
Aug 29, 2017 | $9.86 | Aug 28, 2017 | $9.86 |
Sep 5, 2017 | $9.86 | Aug 28, 2017 | $9.86 |
Sep 12, 2017 | $9.86 | Sep 10, 2017 | $9.86 |
Sep 19, 2017 | $9.86 | Sep 10, 2017 | $9.86 |
Sep 26, 2017 | $9.86 | Sep 10, 2017 | $9.86 |
Oct 3, 2017 | $9.86 | Sep 25, 2017 | $9.86 |
Oct 10, 2017 | $9.86 | Sep 25, 2017 | $9.86 |
Oct 17, 2017 | $9.86 | Sep 25, 2017 | $9.86 |
Oct 24, 2017 | $9.86 | Oct 4, 2017 | $9.86 |
Oct 31, 2017 | $9.86 | Oct 4, 2017 | $9.86 |
Nov 7, 2017 | $9.86 | Oct 16, 2017 | $9.86 |
Nov 14, 2017 | $9.86 | Oct 16, 2017 | $9.86 |
Nov 21, 2017 | $9.86 | Oct 16, 2017 | $9.86 |
Nov 28, 2017 | $9.86 | Oct 23, 2017 | $9.86 |
Dec 5, 2017 | $9.86 | Oct 23, 2017 | $9.86 |
Dec 12, 2017 | $9.86 | Oct 23, 2017 | $9.86 |
Dec 19, 2017 | $9.86 | Oct 26, 2017 | $9.86 |
Dec 26, 2017 | $9.86 | Oct 26, 2017 | $9.86 |
Jan 2, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Jan 9, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Jan 16, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Jan 23, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Jan 30, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Feb 6, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Feb 13, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Feb 20, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Feb 27, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Mar 6, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Mar 13, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Mar 20, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Mar 27, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Apr 3, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Apr 10, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Apr 17, 2018 | $9.86 | Oct 26, 2017 | $9.86 |
Apr 24, 2018 | $9.86 | Oct 26, 2017 | $8.70 |
Jan 1, 2018 | $1.16 | ||
May 1, 2018 | $9.86 | Jan 1, 2018 | $9.86 |
May 8, 2018 | $9.86 | Jan 1, 2018 | $9.86 |
May 15, 2018 | $9.86 | Jan 1, 2018 | $8.70 |
Jan 15, 2018 | $1.16 | ||
May 22, 2018 | $9.86 | Jan 15, 2018 | $9.86 |
May 29, 2018 | $9.86 | Jan 15, 2018 | $9.86 |
Jun 5, 2018 | $8.70 | Jan 15, 2018 | $8.70 |
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