Novel stocking

Wilson Wasonga

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Wilson Wasonga

Member since

June 2018

On-time repayments

108 installments  •  65%

About Me

About Me

Mr name is Wilson Wasonga and love books from my young age and have been small scale books seller in Kenya. I have a family with children and now 38 years old Living in my own build house after saving some cash for the last ten years. With my goal to being financial independents i want now to concentrate in building t my mission. 
So i decided to get some funds to help me reach my goal in the next five years.
Born and raised in Kenya, have gone to education up to college level and in the books business experience of ten years, I request for the consideration to help me reach my dream of opening school supermarket by the end of 2022. 

my major aim is to help those who cannot afford school products in learning days by renting them the used and new school books and stationary at a fees so that their children and themselves can get the required learning materials.

My Business

My Business

Am a books-man and that is how my business is referred in Kenya [Ruiru Books]

I started my business in 2008 after the Kenyan went to election, with my little money of $4. I open a stall and have been struggling with it for over the years giving me small income where I keep others and restock the remaining. 
Its is a challenging business because it has some peak months in January, February, April, August and December. so that is the time i get good business while part of the months the business provide availability to survive on. So as i approach the season I wanted to get some cash to make it viable by the end of the year.
in good times it generate even an income of $450 or $600, but buy the lower sides it can generate between $300 and $400.

For now I have one employee together with my wife who help me to cater for the business.
As I conclude, the new line in business has now push me to apply for a helping hand in this line as our country has now introduced a new curriculum which has resulted into part of the business.

Loan Proposal

I expect to purchase novels in bulk as aline to business because in books business, when in Kenya and it reached to July, August and September people prefer reading to relax them for the year.
I expect to buy a bulk of novels at ksh. 6000 per bail containing 80 novels so for five bails i will be having 400 novels. So for each i will sell at Ksh.150 so doubling the profit and thus will add to my day to day business.

The profit drain will be possible in a month and for that i will employer another worker to take care of that part of business. For that i will provide employment for a new worker.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$343.24

Date disbursed

Jul 4, 2019

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $14.46

Credit risk payment: $66.53

Optional expediting fee: $14.46

Lenders

Paul Buchheit

Mountain View, United States

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