Increase inventory for my bookstore business

Naomi Wangari

Juja, Kenya

100% repaid

Entrepreneur

Name

Naomi Wangari

Location

Juja, Kenya

On-time repayments

325 weekly installments  •  52%

About Me

I am a 26-year-old young lady who is married with two kids. I live in Milimani, Juja, which is located in Kiambu County. I believe that I possess several qualities which make me uniquely qualified to contribute to the community. My educational background, which combines general knowledge with accounting, affords me an uncommon perspective on business.

I am currently pursuing a degree in Business Administration at Kenyatta University in my final year. I also hold a Certified Public Accountant (Part II) and I am an aggressive business lady. My background in the complementary areas of business and accounting gives me a special perspective which I will pass to my fellow countrymen.

I currently run my own business called NOMKUNGU BOOKSTORE that provides high school, universities and college students with the opportunity to buy, sell and trade used textbooks and school supplies. My business generates approximately $600 as net profit monthly. In a nutshell, I am an aggressive young lady whose intention is to make money and also assist others.

My Business

My company, which is solely owned, deals with secondhand books and started in the year 2011. My company’s name is called NOMKUNGU SECONDHAND BOOKSTORE and is a store providing high school, universities and college students with the opportunity to buy, sell and trade used textbooks and school supplies. In addition to textbooks, students may sell their school supplies like class notes, old newspapers, laptops, accessories or anything that they wish to sell or buy in my store. I used my own book collections as start-up inventory base. In addition, I talked to neighbors, friends and relatives, who donated some of the books. After making these rounds, I managed to get 4,000 books as start-up stock when I opened up for business.

My company’s goal is to strive to achieve the following:
1) Become the leading secondhand book seller in Kenya
2) Attract 500,000 customers in the next five years
3) Achieve the target of 50,000 visits per month
4) Establish sustainable profitability within the first five years

My company carries a broad and varied inventory of high school, university and college secondhand textbooks and other materials at all price levels and provides services to help students succeed academically and in an affordable manner. NOMKUNGU SECONDHAND BOOKSTORE generates profitable revenues equal to or exceeding national norms while keeping the cost of retail items competitive for high school, university and college students, and campus community members. I constantly seek to improve my interactions with customers and have invested a lot of time and resources in the business.

Operating a used book store is a like owning a recycling center: it is not too glamorous but very profitable. My company generates almost $6,700 per year as net profit. I buy old textbooks averagely at $2 and sell them averagely for $5, therefore making an average profit of $3 per textbook. In addition, school supplies like class notes, old newspapers, laptops, accessories make a profit of $100 per month.

Loan Proposal

I need a loan so as to maintain and increase my business’s current inventory. After receiving the loan last time, I managed to source a specialized point-of-sale system software that has facilitated easy categorization on inventories of used books. This has boosted my business and has definitely increased my profit since I am now able to manage my revenue.

Being January, many parents are taking their children to school and most university students are going back to campus. Since it is a high season for my business, I need a loan to acquire more inventories of used books. I receive approximately 30% to 35% of the buying value after selling the books. After receiving the loan, I intend to add more used books, each retailing at an average of 2 dollars, since it is the high season. This will add additional revenue of approximately 2,500 dollars per month. Please fund me, Zidisha.

Show original English  

About Me

I am a 26 years old young lady who is married with two kids. I live in Milimani, Juja which is located in Kiambu County. I believe that I possess several qualities which make me uniquely qualified to contribute to the community. My educational background, which combines general knowledge with accounting, affords me an uncommon perspective on business. I am currently pursuing a degree in Business Administration at Kenyatta University in my final year. I also hold a Certified Public Accountant (Part II) and I am an aggressive business lady. My background in the complementary areas of business and accounting gives me a special perspective which I will pass to my fellow countrymen. I currently run my own business called NOMKUNGU BOOKSTORE that provides high school, universities and college students with the opportunity to buy, sell and trade used textbooks and school supplies. My business generates approximately 600$ as net profit monthly. In a nutshell, I am an aggressive young lady whose intention is to make money and also assist others.

My Business

My company which is solely owned deals with secondhand books and started in the year 2011. My company’s name is called NOMKUNGU SECONDHAND BOOKSTORE and is a store providing high school, universities and college students with the opportunity to buy, sell and trade used textbooks and school supplies. In addition to textbooks, students may sell their school supplies like class notes, old newspapers, laptops, accessories or anything that they wish to sell or buy in my store. I used my own book collections as start-up inventory base. In addition, I talked to neighbors; friends and relatives donated some of the books. After making these rounds, I managed to get 4,000 books as start-up stock when I opened up for business.
My Company’s goal is to strive to achieve the following:
1) Become the leading second hand book seller in Kenya
2) Attract 500,000 customers in the next five years
3) Achieve the target of 50,000 visits per month
4) Establish sustainable profitability within the first five years
My company carries a broad and varied inventory of high school, universities and college second hand textbooks and other materials at all price levels and provide services to help students succeed academically and in an affordable manner. NOMKUNGU SECONDHAND BOOKSTORE generates profitable revenues equal to or exceeding national norms while keeping the cost of retail items competitive for high school, universities and college students, and campus community members. I constantly seek to improve my interactions with customers and have invested a lot of time and resources in the business.
Operating a used book store is a like owning a recycling center; it is not too glamorous but very profitable. My company generates almost 6,700 $ per year as net profit. I buy old textbooks averagely at 2$ and sell them averagely for 5$; therefore making an average profit of 3$ per textbook. In addition, school supplies like class notes, old newspapers, laptops, accessories make a profit of 100$ per month.

Loan Proposal

I need a loan so as to maintain and increase my business’s CURRENT INVENTORY. After receiving the loan last time, I managed to source a specialized point of sale system software that has facilitated easy categorization on inventories of used books. This has boosted my business and has definitely increased my profit since I am now able to manage my revenue. Being January, many parents are taking their children to school and most university students are going back to campus. Since it is a high season for my business, I need a loan to acquire more inventories of used books. I receive approximately 30% to 35% of the buying value after selling the books. After receiving the loan I intend to add more used books each retailing at an average of 2 dollars, since it is the high season. This will add additional revenue of approximately 2,500 dollars per month. Please fund me Zidisha.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$882.24

Date disbursed

Jan 21, 2016

Repayment status

On Time

Projected term

11 months

Cost to entrepreneur

Service fee: $44.11

Naomi opted to pay $88.60 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

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X

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B

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C

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D

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J

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HI

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J

johan

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mbunifu

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dkapplerb

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D

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K

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AdamP

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cyrus0302

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S

SeeBiscuit

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nicole

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L

Lunatoon

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D

drjofleming

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S

sebseb

The Hague, Netherlands

DeanDropshot

Oslo, Norway

Charmonica

London, United Kingdom

I

ideerge

Mountain View, United States

adventurerneil

Boulder, United States

ErikN

Stockholm, Sweden

J

jozua

Delft, Netherlands

F

Fiodal

Helsinki, Finland

L

louisela

Eugene, Oregon, United States

Raoul72

Naarden, Netherlands

L

lucnz

Auckland, New Zealand

I

Interfree

Dubai, United Arab Emirates

T

Tszach

Tucson, United States

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

F

FHult

Stockholm, Sweden

J

jgillard

Winchester, United Kingdom

T

TopUp

Toronto, Canada

R

rcmssr

Woodbury, United States

G

giaco

madrid, Spain

A

Aloha

Cologne, Germany

Z

zemaj

Sydney, Australia

M

markj

Camberwell, Australia

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

yeahboi78

Alexandria,LA, United States

johnandmoliehi

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Zidisha

Sterling, United States

A

aliasadsj

Queens, NY, United States

G

guenter

Bremen, Germany

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

S

Shorty

London, United Kingdom

S

Steveandson

Arlington, United States

O

oasis

Boise, United States

D

DRSZ73

Portsmouth, United Kingdom

C

cjmenchaca

Austin, United States

B

BronxJose

Bronx, United States

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

BJ

Brandon Joz

North Carolina, United States

MatthewHaight

Montgomery Village, United States

Aggul

London, United Kingdom

Kysera

Crawfordsville, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

G

gregoryhk

San Francisco, United States

J

jdhowa2

Louisville, KY, United States

rosevines

New Orleans, United States

RockinRobin

Centennial CO, United States

R

Rossman

Poland, United States

TheWhiteCat

Surrey, United Kingdom

MichaelR

Los Angeles, United States

D

danny

Karlsruhe, Germany

B

briansedz

Canton, Ohio, United States

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

phytoplankton

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J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

simonvikstrom

Drottningholm, Sweden

T

tmsaddress

Orlando, Florida, United States

AlexPalavas

Palavas les Flots, France

B

Becks

Dubai, United Arab Emirates

L

Lenore

Munich, Germany

C

chrisherron

Chicago, United States

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

H

hanh352

Homosassa, United States

C

cyrilleberger

Gammalkil, Sweden

W

W2JKD

Vero Beach, FL, United States

dajawein

Gladstone, Australia

indeh

London, United Kingdom

athomas

Chevy Chase, United States

S

stevetanner

Geneva, Switzerland

Elaine123

Philadelphia, United States

J

JandC

Watsonville, United States

F

fake_name

Boston, United States

Myrar

Aarau, Switzerland

D

Divergent

Bethesda, United States

D

duckdork

De Forest, United States

amovida

Central valley, ny, United States

Susansfund

Colorado Springs, United States

ReducedFat

Lake Forest, United States

B

bgj21

Cambridge, United Kingdom

G

glomardor

Leonardtown, United States

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

R

RosieLea

columbus, United States

M

markusfitza

College Station, United States

IA

Ismini and Jerry

Stamford, USA, United States

P

penguin3694

Chicago, United States

R

robandcasey

JOHNS ISLAND, United States

S

Sabine

Courtenay, Canada

T

the0bauman

Hillsboro, United States

D

danderson1953

Plainsboro, United States

A

Austrian

Graz, Austria

birtom

Ettlingen, Germany

T

thomashult

Bromma, Sweden

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

C

cczapp

Hilliard, United States

P

pedromaster88

torra pallavicina, Italy

AdvancingCompassion

San Diego, United States

M

Mutualbanking

nyc, United States

K

keane2097

Ranelagh, Ireland

A

artom

Karkola, Finland

M

mmcclu111

San Francisco, United States

L

loistf

Madrid, Spain

peanut

Halifax, Canada

B

BClay

Campbell, United States

M

marcelitohb

Bremen, Germany

RoryWitt

San Diego, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

P

pellm

Ashland, United States

R

Rking

Eugene, United States

E

eirccharrie

Cupertino, United States

D

DThirteen

Miami, United States

B

BGRRisz

Arlington, United States

S

Saryan929

Somerville, United States

dhulsterwim

LIER, Belgium

U

UmSaeed

Southfield, United States

D

Dionne

Pembroke, Bermuda

swendl

Iowa, United States

D

Dave22202

Arlington VA, United States

Bhayl

Stavanger, Norway

A

Aaron

Zurich, Switzerland

RandyPetersen1

Colorado Springs, United States

J

justincomish

Riverton, United States

E

eboleaga

Mexico City, Mexico

rfriedenberg

New Jersey, United States

E

erogers

Vancouver, Canada

Bruno

São Paulo, Brazil

J

jerryq

Redding, United States

M

mkellerman

Shanghai, China

L

lilbsedz

Raleigh, United States

basicus

Cairo, Egypt

D

dannimw

Victoria BC, United Kingdom

J

Jopar

Corroios, Portugal

chadgibbs

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A

alkemyst

Geneve, Switzerland

fairspirit

Utrecht, Netherlands

T

TurgayAlihos

SOUTHBANK, Australia

L

LindsayB

Sydney, Australia

S

sublibyss

East Lansing, United States

S

solarkismet

Logan, United States

Y

Yecats

New York, United States

A

arwaandali

Ottawa, Canada

A

amish

San Francisco, United States

James

Paris, France

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

colochef

Montevideo, Uruguay

C

caz32

chertsey, United Kingdom

M

Marod

Edmonton, Canada

M

marcmesich

Kaohsiung, Taiwan

claire.mcleland

Springfield, United States

A

Andrii

Kiev, Ukraine

N

Navigator

Alavus, Finland

numbat

Perth, Australia

isabelv

Barcelona, Spain, Sweden

DVM1417

Seaford, United States

paulclinton

malaga, Spain

A

AndrewC

London, United Kingdom

M

mmisoo

Nova Dubnica, Slovakia

H

HobbyCollector

Beach City, United States

gseletko

South Perth, Australia

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

A

Adiuvo

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Lambie

Perth, Australia

D

Dutch_lender

Leiderdorp, Netherlands

P

Pillango

Frankfurt, Germany

A

alettore

Schleinikon, Switzerland

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

Richard Griebe

La Jolla, United States

J

jumpfunky

Dortmund, Germany

C

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E

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mibrahim51

Mountain View, United States

B

bwitt

Berkeley, United States

J

jcappel

Toronto, Canada

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Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

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Winnipeg, Canada

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Paris, France

A

akshu71

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scottpz

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GanSatya

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DaveyDave

Brisbane, Australia

D

dajja

Stockholm, Sweden

B

bgordon

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M

martyb

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pvilliger

Zurich, Switzerland

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Malibu

Westwood, United States

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ibd267

Ambler, United States

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chrishol

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Jonas

Linköping, Sweden

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G

geoff

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S

spivurno

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M

meric

Australia

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science4sail

United States

Paul Buchheit

Mountain View, United States

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SimonAngus

South Africa

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jcmfl

United States

M

Michi

Switzerland

J

jay12

Germany

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plhughes

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A

ahgillett

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Waterloo, Canada

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J

jbhernan

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CraigInCo

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hedyeyre

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TyWee

Manila, Philippines

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luckiestmonkey

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A

AlphaAres

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blambert

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timnj

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JonAlec

United States

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Grant Xavier Storer

Seattle, Wa, United States

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idris

United States

J

jdelaporte

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sarahb

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AlexH

United Kingdom

S

satheajay

United States

B

Bennphoto

United Kingdom

N

nedenchase

United States

C

cocolo

United States

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smanda

United States

adrianz

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NickiW

United Kingdom

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Kebrenagast

New York, United States

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Crainster

Chapel Hill, United States

E

Estebanito

United States

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adamdreaming

United States

R

rokbe

Netherlands

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mcgeefamilyny

United States

Andrew267

Birmingham, United Kingdom

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pnrjulius

United States

F

Foster

United Kingdom

reluck

Marseille, France, France

Kyle Hoback

Jersey City, NJ, United States

R

Ruj-ura

Thailand

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andreab

United States

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

SK

Sebastian Krohn

Amsterdam, Netherlands

KM

Kirsty M

United Kingdom

Haim Si

Mexico, Mexico

Sara

United Kingdom

S Masler

Tennessee, U.S.A., United States

Shen Ge

Houston, United States

Peter R

Fulda, Germany

M

Marco

Germany

E

Erich

Zurich, Switzerland

D

Doug

Baltimore, United States

Gab

Singapore

Dave Bogard

New York, United States

MF

Martin Fisher

United States

Veeti

Helsinki, Finland

M

mmartin

United States

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Petershagen, Germany

N

Niels

Berlin, Germany

o24kristin

Schaumburg, United States

Greg Howard

Reno, Nv, United States

K

Kristen

United States

DR

Derek R

Australia

WH

Walter Hill

United States

W

Wade

United States

JD

Jo Dane

Melbourne, Australia

PT

Pattie Thomas

United States

DN

Don Nichols

United States

jtreyes

United States

PP

Pasi Paajanen

Helsinki, Finland

H

Hakon

Drammen, Norway

JM

John Meserve

United States

BS

Bart Sturm

Amsterdam, Brazil

Mark Thumpston

Solihull, UK, United Kingdom

R

Ryan

United States

E

erica

antwerpen, Belgium

Max Lettenberger

Madison, WI, United States

JT

JW Tabacchi

United States

Kevin

San Francisco, United States

J

Julie

United States

FK

Faraz Khan

United States

M

Marc

Newcastle upon Tyne, United Kingdom

DB

Divya Bhat

United States

KD

Kent Don

United States

EB

Erica Brescia

United States

Jennifer Weber

Canandaigua, Ny, United States

A

Anthony

United States

Mouhamed

United States

MG

Meron Gribetz

United States

MM

Marshall M

United States

Paul

Seattle, United States

Cameron Graham

Nashville, TN, United States

JD

Jeff DePree

United States

ME

Manaal Eisa

Washington DC, United States

RM

Robert Mulley

United States

AH

Adam Hill

United States

Caroline Cress

Seattle, WA, United States

B

Brent

United States

C

christine

Switzerland

HPK

Switzerland, Switzerland

NM

Neil M

London, United Kingdom

Ryan Keller

Hong Kong, Hong Kong

EW

Eli Weiss

United States

MC

Mark Cowburn

United States

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