Buying computer equipment for resale

Edwin Masese

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Edwin Masese

Location

Nakuru, Kenya

On-time repayments

142 weekly installments  •  86%

About Me

My names are Edwin ongeri, i live in Nakuru county . My home town though small it has a high population and also great potential for businesses of all kinds.
I grew up being very enthusiastic about Technology and therefore chose a career in IT. it has been a journey to satisfy my undying curiosity to know more and more about computers and technology as whole. I am a graduate with a Diploma certificate in Information Communication Technology
I am an IT Technician who loves what i do, i run a computer maintenance and repair shop. before i could get here where i am, I used to work under a friend for almost four year who taught me so much about the computer business .
I am enjoying the experience that my business brings. I will forever be grateful to the Almighty God for without his guidance i wouldn't be where i am today! God Bless!!

My Business

My business entails sales of computer accessories and at the same time maintenance and computer repairs (Computer Garage). The accessories include computer desktops and laptop keyboards, laptop screens, laptop batteries and chargers, desktops and laptop hard drives, TFT monitors, power cables,VGA cables and all other computer related products. being a technician i also do servicing and repair of both desktops and laptops. The products that i have actually entails to daily basic of the computers to run efficiently, hence their demand is ready.
I chose this kind of business because this is what i used to dream of and also i had so much passion for it, and also I during my start of the business i had a good mentor to advice me through the ups and downs of the business , hence i found myself catching up with others in the computer business easily.
most of my revenues comes from the profit i make from the sales and the services that i provide. I use the profit that i make to cater for me and my young family basic need, paying of rent for both home and the place of work, and when am left with a little I would boost my wife's chicken rearing business .

Loan Proposal

with the loan i intend to buy TFT monitor screens for resale,
This will be of benefit to my business as the demand for computers is rising considering the current situation of corona virus as many of schools are closed and the Government is encouraging learners to learn online.
for business am at least expecting a profit margin of atleast 11% on each and every TFT monitor that ill purchase, of which with that margin itll boost my business further.

Income Source

with the change of the situation on the pandemic, Businesses are slowly coming back to their normalcy giving us hope as entrepreneurs , but incase things go wild ill have to source from the chicken rearing business that i run with my wife

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$260.44

Date disbursed

Aug 7, 2020

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Service fee: $23.41

Credit risk payment: $23.41

Lenders

MarktheMormon

Sandy, Utah, United States

IM

Isak Maaseide

Tromso, Norway, Norway

F

flaguy999

Tampa, United States

wallymountz

Fort Lauderdale, United States

Aran Dunlop

United States

TN

the noob

United Kingdom

M

Michael

Netherlands

R

Ru

New York, United States

MC

Mike Cormack

Vancouver, Canada

T

Thijs

Netherlands

K

Kuba

Poland

A

Andy

United States

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