Computer spareparts and accessories stock for my shop

Erastus Mwiti

Chaka, Kenya

100% repaid

Entrepreneur

Name

Erastus Mwiti

Member since

February 2014

On-time repayments

158 installments  •  91%

About Me

My names are Erastus Mwiti. I live in Nyeri County in a small town called Chaka, just past Kiganjo Police Training College. My hometown, though small, has a high population and also great potential for businesses of all kinds, being the Kieni East district headquarters location.

I have always been a technology enthusiast since I was in high school, where I got my first computer packages lessons. From there, it has been a journey to satisfy my undying curiosity to know more and more about computers and technology as a whole. I went to college (Eldoret Polytechnic) where I studied computer studies (computer science) for two years, but unfortunately I did not get to finish my course due to lack of fees.

After dropping out, I went to my friend who had a cyber cafe and he agreed to give me a small room in his cyber, where I started a computer repair and maintenance business, which up until now I am holding on to. Being the only computer repairman in my area, the business has been good. On a good day I make around Ksh 1000, and I believe there still is a lot of potential in the business if given enough capital. It has been about a year and a half now in the business and I have managed to buy myself a laptop, 3 desktop computers (I intend to add more and open up my own cyber cafe), and many household items, all from the earnings of my venture.

My Business

For now, my business is my main source of income, which has kept me going for one and a half years now. To make sure I rip maximum from my business, I have incorporated several activities into it, computer repair and maintenance being the major ones of them. These activities include selling of computers (a customer comes, places orders and pays a deposit, after which I go to Nairobi and buy from the dealers at a cheaper price than I quoted to the client), selling of computer accessories, etc. I also want to add movie business to the list.

Mine being a developing town with several established institutions, e.g., Kiganjo Police College and other upcoming institutions, it always ensures a flow of customers into the business.

By always ensuring maximum client satisfaction and maintaining a high level of professionalism and honesty in my work, I have managed to stay ahead of the competition.

It is not all smooth in the business, though. I am always faced by several challenges from time to time. Some of the challenges are rude clients who mostly find it hard to trust technicians, the high cost of the spares used to fix some of these computers, and also the high cost of living, which has a direct impact on things like house rent.

In a month I make around 30,000 shilling, excluding all expenses, which are house rent 4000, electricity bill ksh 1000, and other miscellaneous expenses that come to around 2000 per month. This brings the total expenses to Ksh 7000. The rest is profit which I use for my basic needs, and I manage to save at least Ksh 2000 every moth.

If granted a loan, I would inject the cash into the business, to which I want to add a movie store/library. This will boost my income per month, which I believe would be enough to service my loan.

Loan Proposal

Business has been good for that past seven months since i was here requesting you Zidisha community to fund my project. My business has continued to grow even beyond my expectation with customers growing demand at the same pace.
Due to this i come here to request your financial assistance to carter for this growth in the market. My business involves computer and laptop repair(Which i run in my small workshop in my cyber) and in this kind of business there is always demand for spares and accessories like laptop keyboards, screens, mouse, laptop adapters etc for this machines. Currently i source them from a colleague's shop for a not very fair price. I have done my homework and found a shop in Nairobi(our capital city) where i can get this items at a very good price, actually 30% off the current dealer's price. The only condition is that i have to buy in bulk.
I therefore request your assistance to help me boost my stock which will in turn increase my profit.
Thank you and God bless.

Show original English  

About Me

My names are Erastus Mwiti, i live in Nyeri county in a small town called Chaka just past Kiganjo police Training college. My home town though small it has a high population and also great potential for businesses of all kinds. This being the Kieni East district headquarters location.
i have always been a technology enthusiast since i was in high school where i got my first computer packages lessons. from there it has been a journey to satisfy my undying curiosity to know more and more about computers and technology as whole. i went to college(Eldoret Polytechnic) where i studied computer studies(computer science) for two year but unfortunately i did not get to finish my course due to lack of fees.
after dropping out, i went to my friend who had a cyber cafe and he agreed to give me a small room in his cyber where i now started a computer repair and maintenance business, which up to now am holding onto. Being the only computer repairman in my area, the business has been good.On a good day i make around Ksh 1000, and i believe there still is alot of potential in the business if given enough capital. it has been about a year and half now in the business and i have managed to buy myself a laptop, 3 desktop computers (Which i intend to and more and open up my own cyber cafe) and also managed to buy many household items all from the earnings of my venture.

My Business

For now my business is my Main source of income which has kept me going for one and half year now. To make sure i rip maximum from my business, i have incorporated several activities in it computer repair and maintenance being the major of them. This activities includes selling of computers(a customer comes, places orders and pays deposit after which i go to nairobi and buy from the dealers at a cheaper price than i quoted to the client), selling of computer accessories, etc. i also want to add movie business in the list.
Mine being a developing town with several established institutions e.g Kiganjo Police College and other upcoming institutions, it always ensures a flow of customers in the business.
by always ensuring maximum client satisfaction, maintaining high level of professionalism and honesty in my work i have managed to stay ahead of the competition.
it is not all smooth in the business though. Am always faced by several challenges from time to time.Some of the challenges rude client who most finds it hard to trust technicians, high cost of the spares used to fix some of this computers and also high cost of living which has a direct impact on things like house rent.
In a month i make around 30,000 Shilling. excluding all expenses, which are house rent 4000, electricity bill ksh 1000 and other miscellaneous expenses which comes to around 2000 per month. This brings the total expenses to Ksh 7000. The rest is profit which i use for my basic needs and manage to save atleast Ksh 2000 every moth.
If granted a loan i would inject the cash into the business which i want to add a movie store/library.
This will boost my income per month which i believe would be enough to service my loan.

Loan Proposal

Business has been good for that past seven months since i was here requesting you Zidisha community to fund my project. My business has continued to grow even beyond my expectation with customers growing demand at the same pace.
Due to this i come here to request your financial assistance to carter for this growth in the market. My business involves computer and laptop repair(Which i run in my small workshop in my cyber) and in this kind of business there is always demand for spares and accessories like laptop keyboards, screens, mouse, laptop adapters etc for this machines. Currently i source them from a colleague's shop for a not very fair price. I have done my homework and found a shop in Nairobi(our capital city) where i can get this items at a very good price, actually 30% off the current dealer's price. The only condition is that i have to buy in bulk.
I therefore request your assistance to help me boost my stock which will in turn increase my profit.
Thank you and God bless.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$381.16

Date disbursed

Aug 19, 2015

Repayment status

On Time

Projected term

8 months

Cost to entrepreneur

Service fee: $16.64

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