Ex-uk laptops and computer accessories 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

There has been an upsurge in colleges and universities in my locality of late. This translates to an increase in the student population around here, hence an increase in demand for laptops, their accessories, and even repair.

Having an already-established cybercafe and the know-how on computer repair and maintenance I posses, I see this as a golden opportunity to grow and expand my business. I am planning to partition my cyber room to create space to accommodate this new 'department'. I have a friend who imports refurbished laptops and he has agreed to give me a good deal on them. If I manage to get one laptop for $160 and sell at $220, I consider it a good margin. For the accessories, there is a place I can source them at a good price. For the repair and maintenance part, that's my area of specialization.

To accomplish this, I need your help. The loan, together with my savings, will help me go a long way in realizing my dreams and, at the same time, serving my community.
Thank you.

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

There has been an upsurge in colleges in and universities in my locality of late. This translates to increase in the students population around here hence increase in demand for laptops, their accessories and even repair.
Having a already established cybercafe and the know-how on computer repair and maintenance i posses, i see this this a golden opportunity to grow and expand my business.
I am planning to partition my cyber room to create space to accommodate this new 'department'. I have a friend who imports refurbished laptop and he has agreed to give me a good deal on them. If i manage to get one laptop for $160 and sell at $220, i consider it as good margins. For the accessories, there is a place i can source them at a good price. For repair and maintenance part that's my area of specialization.
To accomplish this, i need your help. The loan together with my saving will help me go along way in realizing my dreams and in the same time serving my community.
Thank you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$428.65

Date disbursed

Jan 26, 2015

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $428.65 at 6.00% annual rate over 7 months = $15.76

Service fee: $9.71

Lenders

C

CWS

Huntington beach, ca, United States

H

Hilke

Bremen, Germany

HI

Highly Improbable

Saskatoon, Canada

Irvin

Vancouver, Canada

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

C

chkuo

Taipei, Taiwan

P

Philippe

Adliswil, Switzerland

AdamP

Sunnyvale, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

E

Ehaffey

Washington D.C., United States

L

lmuenchen

Munich, Germany

C

ColinPlatt

Montgomery Village, United States

Hope2012

United Kingdom

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

EHTHighSchool

Egg Harbor Township, United States

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

G

gt2016c

Birchgrove, Australia

H

Hynek

Brussels, Belgium

J

jjcharlie

chicago, United States

ZlataRoy

Cheltenham, United Kingdom

F

FaaThailand

Bangkok, Thailand

Zidisha

Sterling, United States

S

Steveandson

Arlington, United States

DaveinPerth

Perth, Australia

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

B

blahblah

Nuernberg, Germany

RockinRobin

Centennial CO, United States

MichaelR

Los Angeles, United States

C

CheesemanDan

Shanghai, China

Krtecek

Balzers, Liechtenstein

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

cattlebaron

Pierre, SD, United States

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

andreasol

Bielefeld, Germany

rasmus

Bern, Switzerland

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

P

penguin3694

Chicago, United States

S

Sabine

Courtenay, Canada

E

EnhanceLife

Heber City, United States

S

samuk

Nottingham, United Kingdom

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Zal0m0n

Atlantis!!!! x), Mauritania

Evan Lamos

Brussels, Belgium

G

GanSatya

United States

B

BobHope

United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

J

jdallatezza

United States

J

jdelaporte

United States

Mikers

Netherlands

H

happyhappy

Switzerland

B

BigRosie

United States

K

United States

M

Maggie

Australia

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