Ex-uk laptops and computer accessories shop
Erastus
Chaka, Kenya
100% repaid
Entrepreneur
Name
Erastus
Member since
February 2014
On-time repayments
131 installments • 82%
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.
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
$428.00
Date disbursed
Jan 26, 2015
Repayment status
On Time
Projected term
7 months
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