Stocking affordable secondhand laptops in rural town

Edith Gatimu

Gilgil, Kenya

100% repaid

Entrepreneur

Name

Edith Gatimu

Member since

January 2014

On-time repayments

140 installments  •  51%

About Me

After graduating with a bachelor of commerce, I decided to venture in self-employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.

My Business

As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business, making me have good profits.

Typical monthly cost include rent of Ksh. 8000, electricity bill of Ksh. 2000, water bill of Ksh. 600 and labor/wages of Ksh. 10,000. This totals to Ksh. 20,600. My monthly cost of goods sold is about Ksh. 35,000 and total sales revenue is about Ksh. 86,000. This leaves me with a gross profit of Ksh. 30,400. I apportion this amount to Ksh. 15,000 for recurrent expenditure and the rest for saving and re-investment.

Loan Proposal

Given the loan, I intend to stock second-hand laptops. I have noted that there is an increase in demand for laptops, as most of my customers inquire about them often. Having done the feasibility studies, I am sure that the sale of laptops will surely open doors for me. The reason why I have opted to invest in the sale of laptops is because, being based in a small town, most people within my locality travel for approximately 50 kilometers when in need of laptops. By bridging this market gap, I have no doubts that my business will achieve a higher profitability. Please help me achieve my dream.

Show original English  

About Me

After graduating with a bachelor of commerce I decided to venture in self employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.

My Business

As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business making me to have good profits. Typical monthly cost include rent of Ksh. 10000, electricity bill of Ksh. 2000, water bill of Ksh. 700 and labor/ wages of Ksh. 10000. This totals to Ksh. 22700. My monthly cost of goods sold is about Ksh. 48,000 and total sales revenue is about Ksh. 101000. This leaves me with gross profit Ksh. 53000. I apportion this amount to Ksh.15000 for recurrent expenditure and the rest for saving and re-investment. However, I expect this to change drastically by adding more stock to my business, I also intend to diversify my business to also cater for computer classes with an aim of increasing my business income.

Loan Proposal

Given the loan, I Intend to stock second hand laptops. I have noted that there is an increase in demand for laptops as most of my customers Inquire about them often. Having done the feasibility studies am sure that the sale of laptops will surely open doors for me. The reason as to why I have opted to invest in the sale of laptops is because, being based in a small town, most people within my locality travel for approximately 50 kilometers when in need of laptops. By bridging this market gap, I have no doubts that my business will achieve a higher profitability. Please help me achieve my dream.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$420.22

Date disbursed

Apr 6, 2015

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $15.70

Lenders

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WilsonLending

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J

Jason

New Jersey, United States

M

MiguelGago

Guimarães, Portugal

mbunifu

San Jose, United States

S

SeeBiscuit

Reston, United States

NhinSD

San Diego, United States

C

cgrumboski

Atlanta, United States

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

AnnaChristina

Pittsburgh, United States

M

mogensh

København V, Denmark

R

rmacaw

Australia

Apmay

Melbourne, Australia

B

briansedz

Canton, Ohio, United States

B

Becks

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1

1979fan

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J

jasonbronowitz

Tempe, United States

nelson637

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S

Shadrax

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C

chrisherron

Chicago, United States

B

blairan

Baltimore, United States

C

cyrilleberger

Gammalkil, Sweden

M

michalbette

melbourne, Australia

pbosakov

Sofia, Bulgaria

KatyRose

Manor, Texas, United States

W

W2JKD

Vero Beach, FL, United States

ksevik

Oslo, Norway

moni9785

San Salvador, El Salvador

T

Talex

Nürnberg, Germany

A

Aman

Johannesburg, South Africa

Susansfund

Colorado Springs, United States

B

bgj21

Cambridge, United Kingdom

P

Piotr

London, United Kingdom

S

Sabine

Courtenay, Canada

P

pillepalle

Osnabrück, Germany

A

Austrian

Graz, Austria

J

jdwiebe

Winnipeg, Canada

P

PhilACK

Brampton, Canada

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

S

samiT

Brussels, Belgium

I

Ilona

St Catharines, Canada

Jouni

Finland

W

Woodyrocks

London, United Kingdom

W

wildnis

Seattle, United States

danielytao

Boston, United States

wakazashi20

San Antonio, United States

E

eirccharrie

Cupertino, United States

T

ThomasGermany

Wuppertal, Germany

S

silsley

Cheltenham, United Kingdom

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

C

cescotet

Needham, United States

R

Roxyclark

Heber City, United States

H

hivervan

watou, Belgium

OlyRhys

Olympia, United States

E

eboleaga

Mexico City, Mexico

R

Rachel

Vernon, Canada

DT

Dru Tarr

Gloucester, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

V

Valis

Singapore, Singapore

Tania

Antwerpen, Belgium

HMS_5th_Grade

Honolulu, United States

D

dannimw

Victoria BC, United Kingdom

J

Jyoti

Herndon, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

S

ssj2k4

Broken Arrow, United States

K

kewlpluz

Moca, Puerto Rico

P

peter9

Victoria, Canada

N

Norin

Germany

davidt

San Francisco, United States

T

TurgayAlihos

SOUTHBANK, Australia

K

Klaudulas

Warsaw, Poland

P

pastabox

New York, United States

T

texasags

owasso, United States

I

ianb723

ROCHESTER, United States

Richard100

Santa Ana, United States

P

prashant

SUNNYVALE, United States

G

gregc

Calgary, Canada

Y

Yecats

New York, United States

B

Bama007

Madison, United States

A

amish

San Francisco, United States

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

C

CJAnderson

Sydney, Australia

M

Marod

Edmonton, Canada

ashleeandjeanelle

Auckland, New Zealand

M

MACH1351CJ

HOMMELVIK, Norway

B

Britams

Amsterdam, Netherlands

P

Phoint

Zurich, Switzerland

N

Navigator

Alavus, Finland

larsandanika

Langen, Germany

K

Krish

Dubai, United Arab Emirates

W

WenShiDi

mobile, China

S

Sclodfelter

Los Angeles, United States

F

Fritzimax

Pacific City, United States

O

Odysseus

Auckland, New Zealand

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

J

jocke

Stockholm, United States

L

LongTallSallymander

Menomonee Falls, United States

J

Justicar007

Longueuil, Canada

S

ScottEastman

Green Bay, United States

H

hokyplyr

Lincoln, United States

A

AndrewC

London, United Kingdom

G

gradient

KFAR SABA, Israel

I

idakaren

bonlez, Belgium

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

C

Carlos

Barcelona, Spain

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

N

NickLuder

London, United Kingdom

T

ThereIsNoGod

Singapore, Singapore

R

rebtl

San Francisco, United States

S

SnifferTheBunny

Brighton, United Kingdom

A

andprosper

World Peace, United States

Mrdressup

Brisbane, Australia

A

AtomMan123

Fletcher, NC, United States

B

Bernsjx

Montreal, Canada

somuchjackson

Boston, United States

R

raisage

Cote Saint-Luc, Canada

C

Catch22

The Colony, United States

J

jebediahFND

Oslo, Norway

R

rosebo

Bend, United States

Parkmobile

Fort Bragg, United States

G

Gdrvasc

Frederick, United States

H

happytrailsjpd

South Bend, United States

E

emilyeaton

New York, United States

M

mark3339

San Diego, United States

Franky

London, United Kingdom

A

Alizar

Toms River, United States

T

Texikan

Fort Worth, United States

D

dj9812

United States

I

ImSirFing

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M

Morgan1301

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L

liseman

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S

Smadori0

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G

grogzoid

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E

elhh82

Petaling Jaya, Malaysia

E

EjLehar

Galesburg, United States

A

analyticsPierce

Denver, United States

OP

Old People

Corona Del Mar, United States

Arjan Geven

Vienna, Austria

K

Kramer91

Kamerik, Netherlands

A

AileenH

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P

Peaches

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C

chrishol

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O

osubucks45

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T

Trooperdan

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B

bovine

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R

roozbeh

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M

Mcohan21

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Aaron85

Knoxville, United States

J

juniormint

United States

R

RJonR

United States

A

adiipienaar

South Africa

A

alazybum

Australia

jonnyhj

Stockholm, Sweden

Paul Buchheit

Mountain View, United States

Z

zdenek

Czech Republic

B

bvirlet

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A

ATMiller

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M

mitchmk84

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N

Nekochan26

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L

Lallarahiq

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C

CraigInCo

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mepster

San Francisco, Ca, United States

Kmc138

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S

simonthompson99

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J

JimiK

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AndrewNeu

Ho Chi Minh, Vietnam

B

blambert

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J

JonAlec

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D

Desteli

United States

H

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Mun

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Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

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Hoops

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S

StefanB

Stockholm, Sweden

Andrew267

Birmingham, United Kingdom

P

Paul

United States

F

Foster

United Kingdom

M

Madtowner

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P

Pragathi

United States

E

Erich

Zurich, Switzerland

D

Doug

Baltimore, United States

MG

Michelle Gard

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MJ

Matt Jenkins

United Kingdom

A

Andreas

Munich, Germany

R

Robert

Berlin, Germany

Fabian Linzberger

Vienna, Austria

PT

Pattie Thomas

United States

Nicholas Corbett

Toronto, Canada

Thomas

Mueller, Germany

GN

Gabriel N

Switzerland

Paul Buchheit

Mountain View, United States

Ask Edith a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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