Loan for expansion of my computer business
Richmond
Kumasi, Ghana
5% repaid
Entrepreneur
Name
Richmond
Member since
August 2015
On-time repayments
184 installments • 68%
About Me
I’m the younger brother in a family of four (4). Both my parents are very patient and have done the best they could for me.
I grew up in a very stable home. Both parents i.e. Dad and Mum are Driver and Petty trader respectively. Later, this stable home became distorted and leads to divorce 15years ago.
It leads to a total division of us where two of us chose our mother and the other two chose Daddy’s side. I was rather fortunate to be by my father. He began pushing me through my education. Later my father business spoiled and he was home so I could not continue. I became drop out from school. I involved myself in some business and I could raise money. I thought to go and do a computer programme. I went to the college to tell them about my situation of been a school drop out. The school offered my entrance exams to test my intellectual level. I had the exams and passed successfully. I was offered Business Administration-Secretarial Option. I completed and have my first career certificate. I was also zealous about computer. After, I spent two months in school to be thought hardware by one tutor who loves me so much in the school.
I also hard my computer hardware certificate and I came out to do attachment for three months in a certain hospital. I became through and I was employed to be Health Insurance Claims Processing Officer.
I thought of starting my own business. I begun it as a part-time base where I own myself a shop and begun repairing people’s computer. Because I use to repair computers at the hospital, as soon as my friends saw my establishment they begun marketing me and I became popular in the locality. I got to know Zidisha 3years ago and with the help of my lenders I have two branches. I want to get this loan to expand it if possibly a new branch.
The locality can boast of one big market which makes there unique where they offload yam in large quantity for sales. The most dominant festival is Christmas and Easter.
I want my children to grow up highly respectable and respecting, God fearing and become Pastors, Nurses and Lawyers.
I love going out for evangelism, playing ball, reading, researching and watching movies.
My Business
These days that the world is moving to a technological stage Computers have become keyed and necessary in the life and education of humans and is almost that every household have a computer and almost every company use computers for their activities. Three years ago I set up a computer shop that I repair computers and also provide computer assistance. Also I sell computers and accessories, troubleshoot computer problems, Computer networking etc. I chose computer business because, computers have become necessary and required in life in education, so I know, and it is almost that every household and company has a computer or computers and I know setting a business of this kind would be best. PC Repair will provide computer and technical consulting (repairs, training, networking and upgrade service). This computer business will be serving about 7 communities. The Market PC Repair has decided to focus mainly on the small business market, as these customers typically don't have a full-time IT person, but have full-time IT needs. PC Repair will offer an affordable, on-demand service for these customers. I can also offer maintenance agreements that generate additional monthly income. For my residential customers, we will offer a very affordable and helpful service with a very flexible schedule to meet their needs.
MY TYPICAL REVENUE ARE;
1. A job card is required before I collect and Service or open each machine
2. I buy second hand computers at cheaper prices and sell them for profit
3. I also sell computer accessories such as pc power supplies, memories, Mother boards, CD ROMs and others for profit
4. I network companies and industries on contract
One cost at my expense is when working a machine that is working but not active and later become not functioning, sometimes you may be charged to pay.
My Objectives are;
1. To provide the best service available to the community at an affordable price.
2. To generate substantial market share so that PC Repair is a common name.
3. Constant growth in sales from start up through year three.
4. To generate customer satisfaction so that at least 40% of our customer base is repeat business.
I will be using 50% of the profit to reinvest and expansion of the business, 30% for saving and remaining 20% for home and other use.
Loan Proposal
I would like to apply for loan in your outfit. I will use this amount to expand my computer business. I will use the money to buy a set of system units, monitors, computer speakers, Ram, Rom, hard drives,computer cables. I will add flat screen tv's also and sell for profit. Since the world is in an IT age, computers are keyed and necessary. My business would avail computers and accesories for various homes that wish to get one or two computers. Children love computers for playing games, watching movies and playing songs. Adults may need it to create their documents and also for safety of keeping files. It's easy sending messages across internet. This business is very competitive and highly demanding. It has help me a lot almost two to three years now. Also every household require tv's for news and watching entertainment stuffs. My profit expectation is around 5-10% . I would use this opportunity to welcome my Lenders, even my new ones that once again I need them. Hope my application would be considered. Thank you a lot.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$849.00
Date disbursed
Aug 6, 2018
Repayment status
Late
Projected term
14 months
Other loans
Lenders
Finland
Norway
Germany
Ask Richmond a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
nicole Jul 17, 2018
Richmond Jul 17, 2018
Loading...