Double click the installer and run through it. You can change the path to something shorter like say C:\svn. Once installed add an environment variable for SVN_EDITOR. You can do this by right-clicking on MyComputer -> Properties. Go to advanced. Hit the Environmental Variables button. Just add another in there called SVN_EDITOR with a value of C:\windows\notepad.exe (or path of your favorite editor)
The repository is basically a folder that contains all your SVN files and their various config options.
3. Modifying security and authentication settings
For this, you need to modify the permissions and users. Navigate to the folder you just created. In my example, I used "c:\svn\mysvnrepos". In this directory, you will find a few folders. One folder will be called conf. Navigate to it and double-click on the svnserv.conf file. The svnserv.conf file is the configuration file for the svnserv executable. For our purposes, just uncomment out the following lines:
[general]
anon-access = read
auth-access = write
password-db = passwd
That is just remove the pound character (#) from the line.
Save your changes. And double-click on the passwd file in the same directory. This file stores all usernames and passwords in the format:
username= password
Make sure the [Users] line is uncommented and you can just add a new line for your username and password. For example, if you wanted your username to be john and your password to be doe, just create a line like this:
john= doe
Save it and you're done configuring.