Working capital

Collins

Riruta, Kenya

100% repaid

Entrepreneur

Name

Collins

Member since

August 2018

On-time repayments

39 installments  •  26%

About Me

I am an IT Systems Support Administrator who serves small businesses in terms of IT support with a small team of 6 as a side hustle

My Business

Offering support services and selling IT appliances and equipment. We do data recovery and management, hardware installations, maintenance and repair, software installations, configuration, training and support as well as general IT support.

We have recently ventured into cloud support, consultancy and migration again focussing on SME's.

Loan Proposal

This will help fund emerging working capital needs to finance new inventory so as to fulfill client orders and also fund transportation for delivery to customer locations.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$45.00

Date disbursed

Oct 3, 2018

Repayment status

On Time

Projected term

1 week

Lenders

A

Anonymous

United States

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  • Collins    Aug 12, 2022

    Business closure due to ongoing national elections in the country as clients opted to suspend all ongoing projects.

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  • Collins    Jul 8, 2022

    Thank guys! I'll be able to buy enough power for the next 4 weeks so it will ease pressure on my cashflow.

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  • Collins    Jul 7, 2022

    I was able to renew my cloud licences on time to enable me stay in business at least for the next 1 year.

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  • Collins    Jun 29, 2022

    Thanks Lilian and Shannon. I was able to renew my licences and am back up and running fine :)

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  • Collins    Jun 21, 2022

    I will renew my cloud licences for O365 & AWS so as to enable me deliver on my current client projects as I continue growing my portfolio with the aim of one day being fully self-sufficient.
    Your assistance is highly appreciated and may God bless you richly.

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  • Collins    Aug 11, 2021

    My last loan took time to repay. My business premises was invaded by thugs and we ended up losing equipment worth about 150000 Kenya shillings. It has been a long and painful journey to recovery especially with the pandemic but we soldier on! Operations are a bit stable now, the focus now is on rebuilding and widening our client base.

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  • Deryl    Apr 20, 2019

    i talked to him and he told of other financial challenges. as he i waiting to sort them out.

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  • Collins    Feb 22, 2019

    Financial challenges

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  • Collins    Jan 11, 2019

    I am having problems since losing my business partners and am struggling to raise money for licenses renewal. Please bear with me.

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  • Collins    Nov 30, 2018

    I have been unwell for a while nnow so Im trying to recover and ky cashflow is yet to pick up for now.

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  • Deryl    Nov 10, 2018

    Hi Collins your loan is now due please always pay your loan on time.

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  • Collins    Oct 6, 2018

    This money will help me buy computer accessories to add to my inventory so as to fulfill some client orders.
    Thanks so much, I really appreciate you.

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  • Collins    Oct 5, 2018

    My last loan went to funding travel expenses and working capital needs to buy computer accessories for replacement on client machines. Thanks!

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  • Collins    Oct 1, 2018

    Helped meet working capital needs in this case electricity costs for the month.

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  • Collins    Sep 20, 2018

    Thanks! Thiis will go towards paying for electricity tokens to keep us running for another month.

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