Kenya



Entrepreneur
Dorcas Wambui
Kiptangwanyi, Kenya
Followers: 29
Feedback Rating: 100 % Positive (1)
View Lender Feedback
On-Time Repayments: 100% (33)
View Other Loans

This Loan
100% Repaid


Disbursed Amount: $919.37
Date Disbursed: Apr 24, 2012
Repayment Status: Early
Repayment Frequency: Monthly Projected Term: 18 months
Cost of Loan: $138.60
Show Cost Details

Lender Interest: $919.37 at 5.05% annual rate over 18 months = $69.64

Service Fee: $919.37 at 5% annual rate over 18 months = $68.95

Total Loan Cost:
$69.64 + $68.95 = $138.60

Upon joining Zidisha, Dorcas paid a lifetime membership fee of $12.26. This covered:

  • Registration Fee: $12.26

Story
About Me

I live in Kiptangwanyi shopping that is about 43km from Nakuru town. I live in my own piece of land which is plot number 581. I have a business of selling clothes at the shopping center.

My Business

I am a businesswoman at Kiptangwanyi shopping centre. My business entails selling of clothes in the shopping centre.
The main challenges that this business encounter are lack of enough capital to expand the business, high cost of living that reduces consumers purchasing power and porr transport systems.

Loan Proposal

I would like to add more add more stock to my business premises.


Feedback
Positive   1      Neutral   0      Negative   0     

  • MaxEmerika     Sep 11, 2013

    Positive

    We're impressed with how fast you've repaid your loan and would gladly lend to you again!


Lenders
Julia Kurnia

Sterling, Virginia,  United States

Snick

Halle,  Germany

Honey

Sydney,  Australia

Philippe

Adliswil,  Switzerland

Eliduc

Prague,  Czech Republic

EricDamonWalters

Rochester, Mn, Usa,  United States

MaxEmerika

Sonoma County, California,  United States

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

Please log in to comment.

  • MaxEmerika     Aug 12, 2013

    Dear Mrs. Wambui,
    The early payments you have made have allowed us to lend to more people and we appreciate that very much. We have no doubt your success will continue and send best wishes to you always!


  • MaxEmerika     Mar 14, 2013

    Mrs. Wambui,
    We continue to be amazed at the early payments you've made and send best wishes to you and your family!


  • Eliduc     Nov 11, 2012

    Hello Vivien,
    Thank you for the readable news on Ms Wambui business. I also liked the pictures very much, it is nice to see borrowers in their shops/farms etc.

    Dear Ms. Wambui,
    I hope your business is running well. I wish your vegetable business would be profitable permanently - it was clever idea to add the clothes business! Good luck!


  • Vivien     Aug 25, 2012

    Hello Lenders,

    My name is Vivien Barbier and I’m a client relationship intern for Zidisha in Kenya. Wednesday, I visited Mrs Dorcas Wambui and her business in Kipatanganyi market.

    Mrs Wambui runs two different businesses, during the week she sells vegetable on the market place but on Saturday she transforms her stand in a second-hand clothes boutique. Saturday is the big market day in Kiptangwanyi, many traders and farmers come there to sells farm products. To avoid the tough competition with these others sellers, she decided on this day to sells clothes instead of vegetables. This business is also much more profitable since she sometimes manages to make more profit on a single Saturday than during the whole week.

    Running to different business has also other advantages, since many villagers are also farmers they tend to grow they own vegetables. It create season, where Mrs Wambui vegetable business is not profitable. But during the same time, since farmers don’t have to buy vegetables, they have more money to spend on other products like clothes. Using this combination of activity, Mrs Wambui manages to suppress the effect of these businesses cycles on her revenue and success in maintaining profit relatively stable over the year.
    After receiving her loan, she decided to invest half of the money in her clothes business and to send the other half of the money to her first-born son, who runs a similar shop in Nairobi. This way, she can reduce the risk of the investment and help her son at the same time. They both used the loan to increase their stock.

    Mrs Wambui has 8 children, two girls and six boys. Her tow daughters are already married and have moved with her husbands in other part of Kenya. Her two older sons are now working in Nairobi, so she had to support her four other son, two of which are now students.

    Before joining Zidisha, she was a client of another organization that requested 24% interest. It was then very difficult for her business to be profitable enough to grow or to pay for her children’s education. She is very thankful to lenders to have helped her so much. She says that things are getting better for her now and that she hopes that Zidisha will help her to grow her business further.

    Mrs Wambui is a very likable women, she is smiling all the time. I always had the impression that she was about to tell me a joke. Since I visited her on Wednesday, she was not selling clothes but organized a role-play with her friends in the market so that I could take a picture of "customer" buying her clothes.

    Vivien BARBIER
    25th August 2012
    Mugaa, Kenya


  • MaxEmerika     Jul 11, 2012

    Dear Ms Wambui,
    We're impressed with your early payments and hope you have continued success with your business!
    Best wishes!


  • Eliduc     May 17, 2012

    Hello Ms. Wambui, thank you for the message. I wish you good luck in your business and am looking for more news!


  • Eliduc     May 17, 2012

    Hello Ms. Wambui, thank you for the message. I wish you good luck in your business and am looking for more news!


  • Dorcas Wambui     May 17, 2012

    Hallo all lenders and the whole of Zidisha team. I am doing fine and my family is doing well too. I received my loan and I have already added stock in my business. I would like to thank Zidisha for such a great opportunity in our lives. They are really a blessing to us. Long live Zidisha and all the stakeholders.

    • MaxEmerika     May 21, 2012

      Ms. Wambui,
      We are happy to receive your comments and wish you and your family well. Good luck to you!

Summary
Amount Repaid: $1,058.01
Amount Remaining: $0.00
Status: Fully Repaid
Date Repaid: Sep 10, 2013

Repayment History
Expected Payments Actual Payments
Jun 24, 2012 $62.24 Jun 22, 2012 $62.23
Jul 24, 2012 $62.24 Jun 25, 2012 $15.64
Jul 3, 2012 $15.90
Jul 10, 2012 $15.90
Jul 16, 2012 $14.80
Aug 24, 2012 $62.24 Jul 16, 2012 $1.09
Jul 22, 2012 $15.90
Jul 31, 2012 $15.90
Aug 7, 2012 $15.90
Aug 13, 2012 $13.45
Sep 24, 2012 $62.24 Aug 13, 2012 $2.44
Aug 21, 2012 $15.90
Aug 29, 2012 $15.90
Sep 4, 2012 $15.90
Sep 17, 2012 $12.11
Oct 24, 2012 $62.24 Sep 17, 2012 $19.69
Sep 25, 2012 $15.90
Oct 4, 2012 $15.90
Oct 11, 2012 $10.76
Nov 24, 2012 $62.24 Oct 11, 2012 $5.14
Oct 24, 2012 $15.90
Oct 31, 2012 $15.90
Nov 7, 2012 $15.90
Nov 14, 2012 $9.41
Dec 24, 2012 $62.24 Nov 14, 2012 $6.49
Nov 21, 2012 $15.90
Nov 27, 2012 $15.90
Dec 4, 2012 $15.90
Dec 14, 2012 $8.06
Jan 24, 2013 $62.24 Dec 14, 2012 $7.83
Dec 18, 2012 $15.90
Dec 28, 2012 $15.90
Jan 1, 2013 $15.90
Jan 9, 2013 $6.71
Feb 24, 2013 $62.24 Jan 9, 2013 $9.18
Jan 17, 2013 $15.90
Jan 22, 2013 $15.90
Jan 29, 2013 $15.90
Feb 5, 2013 $5.37
Mar 24, 2013 $62.24 Feb 5, 2013 $10.53
Feb 13, 2013 $15.90
Feb 21, 2013 $15.90
Mar 4, 2013 $15.90
Mar 14, 2013 $4.02
Apr 24, 2013 $62.24 Mar 14, 2013 $11.88
Mar 20, 2013 $12.23
Mar 28, 2013 $17.12
Apr 4, 2013 $17.12
Apr 10, 2013 $3.89
May 24, 2013 $62.24 Apr 10, 2013 $13.23
Apr 16, 2013 $17.12
Apr 27, 2013 $17.12
May 2, 2013 $14.77
Jun 24, 2013 $62.24 May 2, 2013 $3.57
May 10, 2013 $12.23
May 15, 2013 $17.12
May 22, 2013 $18.34
May 31, 2013 $10.98
Jul 24, 2013 $62.24 May 31, 2013 $4.92
Jun 6, 2013 $14.67
Jun 11, 2013 $17.12
Jun 25, 2013 $18.34
Jul 10, 2013 $7.19
Aug 24, 2013 $62.24 Jul 10, 2013 $11.16
Jul 11, 2013 $17.12
Jul 23, 2013 $15.90
Aug 1, 2013 $18.07
Sep 24, 2013 $62.24 Aug 1, 2013 $12.50
Aug 8, 2013 $17.12
Aug 12, 2013 $17.12
Aug 20, 2013 $15.49
Oct 24, 2013 $62.24 Aug 20, 2013 $1.62
Aug 30, 2013 $17.12
Sep 7, 2013 $24.46
Sep 10, 2013 $19.04

Dorcas Wambui
Kiptangwanyi, Kenya

100% Repaid