Kenya



Entrepreneur
Ann Wanjiru
Nairobi, Kenya
Followers: 3
Feedback Rating: 0 % Positive (1)
View Lender Feedback
On-Time Repayments: 9% (11)

This Loan
19% Repaid


Disbursed Amount: $302.01
Date Disbursed: Aug 18, 2012
Repayment Status: Late
Repayment Frequency: Monthly Projected Term: 11 months
Cost of Loan: $14.72
Show Cost Details

Cost of this loan

Service Fee: $302.01 at 5% annual rate over 11 months = $14.72

Cost paid to join Zidisha

Upon joining Zidisha, Ann paid a lifetime membership fee of $12.08. These were one-time costs and entitled Ann to lifetime Zidisha membership.


Story
About Me

I am a business lady who is dedicated to make a living from doing business. I started this business to help me independent financially and at the same time help my family get there daily bread.I also have orphans who am caring for.

I am currently living utawala estate in Githunguri location along Katani Road where my business is also located.

My Business

The business is located at MC shopping center in embakasi- Nairobi . I mainly dealing green grocery where I sell vegetables to the community around. Since Utawala is an upcoming estate there is demand for vegetable due to the fact that the region is dry and does not support Agriculture. I buy my commodities from Nairobi and sell them to the community around.

Loan Proposal

I thank zidisha for granting me the loan of 35, 000. In my green grocery I will boost my business by adding cerials such as maize, beans, peas, ndengus cassava, arrowroots, wheat follr maize flour and all kinds of cerials. I will also add stock to the green grocery that I was running before. In order to have more customers an add more profit to my business I will buy refreshments such as sodas juice and water. I will buy foods such as cakes and bread to sometimes refresh my customers. I will expand my business premise and this will require me to buy my own materials to build the premise.


Feedback
Positive   0      Neutral   1      Negative   0     

  • Hope2012     Mar 31, 2014

    Neutral

    I would have liked some feedback on this loan but I do recognise that the lady is a grandmother who might not be able to access the Internet and is coping with her deceased daughters children. She repaid two instalments and it looks like she hasn't been able to pay more so far. I think under zidisha's tightened criteria she probably would not have been offered a loan.
    Perhaps she'll make a late payment ?


Lenders
Elisabeth

Hove,  Belgium

Dianne

Maryville,  United States

Hope2012

Sussex,  United Kingdom

howru

Toronto,  Canada

investor

Candiac,  Canada

Discussion
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  • traciyoshiyama     Sep 4, 2012

    September 3, 2012

    Hello, my name is Traci Yoshiyama, Zidisha’s Kenya Client Relationship Manager. I am currently visiting Zidisha borrowers in and around Nairobi.

    As my weeks of visiting clients quickly turn to months, I begin to see a pattern amongst many Zidisha borrowers. Their initial reaction to Zidisha’s unique microlending model is usually one of incredulity, but also curiosity, for most have never heard of peer-to-peer lending before. Upon receiving their loan, what first was skepticism quickly turns to gratitude and an eagerness to spread the word. My visit with borrower, Ann Wanjiru, was no different. As I explain the process of P2P lending in greater depth, she stares back at me with a look of disbelief on her face. “How does God think of you people, giving money to those poorer than you to raise them up? It takes a very special heart to do that. Not everyone is like that.” Soon after, I am greeted by friends of Ann who are interested in joining the Zidisha community. And like many before her, happy with her borrowing experience, Ann has made Zidisha her primary financial service.

    After the tragic loss of her eldest daughter several years ago, Ann found herself with the responsibility of caring for her two grandchildren. And with the unemployment rate being a staggering 40% in Kenya, Ann’s son and daughter are without work as well, making it ever more crucial for her to run successful businesses. And that she has done! Through the selling of bananas and transporting water to the ever-growing construction sites in Utawala, Ann has been able to fulfill her role as the sole provider for her family.

    It only being 9:30 in the morning, Ann has already made 1500 KES (almost $20) through her banana sales. Produce stalls appear in the thousands here in Kenya and among the most popular items to sell are bananas. Despite the high population of suppliers, Ann manages to stay on top through a combination of quality customer care and carefully chosen bananas. Currently only selling bananas and working from her home, Ann would like to see her business grow into a shop where she can sell a wide variety of produce, such as avocados, arrowroot, and sweet potato. Although her first Zidisha loan was intended for this purpose, Ann noticed the profitability of transporting and selling water. With the sprouting of many residential homes in Utawala, construction sites are in constant need of water for the mixing of cement. With an entrepreneurial spirit, Ms. Wanjiru used her Zidisha loan to purchase a donkey and a cart. This being a mobile business, I was unable to see her new donkey and cart in action, but I take it as a good sign that it was not sitting idly at home.

    Today being the day Ann goes to a nearby town to replenish her banana stock, we part ways shortly after it begins. This is not before making future plans to return to Utawala to introduce Zidisha to more of her friends. While taking photos of Ann and her family, she exclaims, “Oh, it’s a beautiful day. It’s like my birthday!” On the contrary, it is Ann who surprises me with a gift, for on the bus back to the city, long after I leave Utawala, the conductor tells me Ann has paid for my fare.

    • Hope2012     Jan 9, 2014

      Hello I know this loan has been written off but could you give us an update on what happened and whether the family are well? Thanks


  • traciyoshiyama     Sep 2, 2012

    Dear lenders,

    My name is Traci Yoshiyama and I am Zidisha's Kenya Client Relationship Manager. I will be visiting Ann Wanjiru tomorrow in Utawala! If anyone has any questions or comments you would like me to pass along to Ms. Wanjiru, I would be more than happy to do so. Please feel free to post questions on her profile.

    Best,
    Traci Yoshiyama
    talkingstory.posterous.com


  • Ann Wanjiru     Jul 4, 2012

    Hi. Please activate my account. Am really in need of this loan.
    Thanks.

Summary
Amount Repaid: $61.25
Amount Remaining: $255.48
Expected Completion: Jul 18, 2013
Status: Repaying Late
Installment Amount: $28.79

Repayment History
Expected Payments Actual Payments
Sep 18, 2012 $28.79 Sep 20, 2012 $24.41
Jul 11, 2013 $4.39
Oct 18, 2012 $28.79 Jul 11, 2013 $8.30
Aug 19, 2013 $20.50
Nov 18, 2012 $28.79 Aug 19, 2013 $3.67
Dec 18, 2012 $28.79
Jan 18, 2013 $28.79
Feb 18, 2013 $28.79
Mar 18, 2013 $28.79
Apr 18, 2013 $28.79
May 18, 2013 $28.79
Jun 18, 2013 $28.79
Jul 18, 2013 $28.79

Ann Wanjiru
Nairobi, Kenya

19% Repaid