Lender Interest: $600.00 at 1.81% annual rate over 12 months = $10.86
Service Fee: $600.00 at 5% annual rate over 12 months = $30.00
Total Loan Cost:
$10.86 + $30.00 = $40.86
Upon joining Zidisha, Leah paid a lifetime membership fee of $12.00.
Leah will also deposit $161.99 into the Zidisha Members Loan Fund as security for lenders against default. Leah may withdraw the Members Loan Fund deposit at any time, as long as all outstanding loan amounts are repaid to lenders.
These costs are only paid once and entitle Leah to raise an unlimited number of loans at zero interest.
My name is Leah Wanjiku Muniu. I am a married lady with three sons. The second born is joining the college to take a plant operator course in Feb. 2012 the last born is fifteen years in form one at Kijabe Boys High School.
I come form Karunga Centre just as you come from Nakuru on the Nakuru/Nyahururu road you reach a centre called Maili Saba you branch on your right, you take a rough road go past St. John Secondary School then to Karunga Centre. From karunga you go to Murungaru Secondary School many people know Ev. Leah Muni’s residence.
I do farming business where I keep dairy cows I get 6000 per month from the income of milk which is 72000 per year. I also grow cereals like maize and wheat from wheat I get about 300000 per year and from maize I get about 200000 so the total annual income from my business is 600000.
I need to improve my farming skills to maximum yield by adding two extra dairy cows.