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.
Dorcas will also deposit $165.48 into the Zidisha Members Loan Fund as security for lenders against default. Dorcas 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 Dorcas to raise an unlimited number of loans at zero interest.
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.
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.
I would like to add more add more stock to my business premises.