Loan to buy farming equipment

Ndungu    Jul 3, 2017

I spoke to Peter today and he said that he is still committed to repaying this loan in full. His business collapsed and that is why he has not been able to service this loan. He is hoping for better days ahead.

Mwaura    May 6, 2016

Dear lenders, Business has been tough the last couple of months. I have recovered a little bit but I can only afford to pay KES 300 per week as for now until my business goes back on track. Thank you.

Esther    Nov 9, 2015

Dear lenders, I spoke to Peter today and he promised to make some payments this week. He is complaining of low business volumes hence the delay in his loan payments.

Mwaura    Sep 26, 2015

Dear lenders, I am very sorry for the late payments. I have been experiencing hard times at my business and this caused the long delay. My business is now recovering and I am now able to repay KES 500 per week. Thank you and I kindly ask for your understanding.

Esther    Jul 4, 2015

Dear lenders, I spoke to Peter yesterday and he told me that he has been away from his business to attend some pressing issues back home. He will resume next week and normalize his repayments. Thank you for your patience.

Esther    May 28, 2015

Dear lenders, I spoke to Peter yesterday and he told me he has been experiencing poor sales. He however promised to pay his overdue installments on Saturday this week.

Esther    Mar 31, 2015

Dear lenders, I spoke to Peter yesterday and he said he has been unwell. He made some payment last week and will clear his arrears in a week's time. Thank you for your patience.

VM

Kerry Tiedeman    Mar 2, 2015

My name is Kerry Tiedeman and I am a Client Relationship Intern for Zidisha in Kenya. Normally I am staying in Nairobi, visiting with borrowers, but this week I went to the coastal city of Mombasa and that is where I met Peter, the owner of a hardware store in the town center.

I met Peter by way of his wife, who is also a member of Zidisha. I first visited her salon which is farther north of the city. During our visit, she told me that her husband was also a member and would like to meet me as well. Getting know families is always fun, especially when they are also borrowers, so after our meeting I hopped in a Matatu and headed town, where I met Peter at the central post office. Then we took a Tuk Tuk to his hardware store.

The hardware store, he shares with another entreprenuer who sells shoes. He has had the store for around four years. Before he was selling second hand clothes. Taxes became too high to sell second hand clothes, so Peter began this business venture. He took from his experience working for a man who had a hardware store years before. There he learned about the different types of supplies he would need as well as some plumbing skills. His best selling items currently at his store are plumbing elbows and piping. He says that plumbers will be hired by a landowner by a place where they all sit on the street in downtown. Then they will pass by his shop and pick up the necessary materials.

WIthout Zidisha, Peter says there is no way he would have this store. He has used the loans for supplies and hopes with the next loan he will be able to own a store that he won't have to share in the same area of the city. Peter uses the profits from his business to help out his mother and his family. His father passed away years ago and his mother who lives in Nakuru still depends on him for support.

When I was with Peter, Alice called several times to make sure I made it to his store alright and to invite me back to their home. I wasn't able to, but when Alice called it showed up as "1st Lady" in Peter's phone. I laughed and so did he, though it shows what a family man Peter is, and where is priorties are. In the rare free time he has, he likes to take his wife and daughter, Mary to Fort Jesus (a medieval fortress in town) and the beach. He hopes someday he will return to the countryside where he is from and purchase land.

It was a pleasure to meet Peter and like the incredible guy he is, he called me to make sure I made it back safely to my hostel. Check out the photos from our visit!

Esther    Dec 30, 2014

I spoke to Peter today and he said he will clear his arrears this week.

VM

Mwaura    Sep 1, 2014

I must say thank you to all lenders for making this happen. Special thanks to johnrmeier for giving this loan the final push. I have no words to express my happiness. May God Bless you.

Mwaura    Sep 1, 2014

Thanks stryker75 , mepster, Believe and all other lenders for the contribution. Special thanks to calvero for double bidding. Time is down to 21 hours. I am optimistic that shall the balance will be raised before the expiry time.

Mwaura    Aug 31, 2014

Dear lenders, the dreaded countdown to expiry is on. I have to keep checking after every few hours to see some positive movements. Please do not let this loan expire because I have come from so far. I know I can count on you once more.

Mwaura    Aug 28, 2014

Dear lenders, including those who lent me last time viz. ATMiller, hugh1 , stroll , dajawein, FloridaCandle and dlpringle - I invite you to lend me before time expires. I will not let you down when it comes to repayments.

Mwaura    Aug 25, 2014

Thank you so much goodwithoutgod. I am glad you have funded me for the second time. How I wish we had more lenders like you!

Mwaura    Aug 24, 2014

Dear lenders, Kindly fund my loan so that I can invest the money my project. Here below is my photo with my mentor when he visited me at my shop.

Mwaura    Aug 22, 2014

To DennisM, phoebius, JoeSolar and Joggele, BIG thanks from Kenya. Other lenders, please fund this loan.

Mwaura    Aug 20, 2014

Thank you tmarkus for opening the bids. Thanks Zidisha team for the matching bid.

Mwaura    Aug 13, 2014

I am about to clear my loan which I took in April this year. As I stated in my application, I used the money to buy paint which was in high demand at that time. This venture proved to be very successful and I have managed to repay the loan without struggling. What I liked most about this loan is the short time it took for the funds to be raised and the friendly interest rate.

I had always been apprehensive about taking loans due to the huge interest demanded by the lender and very short repayment period. Zidisha has made me change my attitude about loans. If I were to borrow this money from the local lenders, they would have demanded that I pay it back within a month and at a very high interest.

I am hoping to clear this amount soon and apply for another loan to expand my business even further. Once more, thank you lenders and Zidisha fraternity for your support.

Mwaura    Jun 25, 2014

Dear lenders, it’s my pleasure again to have this opportunity to thank you for what you did. my small hardware is doing fine and Great. The paints that i bought with your 150 dollars are fast moving. Thanks to this Microfinance organization for their support, God bless Zidisha for putting me to another level

Ndungu    Apr 27, 2014

Thanks Mwaura for your on time payment. Maintain your record at 100%.