dorcas wambui

About Zidisha Profiles Zidisha entrepreneurs write their own loan profiles and provide their own photos. English is not usually their first language, and many had to overcome great obstacles to obtain an education. Additionally, many do not have cameras and own only a small number of personal photos. As a result, the profiles are not always as polished as on other websites. To keep profiles genuine, Zidisha staff do not make any edits, with the exception of titles for clarity and English translations.

My Story

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.

About 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.

My Loan Proposal

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

Feedback

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Date By Feedback Rating Comment Edit
Sep 11, 2013 MaxEmerika Positive We're impressed with how fast you've repaid your loan and would gladly lend to you again!


Comments

 

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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!

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!

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

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

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.

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

dorcas wambui

kiptangwanyi, Kenya

100% Repaid

About This Loan

Loan Principal Disbursed: USD 919.37
Date Disbursed: Apr 24, 2012
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 18 months
Total Interest Due to Lenders: This is the annual interest rate proposed by the borrower. Lenders may bid to finance the loan at the borrower’s proposed interest rate, or at a lower rate if they desire. If more bids are received than the amount needed to fund the loan, the borrower will accept the bids with the lowest proposed interest rates.

All interest rates displayed on the Zidisha website are expressed as flat percentages of loan principal per year the loan is held. For example, for a loan of USD 100, taken at 4% annual interest with a repayment period of six months, the total interest amount will be USD 100 * 4% * (6 months / 12 months) = $2.

The expression of interest rates as flat percentages of loan principal amounts is intended to make calculation of interest amounts more intuitive for borrowers and for lenders, and to facilitate comparison with other microfinance loans in borrowers' communities, the majority of which also use the flat rate methodology to express interest rates.
USD 69.68 (5.05%)
Borrower Transaction Fees: A transaction fee paid to Zidisha, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 68.95 (5.00%)
Total Amount (Including Interest and Transaction Fee) to be Repaid: Interest plus transaction fees, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 138.64 (10.05%)

Funding

Lender Name Amount (USD) Interest
jkurnia
(3,279)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
1.000.00 %
Honey
(173)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.000.00 %
Snick
(218)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
20.002.00 %
MaxEmerika
Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
599.175.00 %
Philippe
(1,880)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
250.005.50 %
EricDamonWalters
(520)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
9.195.94 %
Eliduc
(146)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
30.006.00 %

Repayment schedule


Repayments due as of Apr 24, 2014:  USD 0
Total repaid as of Apr 24, 2014:  USD 1,059
Date Due Amount Due Date Paid Paid Amount The Paid Amounts displayed here are the local currency amounts received, converted to US Dollars at the exchange rate that was effective at the time the loan was disbursed. The amounts credited to individual lenders are converted to US Dollars at the exchange rate that was effective at the time each repayment was received, and due to exchange rate fluctuations they may be more or less than the amounts displayed here.
Jun 24, 201262.24Jun 22, 201262.23
  Jul 03, 20120.00
Jul 24, 201262.24Jul 03, 201215.89
  Jun 25, 201215.65
  Jul 10, 201215.90
  Jul 16, 201214.80
Aug 24, 201262.24Jul 16, 20121.10
  Jul 22, 201215.89
  Jul 31, 201215.90
  Aug 07, 201215.89
  Aug 13, 201213.46
Sep 24, 201262.24Aug 13, 20122.45
  Aug 21, 201215.89
  Aug 29, 201215.90
  Sep 04, 201215.89
  Sep 17, 201212.11
Oct 24, 201262.24Sep 17, 201219.69
  Sep 25, 201215.89
  Oct 04, 201215.90
  Oct 11, 201210.75
Nov 24, 201262.24Oct 11, 20125.14
  Oct 24, 201215.89
  Oct 31, 201215.90
  Nov 07, 201215.89
  Nov 14, 20129.41
Dec 24, 201262.24Nov 14, 20126.49
  Nov 21, 201215.89
  Nov 27, 201215.90
  Dec 04, 201215.89
  Dec 14, 20128.07
Jan 24, 201362.24Dec 14, 20127.84
  Dec 18, 201215.89
  Dec 28, 201215.90
  Jan 01, 201315.89
  Jan 09, 20136.72
Feb 24, 201362.24Jan 09, 20139.19
  Jan 18, 201315.89
  Jan 23, 201315.90
  Jan 30, 201315.89
  Feb 06, 20135.37
Mar 24, 201362.24Feb 06, 201310.53
  Feb 14, 201315.89
  Feb 22, 201315.90
  Mar 05, 201315.89
  Mar 14, 20134.02
Apr 24, 201362.24Mar 14, 201311.88
  Mar 20, 201312.22
  Mar 28, 201317.12
  Apr 04, 201317.11
  Apr 10, 20133.90
May 24, 201362.24Apr 10, 201313.23
  Apr 16, 201317.11
  Apr 27, 201317.12
  May 02, 201314.77
Jun 24, 201362.24May 02, 20133.57
  May 10, 201312.22
  May 15, 201317.12
  May 22, 201318.34
  May 31, 201310.98
Jul 24, 201362.24May 31, 20134.92
  Jun 06, 201314.67
  Jun 11, 201317.12
  Jun 25, 201318.34
  Jul 10, 20137.19
Aug 24, 201362.24Jul 10, 201311.16
  Jul 11, 201317.11
  Jul 23, 201315.90
  Aug 01, 201318.06
Sep 24, 201362.24Aug 01, 201312.51
  Aug 08, 201317.11
  Aug 12, 201317.12
  Aug 20, 201315.49
Oct 24, 201362.24Aug 20, 20131.63
  Aug 30, 201317.11
  Sep 07, 201324.46
  Sep 10, 201319.56
Total Amount Due1,058.01Total Paid Amount1,058.53