leah muniu

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

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.

About My Business

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.

My Loan Proposal

I need to improve my farming skills to maximum yield by adding two extra dairy cows.

Feedback

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Date By Feedback Rating Comment Edit
Apr 03, 2013 Oxfall Positive Congratulations on repaying your loans!
Mar 30, 2013 David2051 Positive Congratulations on repaying your loans!
Mar 20, 2013 JeanSmith Positive I'm glad I was able to help Leah. I was pleased with her repayment of the loan.


Comments

 

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Hello Lenders,

My name is Vivien Barbier and I’m a client relationship interns for Zidisha in Kenya. Today, I had a meeting with Mrs Leah Muniu and she showed me the path to her maize and wheat fields.

I meet Mrs Muniu in Karunga village during a meeting organized by current Zidisha borrowers to present the organization to future members. I’m very grateful to her for coming to the meeting. She agreed to share her experience with Zidisha with others. I think that she made a better job that I did to convince others of the advantages of Zidisha. It was wonderful to see how much enthusiastic she was about Zidisha. She explained me that people like her never go to bank because of the high interests rates but also because of the collaterals that are required. She even told me: “I prefer to stay poor than to go to these banks”. She is also grateful to Zidisha because it has been for her an “eye opener” on the rest of the world. It pushes her to learn how to use computers and interact with people outside her community.

Mrs Muniu has inherited 5 hectares of lands for her parents and she is renting 3 hectares from another villager. In February, after having paid the school fees of her three children, she didn’t have money anymore to buy seeds for her fields. She was planning to rent her fields to other farms in order to earn at least a small profit.. But then, in March, she has received Zidisha’s loan and things changed. She was able to buy maize and wheat seeds for her 8 hectares. As you can see on the pictures, the crops have grown well since then. The harvest season should start in October and we calculated that her profit should be approximately 45 000 Shilling ($535) in only six month. This profit almost equals the amount of the loan she took. It shows that microcredit loans can be the nudges to start a sustainable activity that will then be able to finance itself. This is very encouraging for the future of Mrs Muniu business.

Regarding the future, Mrs Muniu hopes that she will be able to buy enough fertilizer for all her fields. This year she didn’t have the money to buy enough of it, so the yield of her fields is not optimal.

It was a real pleasure to spend a few hours in her company; she is a very smiling and lively person. She made me meet many other villagers and taught me a lot about Kenya. At the end of the meeting, she offered me a delicious Kenyan tea prepared with fresh milk from her own cow and fresh tea leafs.

Vivien BARBIER
11th August 2012
Nakuru, Kenya

Vivien, thank you for sharing this!

Vivien, thank you for sharing this!

Vivien,

Thank you for the informative description of Leah Muniu, her business and the impact Zidisha has had on her life. I am very happy that I was able to help her. I really loved the photos you attached. It is nice to see her and her beautiful property. Her fields look wonderful.

Jean Smith

leah muniu   Aug 11, 2012

happy to meet with one of you we had a wonderful meeting may god bless you now we want to go and visit the land where i have planted wheat and maize vivien enjoying our stay with him in karunga

leah muniu

nakuru, Kenya

100% Repaid

About This Loan

Loan Principal Disbursed: USD 600.00
Date Disbursed: Mar 2, 2012
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 12 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 10.85 (1.81%)
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 30.00 (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 40.85 (6.81%)

Funding

Lender Name Amount (USD) Interest
morgenstern
(1,239)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.
280.670.00 %
Oxfall
(234)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.
200.002.00 %
Delph007
(587)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.
20.005.00 %
David2051
(234)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.
30.005.00 %
JeanSmith
(18)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.
50.006.00 %
Anninymouse
(448)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.
3.337.00 %
drakekids
(133)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.
10.007.00 %
Aahz
(248)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.
6.007.00 %

Repayment schedule


Repayments due as of Apr 19, 2014:  USD 0
Total repaid as of Apr 19, 2014:  USD 360
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.
May 02, 201232.74May 01, 201232.74
Jun 02, 201232.74May 01, 20120.26
  Jun 01, 201232.48
Jul 02, 201232.74Jun 01, 20120.51
  Jul 01, 201232.23
Aug 02, 201232.74Jul 01, 20120.77
  Aug 03, 201231.97
Sep 02, 201232.74Aug 03, 20121.02
  Aug 30, 201231.72
Oct 02, 201232.74Aug 30, 20121.28
  Oct 01, 201231.46
Nov 02, 201232.74Oct 01, 201232.74
Dec 02, 201232.74Oct 01, 20121.80
  Nov 30, 201230.94
Jan 02, 201332.74Nov 30, 20122.06
  Jan 04, 201330.69
Feb 02, 201332.74Jan 04, 20132.31
  Feb 03, 201330.43
Mar 02, 201332.74Feb 03, 20132.57
  Mar 06, 201330.43
Total Amount Due360.18Total Paid Amount360.44