Nicholas Munyua

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 am a businessman, runing a shop at mitimingi trading centre.

About My Business

my business deals with selling both consumable and non consumable goods. this includes food stuffs, farm inputs(fertilizers, seeds), farm tools(hoes, spades, axe), animal feeds. this business also include a boutique. the business is worth kshs 200000, and approximately makes a profit of kshs 15000 every month after paying all the bills and paying a salary of kshs 10000 to my employees. challenges in running the business are, counterfeit goods in the market but cost like the genuine good but of low quality, change of fashion, unpredictable change of foods stuff prices, high competation, poor infrastructure eg poor roads during rainy season leading to high cost of trasportion.

My Loan Proposal

The planting season is around the corner and this is the appropriate time to stock my small business with seeds(maize and beans), fertilizers and farm impliments like hoes and jembes. At this time the seeds are readily available as many people are waiting for the last minute rush. I would therefore like some little assistance in terms of finances so that i take advantage of the opportunity at hand. Any help accorded to me will be highly appreciated. I hope to make profit from the sale of stock because as of now, i can manage to fully stock my shop since the prices of goods is relatively cheap. Transport is also not a problem as the rains have not started so the roads are still passable. This makes it even the best time to purchase goods and stock my shop.

Feedback

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Date By Feedback Rating Comment Edit
Mar 26, 2013 davelowe100 Positive Excellent borrower!
Feb 11, 2013 LaBretonne Positive Very regular repayments. Well done!
Feb 11, 2013 Hope2012 Positive Repaid early thanks and bst wishes.
Feb 11, 2013 Ginoir Positive no complaints, happy to support again
Feb 09, 2013 Daniel Positive Excellent borrower. Thanks!
Feb 07, 2013 David2051 Positive Congratulations on another loan repaid! Best wishes!


Comments

 

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Crissr   Mar 26, 2014

Mr. Munyua,

I see you are the VM for Ms. Ruth Kerubo. She received a loan on Dec 13, 2013, and has not made a single repayment.

I have tried contacting her twice, but she has not responded. Could you please check up on her and see if there is a problem? Her lenders would like to know when she will restart repayments.

Thanks,
Cris

pentatonicscale   Mar 21, 2014

Could you please see how Hannah is doing?
https://www.zidisha.org/microfinance/loan/hannah-waithira/2023.html

Clivoss   Jan 30, 2014

Nicholas

You are the volunteer mentor for Ms Teresiah Watati/Wamunuyu. How is her business is going? She has not repaid any of the money loaned to her. Thank you for volunteering and good luck with your business.

Clivoss

Nicholas Munyua   Jan 29, 2014

May i thank the lenders and the entire zidisha team. I got the loan in good time and I have started replenishing my stocks. Rains are about to come. I intend to put the money into very good use and look forward to making sizeable profits. Ahsante Sana. I also pledge to repay the loan in good time.

Dear Nicholas,
How is your mentoring of Phoebe Nguyi going? So far, we have not received any updates nor repayments from her side.
Kind regards,
Tom

Hello Nicholas,
You are listed as the Volunteer Mentor for Pauline Nyambura.
Could you please check on her and make sure she is ok?
She received her loan in April and she has not made a single payment or has not made any contact with her lenders.
Thank you.
marvin

Nicholas Munyua   Mar 11, 2013

Hi to you my good lenders. Am so grateful and happy for your kindness. I got the loan and am planning tob make purchases by the end of the week. My pledge is to put the money into good use and hope to repay in good time. Long live Zidisha. Long live the lenders and long live the entire team




C

Nicholas Munyua   Feb 26, 2013

Hi David, am so grateful that you still stand by me. Thanks bro

Good luck with your business and new loan, Nicholas! I hope the loan is filled quickly. Is business going well for you?
Take care, David

July 14, 2012

Hello, my name is Traci Yoshiyama, Zidisha’s Kenya Client Relationship Manager. I am currently residing in Mugaa, visiting Zidisha borrowers in nearby villages.

A borrower’s profile captures a tiny portion of the life he or she lives, rarely painting an accurate picture of their hard work and perseverance. Nicholas Munyua describes himself above as a businessman in Miti Mingi, but having the opportunity to visit him today, I see he did not do himself justice. I meet Nicholas in front of his store, Munyua General Shop, but soon find out he also owns a boutique two doors down called A to Z Boutique. Among the various items stocked on his shelves, Nicholas is most proud of the grains he is able to sell, making a profit of 500,000 Ksh a year. This was made possible through his first Zidisha loan. He explains how Zidisha has allowed him to “elevate to another level”. Along with buying items for his stores, Nicholas was able to repair his vehicle with his second Zidisha loan. As essential to his business as the store itself, his truck allows him to transport his stock from the faraway cities of Nakuru and Nairobi.

Businesses aside, Mr. Munyua is also the deputy teacher (VP) at Elementita Primary School. This paying only 800 Ksh a month (less than $10), he also relies on his two-acre shamba. His shamba, situated next to his home, is ripe with pumpkins, bananas, oranges, potatoes, beans, maize, and much more. With a kindness that I am unable to express in words, he does not let me leave Miti Mingi without giving me a bag filled with oranges.

Also worth noting is his role as a father, for although I have met many fathers during my stay in Kenya, Mr. Munyua may be the proudest. As we sit in his living room and enjoy a steaming cup of tea, he reminisces over a stack of photos documenting birthday parties, school visitation days, and family get-togethers. As he tells me more about his eldest daughter, who now attends Jomo Kenyatta University of Science and Technology, he picks up his phone and calls her. Being as kind and personable as her father, Susan makes plans to meet me the next time I am in Nairobi.

Being poor as a child, Nicholas recounts the many instances where he went without food for as many as two days. He remembers promising himself that this would not be his fate or that of his family. With the help of loans and a man who knows what he is striving for, Mr. Munyua and his family have managed to own two blooming businesses, send all their children to boarding schools to get the best education, and build a new home equipped with all the modern conveniences. With all this determination, does it come as a surprise that this all started with a little kiosk selling mangoes and vegetables?

Congratulations on repaying your loan, Nicholas! :-)

Do you think it helped your business? Will you take a new loan? I would be happy to lend to you again!

Best wishes,
David :-)

Nicholas Munyua   Oct 26, 2011

Hi Julia, want to sincerely thank you for your continued support. All is well and the business is doing perfectly well though am experiencing cash crisis at the moment n that's why I av not been able to remit my monthly instalment but hopefully I will do it soon. The sales n proceeds of the period have been injected back to the business as stock but am expecting that the sales will be good. I shall then be able to submit my remittances. It's my hope that you are going to bear with me n give me a little more time. Thank you in advance.

admin   Oct 31, 2011

Dear Mr. Munyua,

Thank you very much for your message. In fact, with the installment that we received yesterday, you are fully up to date with your scheduled repayments. No further payments are due until November 10.

All of us at Zidisha wish you the best of luck with your business, and look forward to hearing from you again soon.

Kind regards,

Julia Kurnia

Director, Zidisha Inc.

Nicholas Munyua   Apr 04, 2011

hi julia.want to thank you and my good lenders for boosting my biashara[bussiness]. its doing well and i am making faida [profit]already.commenting on time is a challenge coz i live in rural and internet is not readily available.once again ahsante sana to all my lenders. i promise to do my best to pay my loan in good time.nice time and G od bless.

Hi Nicholas, I'm glad to hear your business is doing well. How do you access the internet? Do you have to travel for that, or use a cell phone? I live in the US "Midwest" along the Ohio River. We had a wet spring with high water and flooding on the Ohio and Mississippi rivers. I hope you get the right amount of rain!

Hi Nicholas,
great to hear that you are making profit.
Has the expected rain come in March?
I wish you all the best and hope that the weather is for the benefit of your business.
Best regards, Timo

Nicholas Munyua   Mar 01, 2011

Hi David, i have already stocked my business with the seeds and farm implements.The business is doing good but it has not yet rained but hopefully it will start raining by the mid March.

Nicholas Munyua   Feb 03, 2011

we hope it will be raining by feb 10, i wish to have stocked my business when seeds and fertlizers are still cheap and before the rains destroy our roads hence increase in transport cost and avoid many loses, i hope the delay is due to bank transfer (. thank you

Hi, Nicholas!

I was wondering how you are doing. Did you get your stock in? Is the weather good there?

I have enjoyed reading about Nakuru on wikipedia... It looks like it is beautiful there!

http://en.wikipedia.org/wiki/Nakuru
http://en.wikipedia.org/wiki/Lake_Nakuru

I hope you are doing well and business good.

Take care, David

Nicholas Munyua   Jan 31, 2011

i thank all zidisha lenders for their contribution, as soon as i recieve the money i will do the necessary by stocking my business fully, promise to pay your loan in time. here in kenya everything is good.

I wish you much success, Nicholas!

Nicholas Munyua   May 10, 2011

Hi David how have been? Am doing well and bussiness is doing well. By the wa
y where do u live? U seem. To like nakuru.

Nicholas Munyua   Jan 30, 2011

thanks so david.i really appreciate your concern and kindness.nakuru is very hot and dry. we are looking forward to coming of rain in march. God bless you.

Nicholas Munyua   Jan 28, 2011

thank you julia for solving the problem, i kindly now invite all lenders for bidding. gud day

Nicholas Munyua   Jan 27, 2011

i have noted an error in setting my maximum and minimum loan application, i guess the maximum loan should read USD 125 instead of USD 1.25.

Nicholas Munyua   Jan 25, 2011

i came to know learn about zidisha through the principal mugaa secondary school and noted that you can be of a great help to me, i kindly now request for the activation of my account. thank you in advance.

Nicholas Munyua

nakuru, Kenya

100% Repaid

About This Loan

Loan Principal Disbursed: USD 1,000.00
Date Disbursed: Mar 9, 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 41.51 (4.15%)
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 50.00 (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 91.51 (9.15%)

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.
266.680.00 %
arenk
(103)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.
35.212.00 %
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.
50.003.00 %
cyrus0302
(341)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.
200.005.00 %
winfried
(122)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 %
mrwooz
(5)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.
50.005.50 %
jroth977
(5)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.
20.006.00 %
Hope2012
(1,515)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.
25.006.00 %
Daniel
(501)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.
45.006.00 %
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.
10.006.93 %
Errol
(277)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.
10.006.95 %
LaBretonne
(98)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.
5.006.99 %
MiguelGago
(289)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.
100.007.00 %
peterczech
(13)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.
12.007.00 %
jbrotzman11
(13)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.
12.507.00 %
davelowe100
(198)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.
20.007.00 %
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.
3.687.00 %
Ginoir
(399)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.
100.007.00 %
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.
4.937.00 %

Repayment schedule


Repayments due as of Apr 20, 2014:  USD 0
Total repaid as of Apr 20, 2014:  USD 825
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 09, 201274.99May 10, 201274.99
Jun 09, 201274.99May 10, 20121.02
  Jun 09, 201273.96
Jul 09, 201274.99Jun 09, 20122.04
  Jul 08, 201272.95
Aug 09, 201274.99Jul 08, 20123.05
  Aug 09, 201271.93
Sep 09, 201274.99Aug 09, 20121.62
  Sep 10, 201273.37
Oct 09, 201274.99Sep 10, 20122.63
  Oct 08, 201272.35
Nov 09, 201274.99Oct 08, 20123.65
  Nov 08, 201271.34
Dec 09, 201274.99Nov 08, 20124.05
  Dec 09, 201270.93
Jan 09, 201374.99Dec 09, 20122.62
  Jan 08, 201372.37
Feb 09, 201374.99Jan 08, 201350.21
  Feb 03, 201324.77
Mar 09, 201374.99Feb 03, 201373.29
  Feb 04, 20131.71
Total Amount Due824.83Total Paid Amount824.85