Jun 10, 2021
Pay It Forward is a new funding concept in which the entrepreneurs reinvest in other member projects instead of repaying lenders.
Unlike our regular loans, Pay It Forward projects do not have risk fees. Instead, entrepreneurs who are financially able have the option of reinvesting an additional amount of their choice into the Pay It Forward community in return for credit limit increases.
Those who back Pay It Forward projects can track how their funds are reinvested in follow-on projects and watch the impact grow over time. You may learn more about how it works here: www.zidisha.org/pay-it-forw...
After a period of beta testing, we are now opening access to the Pay It Forward program to all members. Members in good standing who have repaid any loans taken now have the option of applying for a Pay It Forward project instead of a traditional loan. Lenders may view and fund Pay It Forward projects using the link at the top of the website.
Please note that since Pay It Forward is a new program, its policies are subject to change. We will monitor performance closely and adjust and improve its design as needed.
In the meantime, we have set up a dedicated forum for questions and comments about the Pay It Forward program: www.zidisha.org/forums/8. I encourage all members to check it out and share your thoughts.
David Waweru, Laurie, Makepeace-Boyle Family and Janet Boansi like this.
Jun 13, 2021
Update: we are currently allowing all members to raise Pay It Forward projects at the same credit limits they have earned for regular loans.
David Waweru and Christian Golo like this.
Christian Snr Ababio
Jun 14, 2021
This is a great initiative. Thanks for the continuous improvement at making the system better for us. Thanks Julia
Jun 16, 2021
Thank you very much for the great work you are doing, to make Zidisha effective and better.
To all borrowers in the Zidisha platform this is to us all to work hard and generously to protect the integrity of the Zidisha lending platform to make it work effectively, better and devoid of fraudulent persons.
To you lenders, can't thank you enough for your support.
Thank you all and God richly bless you.
Funmilayo Esther Jongbo
Jun 13, 2021
Brilliant idea. God bless you
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