Forum > Borrower Questions > Invitation of Lenders by Borrowers
Hi Zidisha family and staff,
Being a Volunteer Mentor, I have received questions asking if a borrower can invite a friend or a relative to lend/fund his/her loan through Zidisha platform using the normal routine that lenders do.
The reasons for this, it is argued is that the world has become a global village and almost everyone has a friend or relative living nearby or abroad and would be willing to lend if they are certain that there is a structured way of doing so and getting their monies back.
In doing so, the system can create an Invitation To Lend option just like the way we have been inviting friends and relatives to join Zidisha.
Please let us debate this as a way of expanding the lending amount to enable as many loans to get funded.
If I understand you correctly then the following would be possible?
- I lend you 100$ because I like your story.
- you relend 50$ of this amount to another lender and keep 50$ or yourself. Now you are a borrower and a lender at the same time.
What happens if your borrower doesn’t repay you? Then you wouldn’t repay me. In my eyes this is a bad idea.
The other borrowers has his own loan request and if it’s a good one then that profile will (eventually) be chosen by lenders.
But if you mean that in a few years you have your own international empire (or just have enough to live your live) and you don’t need to be a borrower anymore then I like the idea that you become a lender and help other new borrowers.
I like the idea of “pay it forward”, which means the recipient of a favor does a favor for three others rather than paying the favor back. However, it needs to be a major favor that the recipient cannot complete themselves.
On the statics page www.zidisha.org/statistics you can see that there are lenders in 171 countries. So there must be lenders in your Country as well.
It appears you did not get me from the word go. What I meant, is that borrowers have friends or family locally and abroad - In the USA, Switzerland, German, Italy, England, UAE or any other place in this world.
Since you know some of them in person, you may want to invite them to be potential lenders for the Zidisha forum.
I'm saying this because there was a time, I was with a group of staff from the USA and they have never heard of Zidisha, all they know if giving donations and when I gave them a brief format of Zidisha they really loved the idea but had no clue about such a wonderful noble idea.
The main reason for this is to increase the lending base, which appears to be dwindling by the day if the events which have occurred in the recent months is anything to go by - by this I mean the number of loans expiring before been funded is much too high than before. I have been in Zidisha for nearly 4 years now and I can attest to his undesirable truth.
Hope you get me now.
As far as I know, it's only possible to be a lender if you live in a non-borrower country. Therefore, we probably can't really provide the option for borrowers to invite lenders because they would mostly try inviting people from their own country, such as Kenya, Indonesia etc.
If you know people in non-borrower countries, you would probably have to contact them privately to ask if they'd be interested in becoming a lender here.
I've read on the old Forum, at the beginning time of Zidisha, there were lenders invitation/ link that whenever lenders opening Zidisha account with that link, they will get about $5 or $10 that they can lend to any borrower they choose. I don't know does this thing still exist. From the old forum too, a borrower can be a lender too but Zidisha has closed that option. so Lenders only from non borrower country.
Why don't you give zidisha website link to your friend whose interested joining Zidisha as a lenders. they need to read the FAQ page thoroughly as zidisha already stated in the FAQ that Zidisha doesn't guarantee the payment of loan. and lenders exposed to a risk of fluctuating currency values.
Translated by Google
Yes, it's still possible for lenders to send invites and free lending credits to new lenders. It's currently $25 that they can give to any borrower, as long as funds are available, which I think they usually are.
This can be done by going to their Invite Friends page.
Thanks Dave , yes I saw that from Joost screenshot, the invite friend menu on his lender page on lender forum.
It is true many loans are being expired without fully funded.
Join us at
© 2009 - 2018 Zidisha, Inc. • Zidisha is a 501(c)(3) nonprofit • Terms and Privacy • Contact