We are excited to announce that new members can now raise larger first loans using the new Recommendation Program.
This has been made possible because at the moment, we have extra funding to allocate to new projects beyond what is needed to fund repeat loans for existing members. The Recommendation Program is available for a limited time only, subject to the continued availability of extra funds.
The Recommendation Program draws on lessons learned from previous referral programs, combining what our members have most liked about the invite and guarantee programs in the past.
Under the current Recommendation Program, long-time members in good standing are able to issue one recommendation at a time to a trustworthy new member. If the recommendation is approved, the new member joins with a starting credit limit of between $100 and $500 currently.
Unlike the previous guarantee program, the recommender is not guaranteeing any loans and is not financially responsible for the recommended member's payments. The recommended member's repayment performance does not have any impact on the recommender's credit limit or ability to raise future loans.
Once the recommended member "graduates" by repaying a certain number of loans (currently five), the space frees up for the recommender to issue more recommendations to other new members.
The Recommendation Program is limited to members in good standing (repaying any outstanding loans on time) who have been with Zidisha for multiple months and have repaid at least five loans. If you are eligible to recommend new members, you will receive an email notification. You may also check your eligibility status in the new Recommend New Members page of your account.
I don't think is working because you said if the member has been in zidisha at least 3 month and make repayment 5 times the person will get recommended. But as at now I have not received recommended
This is what you are telling me.You are not eligible to recommend at this time. Mean while am in zidisha more than 3 month and make repayment 5 times. But still not received recommended so kindly check well
Please is not working because am qualified to receive recommended but I have not been given. You keep telling me you are not eligible this items. But am qualified.
I checked your account, and see that this is because you have recently had some installments that were not paid on time (the ones due March 10 and April 10). If you continue to repay this loan on time, you should gain eligibility to recommend.
Hi Comfort, in checking your account, I see that this is because not all recent installments were paid on time (specifically the one due March 3). If you continue to repay on time with the current loan, you should regain eligibility as the installments fall due and are paid.
Hi Julia please did you check well because am repayment is not yet due it will be due on 1 May so why are you saying I didn't make on time repayment I have 100% Repayment rate
Hi Comfort, I was referring to a payment due for your last loan. To qualify, recommenders must be in good standing including having made recently due payments on time.
I see that the first installment was due on March 3. This installment was not paid but then the whole loan was paid on March 10. The automated system that determines eligibility only considers recent installments that were due and whether they were paid on time. It does not count installments that have not yet fallen due.
Julia Kurnia Sterling, US Apr 15, 2022
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