Charles Kwesi Addo
May 13, 2022
Kindly clarify to me how funding a project work. Affter the repayment of my loan, I contributed GHS 200 to refund a 'pay it forward' project. I want to Know how this extra which I contributed will be repay to me and how it will profit me. Thank you
May 13, 2022
Hi Charles, funding for Pay It Forward projects does not cost you anything and is not repaid to you. It is just an optional way that you can allocate the funds that you repaid to the community to projects that you choose yourself. If you don't choose any, then your repayments will be allocated to new projects automatically.
Please, then there's a mistake somewhere. The loan I was to repay was ghs88 which I duly paid. And at the same time paid, GHS 200
Kindly find the proof below.
May 14, 2022
Hi Charles, I think I understand that you mean the optional extra contribution to the community at the end of your loan. It is not repaid, but as a thank-you, we increase your next loan credit limit by the amount you paid (in your case 200 GHS) plus a small bonus amount from Zidisha. So to answer your question, it comes back to you in the form of a larger credit limit the next time you raise a project.
Milika Mwale likes this.
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