Forum > Borrower Questions > Loan credit limit Forum Guidelines

  • Leah Kemuma
    Naisambu, Kenya

    Jan 25, 2018

    Hey my lenders, thanks once more for correcting my loaning widow. I was invited my Moses Orembe Ontuga who is a volunteer mentor. While I 'am applying for my loan at first i was able to apply KES. 2100.00 the while editing it becames KES,6.00. Kindly assist for one i was invited has mentioned above. Thanks once more. Leah Kemuma


    • Zidisha Volunteer
      Joost
      Noord Brabant, Netherlands

      Jan 25, 2018

      The last amount is correct. Please read the FAQ:
      www.zidisha.org/faq#faq-28


    • Zidisha Volunteer
      dave2319
      United Kingdom

      Jan 26, 2018

      Hello Leah.
      Further to the useful link Joost provided, I see in October you were able to create a loan application for 1,605 KES, but it was soon expired. Checking the support tickets, it looks like your account was declined at that time and has since been reactivated. Whether that influenced the fact you can only apply for 6 KES now I don't know, but we're regularly working on algorithms for assessing first-time borrowers' trustworthiness and calculating their credit limits, and I think there was also a technical problem around October that briefly gave some people too high a credit limit.
      As the FAQs say, all borrowers need to build up trustworthiness before being able to apply for larger loans.



  • Dorcas Achieng
    Mumias, Kenya

    Jan 25, 2018

    Am Dorcas Achieng when I first applied for my first I was given 5,181KES which means that this was my loan limit but I was informed that I was to be increased to 7,800KES but when I default for one week and trying to apply am being given only 1,300KES which am not willing to take because I see it as very unfair to me, Even if I defaulted it could reduce to 5,181KES.
    Please help and thanks in advace as you consider my case and predicament .



  • Zidisha Volunteer
    dave2319
    United Kingdom

    Jan 26, 2018

    Hello Dorcas.
    Credit limits for repeat loans are equal to the largest amount that's been repaid on-time, if no increase has been earned. (When no amount has been repaid on-time, the credit limit is set to equal the credit limit currently offered to first-time borrowers.)

    However, checking your account, it shows the amount repaid on-time from your first loan was 2,181 KES, so I've left a message asking why you can only apply for 1,300. I'll let you know when I've heard back.



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