Forum > Borrower Questions > Don't give up hope, projects DO get funded Forum Guidelines

  • Joshi
    United States

    Feb 5, 2018

    Moderators,
    my post appears below. Here is short background why I wrote it. Will help you decide whether to publish or retract.
    Last week I contributed $8 to Jeantrix. She posted messages about how crucial the loan is for her. I contributed $41 more yesterday as it was still short by $141. Since yesterday, have been watching the loan repeatedly and found just now that it was short by just $4. I added that amount and she is on the way! The joy I feel to have helped someone is beyond words. At the same time, I understand the utter despair she would have felt if the loan went unfulfilled. There are others who are experiencing such despair. The post below is to let them know that its not always bleak. There are success stories here and there. But dont want to give them false hopes. Publish it if you feel it will help them. If you choose not to, I understand.
    - Joshi
    ----------------------------------------------------------------------------------------
    Dear Borrowers,
    I see a lot of messages here about unfunded loans. That seems to happen too often. I dont want to give you false hopes but do want to tell you that loans DO get funded. But just as there are instances of projects not being fully funded, let me tell you that projects are getting funded too. So as hard as it feels to see a project get expired without funding, do reapply and hope for the best.

    I can imagine the hardships that you face and do not take the opportunity to help out lightly. But I do not have infinite resources and have to pick and choose between projects when I am able to contribute. It is not easy either. I too feel disappointed to find that a project did not get enough support. At times, I have watched a project right till last hours to make sure it did not fall short by just a small amount that I could have contributed.

    Help me (and other lenders) help you;
    - Communicate communicate communicate. Zidisha is different in many ways from other such organizations. Main distinguishing feature being ability to have a direct communication between lenders and borrowers.
    - Do your best to pay in time. A loan paid back in time is the single best thing you can do to increase your chances of subsequent loan being funded
    - Plans do not always work out. We know it too. If you cannot repay in time, do tell us about your challenges. And remember, late payment is better than no payment.

    Once again, I dont want to give you false hopes. There WILL be projects that do not get fully funded. You WILL end up applying repeatedly only to find the project didnt get funded. But during all this, keep in mind that projects ARE getting funded. So dont give up. Wish you all the best....

    • Martin Kimani Mwangi
      Bahati, Nakuru, Kenya

      Feb 6, 2018

      Hi Joshi,
      Thank you very much for your wonderful encouragements to some very needy borrowers. Your words impart hope in borrowers amidst what may seem as uncertainties. It builds sense of optimism and hope. Kudos!
      Best Regards,
      Martin


      Su Rono likes this.
    • Zidisha Volunteer
      Joost
      Noord Brabant, Netherlands

      Feb 6, 2018

      Thank you for this great post. I also want to add something.
      - Please try to make your loan profile as attractive as possible. You can use the tips on this page. www.zidisha.org/feature-cri...

    • Volunteer Mentor
      Nathan Mureithi
      Eldoret Kenya, Kenya

      Feb 6, 2018

      Thank you very much for that encouragement. I will continually tell that to my invitee whom is in her third application. This is the big word "keep waiting and knowing that projects are being funded and yours might be almost to be funded. ".thank you for being so kind.


      Su Rono likes this.
    • Volunteer Mentor
      John Thiaro
      Nakuru, Kenya

      Feb 6, 2018

      So inspiring to know there are lenders out there who care for the less fortunate and who are trying to better their lives by genuinely borrowing. I wish to thank you Joshi and other like-minded lenders for the good work that you are doing!

      To my fellow borrowers, please be repaying all your loans on time; there are no 2 ways about it.

      John.


      Su Rono and Joost like this.
    • Julie
      Free-attle, United States

      Feb 7, 2018

      Thank you for such a wonderful post, Joshi. It is sometimes difficult to see borrowers go unfunded. We (lenders) are mostly just normal people wanting to lend a helping hand. It cannot be expressed so strongly enough to communicate. Things happen. For those borrowers who find themselves needing to scale back on their payment amounts, we understand. It's better to pay back smaller amounts on time rather than default or pay late the larger amounts. Tell us. Defaulting or paying late reflects not only on your, but your countrymen as well.

    • Mimin Munawaroh
      Cilacap, Indonesia

      Feb 9, 2018

      very great post Joshi, thank you for your help is very meaningful to us as borrowers include me.
      wish you all the best too....

      Translated by Google     Show original

      very great post Joshi, thank you for your help is very meaningful to us as borrowers include me.
      wish you all the best too....


      Joost likes this.

  • Edwin Mmwacha
    Nairobi, Kenya

    Feb 6, 2018

    Its nice to find a person like you who has the platform's interest at heart. We continue with the patience as we know our journey in Zidisha and our businesses are bound to grow.


    Su Rono likes this.

  • Volunteer Mentor
    Fitri Fauziyah Machmud
    Kota Surabaya, Indonesia

    Feb 6, 2018

    Thank you so much Joshi for your motivation. I hope it will recharge others spirit.

    Translated by Google     Show original

    Thank you so much Joshi for your motivation. I hope it will recharge others spirit.


    George Offei likes this.

  • Jeantrix Imbova
    Alung'oli, Kenya

    Feb 6, 2018

    It true,he really motivated me. This was my third application. The first I had done on December 26 without any success. January was a very difficult month for me. I had imagined that paying off my loan faster would place me in better position. It would have enabled me get another one faster in January .I had made a wrong bet. I kept waiting, sometimes I had a slight headache. I regained hope when this lender actually promised that although he didn't have funds, he was going to save and ensure my loan is fully funded.
    Sometimes its heartbreaking when you finish repaying a loan and you ask another one but you don't get,but your project is not complete. I know you can't believe it,but can you imagine I have never secured a loan from any other entity a part from Zidisha?
    Joining Zidisha had opened a tunnel in a mountain for some of us. I just plead with lenders to continue with this noble project since to some,it is the only source of hope.


  • Oppong Garred
    Berekum, Ghana

    Feb 6, 2018

    Thanks Joshi for your help l know one day day it will be my day.thanks


    Su Rono likes this.

  • Joseph Saaquah
    Accra, Ghana

    Feb 6, 2018

    Thank you very much, No matter what happens, the faith and believe I had in zidisha from the beginning would always remain the same. I do sincerely appreciate the support from day one.
    I believe and have faith in the lenders on this platform that my current loan would be funded soon.
    Thank you once again dear Joshi.


    Su Rono likes this.

  • Volunteer Mentor
    Monica Wairimu
    Thika, Kenya

    Feb 6, 2018

    I do hope all will be well.
    Applied thrice and it's tough at times when you just prepared your mind to carry on with the plans intended for.


    Su Rono likes this.

  • Edwin Mmwacha
    Nairobi, Kenya

    Feb 6, 2018

    Remarkable statement Jeantrix its sad that serious borrowers often pay up hoping to get the next help almost sooner only to be discouraged but we always keep hope alive.


    Su Rono likes this.

  • Volunteer Mentor
    Alex Tsuma
    Mombasa, Kenya

    Feb 7, 2018

    This is fantastic Joshi, it teaches us never to give up in life.. Be blessed brother.


    Su Rono likes this.

  • Volunteer Mentor
    Asomah Frank
    Adansi Praso, Ghana

    Feb 7, 2018

    Sometimes I begin to wonder what some of us will do if Zidisha leaves our loans continuously unfunded.I say this not because I don't have hope but because of persistent decline in loan application.
    There are so many microfinances in Ghana where only government workers and well recognized businesses can borrow with almost more than 50% interest rate.
    Some of us can't go for such cut throat loans even if we qualify.
    The terms of payment are also not favourable.So at end you may collapse your business.
    I'll therefore plead on lenders to come to our aid at least some of us who have been paying and with good standing with Zidisha.
    I applied for a loan last week,visited my dashboard today and it still in waiting list.
    Long live Zidisha!!!!!


    Su Rono likes this.

  • Joseph Saaquah
    Accra, Ghana

    Feb 9, 2018

    Loan about to expire, the hope is still strong. I would reapply.
    We plead with lenders not to forsake us,we need you now more than ever.
    Long live zidisha. More happiness to every individual in the world.


    Joost likes this.

  • Feb 11, 2018

    Wonderful post.l have applied for many times and still hoping that my loan will get funding. Thank you for your word of encouragement.



  • Edwin Mmwacha
    Nairobi, Kenya

    Feb 11, 2018

    Am happy to see the projects on the project page are decreasing this could only mean that more loans are getting funded good news.



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