Forum > Borrower Questions > I no longer understand my credit limit Forum Guidelines

  • Serah Obunga
    Nakuru, Kenya

    Feb 13, 2018

    Please help me understand my credit limit. Because last week I applied for a loan amounting to Kshs. 17242 by yesterday it was 44% funded and today it has gone to Kshs.14058 and it is now 72% funded. I had budgeted for Kshs.17242. Please could you let me know the problem. And can there be any consistency in credit limits on my profile to avoid inconveniences. Thank you

    • Joost
      Noord Brabant, Netherlands

      Feb 13, 2018

      You should check your “your credit limit” page. There you can find all the info about your credit limit.

      But I don’t understand why you think your credit limit changed. Because your current loan request is almost funded.

      At the moment you started your loan request it is converted to Dollars. Your lenders only see and pay the dollar amount. On the moment it’s fully funded it’s converted back to KSH and you receive that amount. So the amount could be changed because of inflation/deflation.

      More info:
      (Entrepreneur = Borrower)

      Duo Neka likes this.
    • Volunteer Mentor
      Asomah Frank
      Adansi Praso, Ghana

      Feb 14, 2018

      You're very fortunate.

  • Edwin Mmwacha
    Nairobi, Kenya

    Feb 14, 2018

    You are fortunate to get funding just analyse your account very well since the system is automated.

Please log in to comment.