Forum > Borrower Questions > enquiry Forum Guidelines

  • Philip Mwambura
    Mombasa, Kenya

    Feb 26, 2018

    hello how do i save in the membership loan fund?


    • Joost
      Noord Brabant, Netherlands

      Feb 27, 2018

      During your new loan request phase there is an option to put a part of this loan into the MLF.
      More info about this can be found on the Borrowers FAQ:
      www.zidisha.org/faq#borrowe...


      Fitri Fauziyah likes this.
    • Country Liaison
      Laurie
      United States

      Feb 27, 2018

      It is not a "savings account", though.

      Please read:
      www.zidisha.org/forum-threa... (thread 1295, comment 4428)
      and:
      www.zidisha.org/forum-threa... (thread 1310, comment 4489)

      If you take the time to read all of the information at those two posts, it clarifies for you several points about Zidisha that many other borrowers have asked about in the past, including but not limited to all of the following:

      (a) what the three fees at Zidisha are called (one is not a called "membership loan fund"; it is called the "Members Loan Fund" [the "MLF"], which used to be called the "Loan-Loss Reserve Fund" [the "LLRF"], which I think more accurately describes its purpose);

      (b) what the three fees are for;

      (c) which one (1) of the three fees is charged only once;

      (d) which one (1) of the three fees is charged once *overall* and what that means;

      (e) which one (1) of the three fees is charged on *every* loan;

      (f) which two of the three fees are not refundable; and

      (g) which one of the three fees is refundable.


      Fitri Fauziyah likes this.
      • Country Liaison
        Laurie
        United States

        Mar 1, 2018

        *Edited*



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