Forum > Lender Questions > How does a loan expire when it's 100% funded?
The money was returned to me as an expired loan, yet it shows as 100% funded. What would cause this?
The borrower probably had not accepted the loan. This events normally happen. Would like to ask please will you be so kind to fund mine I will really appreciate.
No acceptance of loan within three days.
1. When a borrower loan get funded 100%. They have till the last day of loan fundraising to accept the loan. If they don't accept it till the last day, the loan will be expired and zidisha sending back the money to the lenders.
2. When borrower accept the loan, they have a week time to get the money, (last times I Knew is a week time). Sometimes there were troubles when zidisha try to disburse the loan, such as wrong MTN number/ MTN non active, Trouble with the service provider in the borrower place that made zidisha take more then a week to disburse the loan.
In order not to reduce my respect how we can see the right forum to answer, because technically the lender of the borrower must be different.and I include you are the LENDER.to avoid mistakes give answers, not me doubt you.
Translated by Google
Untuk tidak mengurangi rasa hormat saya alangkah kita bisa melihat forum yang tepat untuk menjawab,karena secara teknis permasalah pemberi pinjaman peminjam pasti beda.dan saya termasuk anda adalah PEMINJAM.untuk menghindari kesalahan memberi jawaban,bukan saya meragukan anda.
Okay, thank you. I will relend the money. Didn't want to do so if it was just a glitch.
Very good heart sister Julie
God bless you for suce a noble heart.May you be bless
I've checked his account, and his dashboard's asking him to upload a copy of his ID. This is a new security measure we've recently added where ID verification's now required when a borrower's credit limit reaches a certain amount.
His loan is still 'Open' so I don't think the funds should have been returned. I've therefore asked our Technical Team to look into this. Thanks for letting us know.
Good job done Dave. Keep it up
They looked into it but said the transaction history doesn't show any return of funds to you from that loan.
Nice of you Dave2319
I think Zidisha need more technical people to help the system so that all will be well any thanks to the technician for their effort keep it up and improve more.
Dave2319 my problem is that my first loan got expired and I propose another one is left with 9days to expire but still not funded )0%.I am a vm too since 2016 with a 100% repayment record.I don't know why my loan is not funded.my loan proposal is not even at the project list
Thank you very much for the hard work done by the Zidisha team.
Dave you are doing a wonderful job your timely and exhaustive response are making us have faith in Zidisha,though the. Loan fundings is taking too long these days
Dear All Lender(s).
Merry Chrismast and Happy New Year
Thank you very much my lenders, I am very excited on how you handle situations, but I may like to advice you that, concern with those people who repay their loan on time, they should be the first one to be lended the money.
Honestly Dave has been very instrumental only that my case was very challenging but I had accepted and is moving toward.
Thanks brother Dave
Satisfactory answer, thanks all for informing Julie
Very good, the organization are really trying, thanks to lenders as well. Kindly I would like to request a that in the event that loan expires not fully funded, i suggest that the already percentage of amount that has been sent should be given or sent to the borrower instead of starting a fresh, at least to start him or her off the project.
That has recently made possible.
A borrower is now able to accept a partially funded loan.
I thank Zidisha and it's lenders very much for supporting businesses across the globe. But the issue is, try and make your system a little bit faster in order to facilitate lenders to fund loans earlier.
Another thing is that, volunteer mentors are now required to verify and recommended the loan disbursement of borrowers under them. I have done it twice as a zidisha volunteer mentor. You are required to call the person or any of his witnesses to verify his credibility before recommending whether or not zidisha should advance any loan to him.
That may also be what happened to your borrower.
Thank you very much Julie and your fellow lenders for you kind support.
i am not able to complete loan application process. the message im getting from dashboard is "We're sorry, your loan application was not approved. You are welcome to try again later with a new application." but im not able to apply another loan. what can i do? thanks in advance
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