Forum > Lender Questions > How does a loan expire when it's 100% funded? Forum Guidelines

  • Julie
    Free-attle, United States

    Dec 13, 2017

    www.zidisha.org/loan/office...

    The money was returned to me as an expired loan, yet it shows as 100% funded. What would cause this?


  • Volunteer Mentor
    Fitri Fauziyah Machmud
    Kota Surabaya, Indonesia

    Dec 14, 2017

    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.


    George Offei and Julie like this.
    • Volunteer Mentor
      Fardhul Kaherul Wathoni
      Denpasar, Indonesia

      Dec 15, 2017

      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     Show original

      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.


    • Volunteer Mentor
      George Offei
      Agona Swedru, Ghana

      Dec 15, 2017

      Well explained.



  • Julie
    Free-attle, United States

    Dec 14, 2017

    Okay, thank you. I will relend the money. Didn't want to do so if it was just a glitch.


  • Zidisha Volunteer
    dave2319
    United Kingdom

    Dec 14, 2017

    Hello Julie.
    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.

    • Volunteer Mentor
      George Offei
      Agona Swedru, Ghana

      Dec 15, 2017

      Good job done Dave. Keep it up



  • Zidisha Volunteer
    dave2319
    United Kingdom

    Dec 15, 2017

    Hello Julie.
    They looked into it but said the transaction history doesn't show any return of funds to you from that loan.


  • Gabriel Kagya
    Kumasi, Ghana

    Dec 19, 2017

    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.


    Hery Hartony likes this.

  • Volunteer Mentor
    Senkyire Osei Agyeman
    Nkoranza, Ghana

    Dec 20, 2017

    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



  • Alhassan Ajua
    Berekum-nsapor, Ghana

    Dec 20, 2017

    Thank you very much for the hard work done by the Zidisha team.



  • George Kihiu
    Mombasa, Kenya

    Dec 22, 2017

    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



  • Volunteer Mentor
    Fardhul Kaherul Wathoni
    Denpasar, Indonesia

    Dec 24, 2017

    Dear All Lender(s).
    Merry Chrismast and Happy New Year

    Translated by Google     Show original

    Dear All Lender(s).
    Merry Chrismast and Happy New Year



  • Emmy Jemeli
    Eldoret, Kenya

    Jan 22, 2018

    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.


    Julie likes this.

  • Feb 2, 2018

    Honestly Dave has been very instrumental only that my case was very challenging but I had accepted and is moving toward.
    Thanks brother Dave



  • Hillary Rono
    Kapsabet, Kenya

    Feb 2, 2018

    Satisfactory answer, thanks all for informing Julie



  • Volunteer Mentor
    Benard Kaoto
    Kakrigu, Kenya

    Feb 17, 2018

    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.


    Benard Kaoto likes this.

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