Zidisha Forum

Forum Announcements

Subject	Messages	Last Message
Update to risk fee structure Starting this week, we are making two changes to the risk fee structure: 1) risk fees are reduced for most loans, and 2) risk fees for new loans is...	25	Jan 17
Credit risk payments Starting this week, new loans will be asked to make a 10% credit risk payment into the Members Loan Fund. Zidisha is a nonprofit organization, a...	93	Jan 17
Delay in processing December disbursements Many members in Kenya, Nigeria and Ghana have reported not receiving their loans which were funded in December. Others have received their loans, ...	17	Jan 16
Credit risk payments are refundable to borrowers Based on feedback from lenders and borrowers, we have opted to make the required credit risk payments refundable to borrowers, in the same way that...	58	Jan 12
Interruption in repayment crediting now fixed Many payments made over the last three days failed to be credited immediately due to a technical error in our website. The error has now been fixe...	2	Jan 9
Fundraising period now starts after loans pass staff review Starting today, the fundraising period of fourteen days does not start until after a loan has been successfully reviewed by our team. This is ...	37	Jan 8
Temporary outage of loan acceptance form in Ghana Our payment service provider in Ghana has changed the bank account information that we need to collect in order to disburse loans. This change is ...	46	Jan 7
Technical error causing borrower account declines A technical error has caused some borrower accounts to be incorrectly declined over the past three days. Please accept my sincere apologies for th...	54	Jan 6
Mpesa service outage We have received reports that our members in Kenya have been unable to send payments to our Bill Pay today. We are working with Mpesa to resolve t...	30	Jan 4
Wait-listed loans As the volume of loan applications continues to grow faster than the supply of lending capital, we have begun wait-listing some loan applications. ...	56	Oct 5
Why loan applications may not be funded immediately Zidisha is not a bank, but a marketplace that brings together lenders and borrowers who wish to raise loans. Sometimes there is more lending c...	55	Sep 25
Delay in posting Ghana payments We are experiencing a delay in posting repayments and sending disbursements in Ghana, due to a technical change MTN has made to their payment platf...	87	Aug 30
Duration limitation for reducing installments When installment amounts are reduced, the reduced installment amount now applies to a limited number of installments rather than for all installmen...	24	Aug 7
Indonesia disbursement banks / Bank pencairan pinjaman Previously, loan disbursements could only be sent to BCA bank accounts in Indonesia. We are now able to disburse loans to any of the following ban...	16	Jul 10
Optional MLF payments replaced with credit risk payments Now that new loans carry required credit risk payments into the Members Loan Fund (https://www.zidisha.org/forum-thread/1629), most new loan applic...	29	Jun 7
Temporary reduction in lending capital Lending from Zidisha-managed donation accounts is currently reduced due to the discovery of technical errors which had allowed lending to exceed av...	65	May 8
Borrowers can now accept partially funded loans Up until now, loan applications that were only partially funded by the fundraising deadline have been expired. Starting today, borrowers have the ...	51	Apr 24
Forum moving to Zidisha website Starting this week, the Forum will be moving to within the Zidisha website: https://www.zidisha.org/forums. We believe the new forum will bett...	42	Jan 23
Indonesia repayment service (Rekening virtual di Indonesia) Our payment service provider in Indonesia, Xendit, has just informed us that BCA bank is no longer able to provide the virtual account service that...	30	Dec 30, 2017