I kindly request the zidisha lender to finance me so that i may be able to buy seeds and purchase water for my trees nur...

nycjen    Jun 9, 2014

Hi Francis, can you please give us an update of how your business is doing?

hugh1    Feb 7, 2014

Hi Francis: I was happy to contribute to your last loan, and I am glad to help again with this 3rd one. Please try to make your repayments on time, because as Bayle and evinpa have explained, that way you will qualify for a larger loan next time. Your regular updates are greatly appreciated. Good luck.

• Francis    Feb 7, 2014

  Hugh,
  
  Thanks for your encouragement and support

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• Francis    Feb 26, 2014

  Dear Lender I paid my loan on time but I send to the wrong pay-bill we are sorting it out with Safaricom and I will forward the money as soon as the reversal is made.

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  • N

    nycjen    Feb 27, 2014

    Thank you for keeping us updated, Francis. I hope your business is going well! Hopefully the issue with Safaricom with get sorted out soon. Have a great day!

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evinpa    Jan 31, 2014

Dear Francis Mwangi,

As a lender to your loan, I have enjoyed lending to you and hope you will still participate with Zidisha.

I know Zidisha has made many changes to its loan limit progression rules over the past year. My impression is that it has been due to problems they have had with some people borrowing a large amount of money and not repaying anything. So they’ve made the new limits lower and the rules stricter as to what you need to do to progress to higher amounts.
Unfortunately this sometimes has resulted in a surprise and shock to a dedicated longtime borrower such as yourself.

I have emailed [email protected] on your behalf with your comment. They can look at your account, double check that the new limit is correct and explain what happened. They are all volunteers monitoring the emails so sometimes it can take a while for them to respond.

I wish you luck and hope that you will not be discouraged. You are doing good things in this world with your family, your business and your trees.

Evinpa

• Francis    Feb 1, 2014

  Thanks Evipas for you kind word and taking initiative to write to Zidisha, I hope they will take my issue and help me access the credit,

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  • evinpa    Feb 3, 2014

    Hello Francis Mwangi,
    
    You're welcome. I still have not heard anything back from my email to [email protected], but sometimes it can take several days since they are all volunteers.
    I know that one of the things they keep track of now is when the monthly payments are made. Now you must have the 95 % on-time rating to climb to a higher credit limit.
    I know it has affected many borrowers who have to start building up the limit again with the new structure. Just make sure you understand the new requirements so you can make sure you follow them to get to your higher credit limit again.
    
    I hope this helps,
    Evinpa

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Francis    Jan 30, 2014

Dear Zidisha,

I have been paying my loan on time, and I was late by one month, my loan last repayment was in 25 December 2013. I just wonder how my loan limit was refused by a very big margin and I paid all my loan on Jan 2014

• bconrad    Feb 5, 2014

  Dear Francis,
  
  Thank you for the comment and I apologize that it has taken us a few days to respond to you. The reason your credit limit has not progressed is because you have an on-time repayment rate of less than 95%. The way this is determined is by counting a) the number of installments you've paid and b) the number of installments you have paid on time. However, installments are considered only until the date that the loan is fully repaid. So, for example, although you paid your first loan on time and early on July 17th 2012, the number of installments that are counted in determining repayment rate are only March 2012- July 2012, and not March 2012- January 2013. The rest of your repayment rate was affected by a few late payments.
  
  As Evinpa mentioned, we have determined repayment rates this way in order to deter potentially fraudulent borrowers from taking a loan, paying in back quickly, then taking a loan of a higher amount and not paying the funds back. However, for borrowers such as yourself who repay early, this hurts your repayment rate because you are not credited with as many installments as someone who took out the same loan from March 2012-January 2013 and paid once a month, on time, each month. As we are continually adjusting our model, I would appreciate hearing your thoughts on how to potentially change this in the future.
  
  Thanks and please let me know if I was not clear on anything!
  Best,
  Bayle, Zidisha Team

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Francis    Jan 27, 2014

Dear lender I hope you are fine, my business is doing well and I was able to make some payment, I hope to clear the loan soon and apply for another loan to boost my business.

Francis    Dec 2, 2013

Dear lenders thanks very much for your support, I will not be able to make loan payment on time this month but am making arrangement to pay the whole amount before time.Regards

hugh1    Oct 5, 2013

Well done, Francis. Keep up your good work, and thank you for keeping in touch with us. Best wishes to you and your family.

Francis    Oct 5, 2013

thanks zidisha for the loan through your loan am able to feed my family and give the good life. My three sons are in school and working very hard because of you kindness. My elder son will be doing his exam this year and I hope he will join University this is all because of you kind support. I will make my loan repayment by the end of this month I am late because I had to pay for school fee

Francis    Sep 30, 2013

Hey leaders first is to thank you for funding my business.It is cool now the enviroment in my area has improved due to increesed trees in it. Thanx a lot

Francis    Jun 30, 2013

Greetings good pple.

Francis    Jun 30, 2013

Greetings good pple.

Francis    Jun 30, 2013

Greetings good pple.

Francis    Jun 30, 2013

Greetings good pple.

Francis    Jun 30, 2013

Greetings good pple.

Francis    May 25, 2013

Dear Lenders I hope you are okay, Me am okay but the business is a bit low, I will not managed to make my loan repayment on time, this time but I hope to clear the due balance by 15 of June 2013. Kindly bear with me for this few days.

Regards

• evinpa    May 25, 2013

  Dear Francis Mwangi,
  
  Thank you for your update. I appreciate your hard work in helping to conserve the environment in your business efforts. I wish you much success with this important goal. Continued good health to you and your family.
  
  Evinpa

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Francis    Apr 5, 2013

Zidisha thanks for updating my account

• Francis    Apr 19, 2013

  Dear lenders and Zidisha team, I making arrangement to pay the loan balance before the end of the month, kindly bear with me.

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Francis    Apr 3, 2013

Dear Zidisha I paid Ksh 4000 on 26/March 2013 and is not reflecting in my account kindly update.

Francis    Feb 18, 2013

Dear lender the business it low because of the forth coming general election in Kenya people are not willing to spend and this has really affected my business of transporting building materials and my dairy business is not good because of dry season. I hope the business will improve soon and our election will be peaceful.

Francis    Sep 25, 2012

Dear lenders I wish to reschedule my loan because a had many financial commitment in the month of September given that I paid a lot of money for my Children School fee. The cow I bought has not started giving me extra income but I hope in few month I will start selling milk. We will start harvesting maize very soon and I hope to offer transport services using my donkey to farmers from November and I will make enough many to start paying the loan.

Francis    Jul 25, 2012

Thanks Zidisha Team for sending the money on time