Clothes and Makeup Stock

Careen    Jun 25, 2022

It was just about the time l had a new baby in the house. My business had gone down l couldn't travel but it helped to elevate my business. Thank you

Careen    Nov 2, 2018

hello,
my apologies for taking this long to settle the balance. those where never my intention and thank you for your patience.
however l would like to continue with paying back k50 every Saturday beginning tomorrow 3rd November 2018 and continue every week until the whole amount is fully settled, l beg your understanding for it has not been easy for me and I don't want to have a bad reputation.
thamk you and l look forward to hearing from you

Shamasamu    Aug 25, 2017

Dear lenders
Careen's business is slow, she promised to get back on track once it picks up
Regards
Shamasamu

Careen    Dec 16, 2016

Hello,
How are you.
I have a question concerning one of my recruits, Dudah Simumba. She requested for a loan but the condition following the leading are not clear hence me asking this question, let me quote what her condition of leading states:-

Since you were invited by a Zidisha member in good standing, you can borrow up to 195 ZMW for your first loan. This includes our standard 5% service fee and a one-time only membership fee of 0% of your first loan amount.

Would you like a larger loan? If so, we request that you establish trustworthiness through a one-time Members Loan Fund payment equal to the difference of your pre-approved amount (195 ZMW) and your desired amount. You will still receive 195 ZMW, but once you repay the full amount of your requested loan including the Members Loan Fund payment, your loans will reflect the full increased credit limit without the Members Loan Fund deduction.

Please choose a first loan and one-time deduction amount.

please enlighten me as she wishes to borrow some funds and she is scared if she accept the condition stated herein she will be held responsible. please advice me on what to tell her.

Thank you
Careen

• Matt B    Dec 16, 2016

  Hi Careen.
  
  It can be a bit complicated. Ideally, you should forward your query to the zidisha team:
  [email protected]
  
  Or you can ask at the forum:
  forum.zidisha.org/
  
  As best as I understand it - if your friend takes a loan of up to 195 ZMW for her first loan, then she should only be asked to repay 195 + 5% service fee (= 204.75 ZMW).
  
  Because your friend has had an invite from you, she is allowed to increase her credit amount for the first loan. However in this case she would be asked to deposit into the members loan fund an amount equal to the difference between her loan and the 195 original limit. So if she wanted to borrow 400, she would actually only receive 195, but then have the difference (400-195 = 205) put into a "members loan fund". But she would still need to repay the full 400 (+5% fee) = 420. This might seem a strange approach but it would mean that on the next loan she could again borrow a full 400, and the extra 205 she had already paid into the members loan fund would already be there, so she'd receive the 400 and repay 400+5% fee = 420 for her second loan. When she has finished with Zidisha, if she has repayed all her loans off, then she can take the 205 from the members loan fund back out. If she is unable to make repayments on any of her loans, then Zidisha will allow lenders to recoup some of their loan out of that 205 fund.
  
  I suppose the key thing is that if she already has (in this case) 205 to use as collateral, then she could take the higher 400 loan option, and use her existing 205 to help her repay. She can then take full 400 loans thereafter, leaving her 205 as collateral until she has finished with Zidisha.
  
  However if she is short on funds, and can't really afford to make a significant payment into the members loan fund, then she may be better off taking the lower credit limit and perhaps that would appear to be a simpler loan arrangement for her to understand.
  
  Hope that all makes sense.
  
  As I say, you really ought to send your query to the Zidisha team (via email or the forum) for a full response.
  
  Regards
  
  Matt

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  • Careen    Dec 19, 2016

    Hello,
    Thanks for your reply. I will do just as asked I will email for further in queries.
    
    Careen

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Careen    Dec 2, 2016

my business has become very slow and people are not paying me on time and as you know chickens take 6 weeks to be ready so at the moment l can only afford to pay K 50 weekly.

Careen    Nov 21, 2016

Hello,
Just wanted to say the business is going very well and I will try and attach some photo of the clothes

• Matt B    Nov 21, 2016

  That's great to hear!

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Careen    Oct 17, 2016

Hello,
Please kindly check for payment made on the 14th October 2016, transaction ID 89668532.

Thank You

• Matt B    Oct 17, 2016

  Hi Careen - sometimes the payments can take a few days to be updated on the website.
  These discussion pages are not monitored for questions by the Zidisha staff. So if you want to contact the Zidisha team you should email them at:
  [email protected]
  
  All the best. Matt.

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  • Careen    Oct 19, 2016

    Hello Matt,
    Thank you for the information provided above, l kept on checking if the payment was received and it showed no payment on my dash. Thank you l received the notification yesterday.
    Good Day

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Careen    Oct 10, 2016

Thank you Matt, l have already invested the money the same day it arrived and am just waiting on the goods to arrive, much appreciated

Matt B    Oct 7, 2016

Good luck with your business.

Pierfausto    Oct 6, 2016

Thanks for your reply. I wish you may tell me how your project is moving on. Many thanks.
[email protected]

• Careen    Oct 10, 2016

  Hello,
  
  My project is right on time, and the funds arrived just right when l needed them, Thank you.

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Careen    Oct 6, 2016

Dear Pierfausto,

Thank you for your response and your help. Hope we really do become friends.

Good day

Pierfausto    Oct 5, 2016

Dear Careen I provide to complete fully your loan. I hope we mai become friends. Let me know.