Purchase of more stock

Deryl    Apr 20, 2019

i called Salome but she did not pick up her phone so i spoke with another family member who told me that Salome was unable to pay because she lost her job but promised to talk to encourage her to continue paying back her loan.

Margaret    Apr 13, 2019

Hi Salome,
In regards to your question regarding the credit risk fee, it is refundable once you pay off your loan. Regards, Margaret

• Lotus Flower    Apr 13, 2019

  Hi, Salome and Margaret.
  
  The credit-risk fee is refundable only if the loan
  was taken out prior to the 16th of December, 2018.
  
  Please see: www.zidisha.org/forum-threa... [forum-thread/1865]
  and: www.zidisha.org/forum-threa... [forum-thread/4224]

  Log in to reply • Share

Margaret    Jan 12, 2019

Hi Salome,
The credit risk fee is to protect lenders from borrowers who do not pay. This is unfortunately necessary because there are borrowers who make no effort to repay.. Please do not use this as an excuse not to pay. You have had 7 loans from Zidisha and this last one is $250.73 which is a substantial amount, therefore you should make an effort to pay it back. Since you borrowed from Zidisha in the past I am sure you understood this. Lenders put their faith in you to help you, please do not disappoint them all, please make an effort to pay back your loan. You can adjust your payments by logging into your account, lenders understand that business can be unpredictable so they are not offended when you change your schedule, it is important to make small payments rather than none at all.
Margaret

• Salome    Jan 29, 2019

  So my credit risk fee is due to those who dont pay their loan. U mean have of the money u loan me goes to pay debts

  Log in to reply • Share

  • M

    Margaret    Feb 20, 2019

    The credit risk is to cover the loan that you do not repay. As an example you borrowed $250.73, you don't pay it back. Lenders get discouraged because they get $0 returned. Then they stop lending because the idea behind Zidisha is to help people grow their business through loans, not free gifts. If everyone didn't pay there would be no Zidisha. So the credit risk is to prevent this. Please make an effort to repay your loan. You did after all, borrow the money in the first place. Please don't throw away the opportunities that Zidisha can offer, there is no other program like it that is as flexible for a growing business like yours..

    Log in to reply • Share

    • Lotus Flower    Apr 13, 2019

      Salome and Margaret,
      
      The credit-risk fees go into a pool of funds in case
      *any* borrower defaults. It is not just in case the
      particular borrower paying the fee defaults.
      
      The credit-risk fee for any loan taken out as of
      16 December 2018 (or later) is no longer refundable.
      It is my understanding that this is because of too many
      defaults occurring on the platform.

      Log in to reply • Share

Salome    Dec 6, 2018

Thanks a lot even through the loan won't bring me any profit coz credit risk fee its toooo high to make a profit

• Lotus Flower    Apr 13, 2019

  Salome, please be aware that
  the Staff (www.zidisha.org/team)
  sets the fees, not the lenders.
  
  Please also be aware:
  
  Lenders cannot help you with anything technical or administrative.
  Therefore, this isn't the correct place to try to reach the Staff.
  
  For more information, please read
  here: www.zidisha.org/loan/buying... [comment-660388]
  and here: www.zidisha.org/loan/busine... [comment-660503]
  
  Thanks, and best wishes.

  Log in to reply • Share

Margaret    Dec 4, 2018

Good luck Salome with your new loan!

• Salome    Dec 6, 2018

  Margret help me credit risk fee its dragging me down what should I do

  Log in to reply • Share
• Salome    Dec 6, 2018

  I will be delighted to hear yr advice

  Log in to reply • Share

  • Lotus Flower    Apr 13, 2019

    Salome, for information about why the fees
    have increased in number and amount, and
    what the best way is to help increase the
    chances that fees possibly could be lower
    again in the future, please see:
    www.zidisha.org/loan/greenh... [comment-663015]
    and: www.zidisha.org/loan/greenh... [comment-663022]

    Log in to reply • Share

Salome    Dec 3, 2018

The loan has helped me to make not only business wise but to have consistent customers and all has been by the help of you zidisha thanks alot

Salome    Oct 7, 2018

Thanks zidisha I received the money, I would like to know more on membership payment how much i should pay and how many times because i had paid previous lone.this mak e it difficult to make a profit in the loan u have gave me please make me understand

Salome    Oct 6, 2018

Am very proud of those who brilliantly come up with this lending idea. Thanks very much

Salome    Oct 6, 2018

I used my previous loan to improve on my stock, I won customer confidence. Since then my business base is too sound. Zidisha works wonderful for me. Thanks zidisha.

Salome    Jun 22, 2018

Thanks my brothers and sisters am grantful and happy for helping in making in live .I will do may best to pay in tyme,I will add may stock in blankets cz its rainy season.

Salome    Jun 14, 2018

Thanks you very much my lenders ...i really appreciate

Salome    Apr 10, 2018

Am very grateful to you all as my lenders...i thank you all for your kindness

Salome    Mar 23, 2018

Hello everyone ....??my lenders am very grateful for the loan i received ...it has really help me in my business.
Keep up the good spirit of helping people

Salome    Mar 16, 2018

Hi my brothers and sisters am very proud to have join you bcz my life is becoming sweet n soft.

Salome    Feb 13, 2018

Am doing good and am proud cz i live a promising live looking forward to achieve my goal through zidisha

Salome    Feb 13, 2018

Oky as u could see in my profile picture i have not manage to have a shop with your help i will make it that my goal otherwise at this moment i do sell on street.

J    Feb 9, 2018

Thank you for repayments. How is your business going?

Salome    Dec 29, 2017

Hello Margaret and joost. Am very grateful and thankful for the funding of my loan.
This loan will go a long way in increasing my stock in my shop. I will buy more blankets, door and window curtains, mosquito nets e. t. c
The increase profit will be used in repaying my loan and the rest in home upkeep

• J    Jan 1, 2018

  If you are able to then please show us more about your shop.

  Log in to reply • Share