Forum > Borrower Questions > Reapplying Problem. Forum Guidelines

  • Joseph Saaquah
    Accra, Ghana

    Feb 13, 2018

    Hello Members,
    The fundraising period for my loan has ended without being fully funded, I have the opportunity to accept the 35% I got or to cancel and reapply.
    I want to reapply but when I click on cancel it keeps saying "the page you are looking for could not be found" since yesterday have been trying but the same issue.
    What I want to know now is if I accept the 35% can I post a new loan application now or I need to finish paying back the 35% before I can raise another loan.
    How should I go about reapplying.

    All comment are highly appreciated.
    Thank you.

    Samwel Nyangi likes this.

  • Volunteer Mentor
    Darius Mukabwa
    Eldoret, Kenya

    Feb 13, 2018

    While accepting, you have to pay that amount of 35% before applying another loan, thank you.

  • Susan Hankope
    Choma, Zambia

    Feb 15, 2018

    hello lenders i recieved 60% of my loan application but the loan repayment schedule says i should pay it back at there a way i can adjust to pay weekly what i can afford until the loan is fully repaid?
    Looking forward to your response

    • Director
      United States

      Feb 15, 2018

      Hi Susan,

      I'm sorry for the trouble. This was due to a technical error, and we have now repaired it. Can you try again to accept the loan?

      • Joseph Saaquah
        Accra, Ghana

        Feb 15, 2018

        Hello Director Julia,
        it a great Honour to have you here.i would take this opportunity to thank you very much for coming up with such an amazing platform to help has really help and still helping me.God bless you and keep you safe.
        i have successfully reapply and it pending review by Zidisha staff.
        thank you very much Director.
        best redards............

  • Samwel Nyangi
    Nairobi, Kenya

    Feb 15, 2018

    Borrowers can now accept partially funded loans

    United States
    Feb 12, 2018

    Up until now, loan applications that were only partially funded by the fundraising deadline have been expired. Starting today, borrowers have the option of accepting partially funded loans once the fundraising deadline is reached.

    Under the previous system, lending funds would be tied up in partially funded loan applications for weeks, only to expire and be returned to the lenders. This was an inefficient use of loan capital, and a frustrating experience for lenders who wished to send funds to borrowers they had chosen. It also denied funding to borrowers who had succeeded in raising useful amounts. Many borrowers had loan applications repeatedly expired after raising amounts they would have liked to accept.

    The intent of allowing borrowers to accept partially funded loans is to make more efficient use of lending capital, and to give borrowers control over whether to accept the amount raised.

    Accepting a partially funded loan will not hurt a borrower's credit limit. The credit limit is based not on the most recent loan, but on the largest loan that has been repaid on time.

    This is an experimental change. Whether it is continued depends on repayment performance of the partially funded loans, and the benefits to our members.
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