Forum > Borrower Questions > expedition fee Forum Guidelines

  • Solomon Polley
    Prestea, Ghana

    Mar 20, 2018

    Thank you ZIDISHA for your good works. I know the expedition service is available when there are surplus of lending fund for the many borrowers. But here is the case 15% of the loan is already allocated to service fee and credit risk payment. And the expedition fee is also about 15% of the loan. So in all, 30% will be deducted if the expedition service is approved. This isn't going to help people with businesses of less capital and lesser making profits. I believe ZIDISHA is aiming of improving lives. Please do something about this issue. Thank you

    • Edwin Mmwacha
      Nairobi, Kenya

      Mar 24, 2018

      Hello Solomon I think your calculations are not correct. Its high indeed but not that high kindly check on the Director's post regarding this.
      Thanks


    • Country Liaison
      Laurie
      United States

      Mar 24, 2018

      Unfortunately, I think this is correct.
      Julia (or anyone else who knows for sure), please correct me if I'm wrong.


  • Tony Richu
    Eldoret, Kenya

    Mar 21, 2018

    I am totally baffled myself but for different reasons. My loan has expired 3 times in a row without funding. Its so disheartening but we cant give up.


    • Country Liaison
      Laurie
      United States

      Mar 24, 2018

      The best thing you can do is to encourage all Zidisha borrowers that you know to send in their remittances on time, always. A large part of funding capital comes from borrower remittances that lenders re-lend to help fund loans.


  • Collins Kuffour
    Bonwire Ashanti, Ghana

    Mar 24, 2018

    Solo you are right



  • Solomon Polley
    Prestea, Ghana

    Mar 25, 2018

    Yeaaa. If there are surplus funds, why not locate urgently needed loans with very good on time repayments but rather ask us to pay extra expedition fee of 15% in addition to the already 15% service fee and credit risk payment. Meanwhile, I have already made a contribution to the MLF. I believe in you lady Julie, so let's see your dedication to improving our lives through the funding of various loans pending funding for the second or third time and more. Thank you.



  • Volunteer Mentor
    Darius Mukabwa
    Eldoret, Kenya

    Mar 25, 2018

    Please madam Julia, please reduse it to a total of 10℅ instead.


    Kusi Obodum likes this.
    • Pauline Wamuchwa
      Eldoret, Kenya

      Mar 25, 2018

      Too early to cry Darius. ask her give the amount to lenders so that they will fund us whom have waited since January.


    • Volunteer Mentor
      Kusi Obodum
      Kumasi, Ghana

      Mar 25, 2018

      Agrey brother. Service fee of 10% without credit risk payment would have been better than 5% service fee in addition to 10% credit risk payments making 15% of total deductions.


      Emmy Jemeli likes this.

  • Pauline Wamuchwa
    Eldoret, Kenya

    Mar 25, 2018

    I thought that the additional charges of 10 % on top of five percent was the best solution but now am lost of words seeing that am on my 3 days remaining with 0% .I have been continuously discouraged since January when I begun to apply for this same loan because since then Zidisha continued to make changes almost weekly that hurt me greatly because on my third application, my loan was deducted from 410 dollars to 330,dollars.All the profits I made have now turned to depts but as director said, once loan expire, I am free to apply as many times as I can but my question still remains this.if no funds? Why invite new members? Thank you all



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