Forum > Borrower Questions > Opinion Forum Guidelines

  • Edwin Mmwacha
    Nairobi, Kenya

    Mar 22, 2018

    I have an idea to point out. Instead of Zidisha introducing the credit risk payment, which is too high for some entrepreneurs it may opt to charge only 5% credit risk fee and at the moment cease from taking any new applications for new members until its back on its feet. Because so long as people who come to the organisation become unfaithful, the credit risk payment will at one time become insufficient to fund all loans. My worries in regards to the recent move by the director, is that genuine business women and men who have built trust in the system are soon bound to loose hope.

    Laurie, Julie and Fath Kofi Christian like this.
    • Volunteer Mentor

      Mar 23, 2018

      I agree with you brother. People will began to loose interest in this finance due to the credit risk payments. This is too much.

      • Volunteer Mentor
        George Kiio
        Muthwani, Kenya

        Mar 25, 2018

        It is not about loosing interest. It is about more unintended account defaults. It is a good step Zidisha is making but with higher consequences. Business men will need to have profit from the money lend to them hence needing to hold the money a longer time. This will reduce cash flow and hence declined lending capital. Kindly reconsider this please. When expediting service, credit risk and service fee are put together then you are more expensive than micro-finances although your best part is the repayment period is longer and charges are one off.

Please log in to comment.