Forum > Announcements > Credit risk payments are refundable to borrowers Forum Guidelines

  • Director
    Julia
    United States

    Apr 1, 2018

    Based on feedback from lenders and borrowers, we have opted to make the required credit risk payments refundable to borrowers, in the same way that the optional Members Loan Fund payments are refundable.

    Borrowers may create a support ticket to request a refund of the total amount they have paid as Members Loan Fund payments and credit risk payments since joining Zidisha, at any time they do not hold an outstanding loan.

    • Joshi
      United States

      Apr 1, 2018

      Julia,
      that's great news indeed! And by making it refundable rather than just cancel it, you have made it possible to 'have your cake and eat it too' ! - this fee WILL help offset the risks associated with loans that are not paid back but at the same time, NOT BE A MANDATORY BURDEN for those who do repay loans properly.

      I understand that it is a delicate balance for you to wear a 'lender hat' to make sure Zidisha thrives/grows and a 'borrower hat' to ensure you continue to make this amazing source of opportunity available to borrowers. Thank you ....

      • Daniel Simiyu
        Meru, Kenya

        Apr 19, 2018

        Sure,its a commendable effort.may zidisha grow to touch many worldwide.


    • Eka Wahyuni Darma Hendra
      Balikpapan, Indonesia

      Apr 2, 2018

      Director Julia, this is very lightening for us. Thank you for all the efforts you have made.

      Translated by Google     Show original

      Direktur Julia, ini sangat meringankan bagi kami. Terima kasih atas segala upaya yang telah anda lakukan.


      • Faith Aburi
        Meru, Kenya

        Apr 2, 2018

        How do I reply for my refund, in just cleared my loan


        • Director
          Julia
          United States

          Apr 4, 2018

          If you have made a credit risk payment or MLF payment and have cleared your loans, you may create a support ticket from the Help page of your account to request a refund.

    • Volunteer Mentor
      Meshack Wachiuri
      Nyahururu, Kenya

      Apr 2, 2018

      Thank you ,madam Julia. This is a very friendly message. Even if i pay any higher amount of credit risk payment and MLF, at last i know it can be refunded. Long live Zidisha.


    • Volunteer Mentor
      George Kiio
      Muthwani, Kenya

      Apr 2, 2018

      Hello Julia. This is great. It had become a burden on our side. Thanks for taking our plea.


      Mary likes this.
    • Volunteer Mentor
      Kusi Obodum
      Kumasi, Ghana

      Apr 3, 2018

      Thanks Julia for making this refundable. Even if service fee is 5% and non-refundable of credit risk payment of 5% making 10% deductions will the good.
      But for the request, can l write for the refund of my credit risk payment after l finish payments of every loan?


      • Director
        Julia
        United States

        Apr 4, 2018

        You can choose to do so, but this may prevent you from increasing your credit limit quickly.

    • Volunteer Mentor
      Kossonou Yao
      Kumasi, Ghana

      Apr 3, 2018

      Thank you Julia Kurnia, it's proof that you listen to everyone.


      Mary likes this.
    • Jared Omurwa
      Kisii, Kenya

      Apr 4, 2018

      OK thanks for the feedback


    • Brian Ochieng
      Nairobi, Kenya

      Apr 10, 2018

      Hello Julia, i applied for a new loan but i never got any, am left with a choice of having back the membership fund cause i have an emergency that needs cash, what steps should i take?


    • Onyendo Habil
      Kakamega, Kenya

      Apr 10, 2018

      Good news indeed,I believe Zidisha has the power to get a 5 star rate on any platform


    • Volunteer Mentor

      Apr 20, 2018

      Thank you Madam Director for great information, I can at least have what to tell my Mentees about credit risk payments....


    • Ade Saputra
      Dki Jakarta, Indonesia

      May 31, 2018

      Good afternoon madam, if we ask for refund credit risk cost as long as we apply for loan, if after that we can still apply for loan ?? thank you madam. Good luck always.

      Translated by Google     Show original

      Selamat sore madam , jika kita meminta pengembalian biaya resiko kredit selama kita mengajukan pinjaman , apakah setelag itu kita tetap bisa mengajukan pinjaman ?? terima kasih madam. semoga sukses selalu.


      • Volunteer Mentor
        Fitri Fauziyah
        Kota Surabaya, Indonesia

        May 31, 2018

        You can apply for another loan after requesting refund credit risk. Create MLF refund ticket And follow the instructions On the page yes. It"s just that filing a refund credit risk will affect your next limit of submission of the loan (based on info from the Director he / she is over)

        Translated by Google     Show original

        Anda bisa mengajukan pinjaman lagi setelah meminta refund credit risk. Buat tiket refund MLF Dan ikuti petunjuknya Di halaman tersebut ya.
        Hanya saja pengajuan refund credit risk akan mempengaruhi mengurangi limit pengajuan pinjaman anda berikutnya (berdasarkan info dari Direktur dia atas)



  • Volunteer Mentor
    Su Rono
    Grobogan, Indonesia

    Apr 1, 2018

    thanks to the director of julia, so the zidisha loan remains low at the 5% discount rate. if credit risk funds can be withdrawn via ticket. whether there are other steps, other than withdraw funds through the ticket. an example of a refund can be credited to the next installment, thereby mitigating the borrower because by way of pulling through the ticket. not much different from MLF withdrawal funds, thanks

    Translated by Google     Show original

    terimakasih direktur julia ,dengan begitu pinjaman zidisha tetap rendah di angka 5% potongan .

    jika dana resiko kredit dapat ditarik melalui ticket. apakah ada langkah lain, selain menarik dana melalui ticket.

    contoh pengembalian dana dapat di kreditkan ke angsuran berikutnya , dengan begitu dapat meringankan peminjam karena dengan cara menarik melalui ticket . tidak jauh beda dengan penarikan dana MLf ,terimakasih


  • Solomon Polley
    Prestea, Ghana

    Apr 1, 2018

    Thanks lady Julie for your continual efforts to better lives of humanity.
    Please is the request for refund of a borrowers MLF and Credit risk payments mean the borrower is quiting ZIDISHA....?


    Kusi Obodum likes this.
    • Director
      Julia
      United States

      Apr 2, 2018

      The borrower does not have to quit Zidisha when requesting a refund of the MLF and credit risk payments. He or she may still continue to raise loans. However, receiving a refund reduces the credit limit for the next loans to the amount it would have been if they had not made these payments.

      • Volunteer Mentor
        Mimin Munawaroh
        Cilacap, Indonesia

        Apr 2, 2018

        Hi Julia, does this mean borrowers can request for refund of credit risk payments anytime and any amount? for example the current loan is fully paid - request refund of credit risk payments - raise new loan - paid off - request refund again and so on.
        If the pattern is like this I think will add to your workload and staff because the average for small loans will be paid off in a few weeks and can apply for refund of credit risk payments after that.
        Is it possible for this credit risk payments refund is made a minimum amount?
        for example if the accumulation of credit risk payments from some previous loans has reached a certain amount or made restrictions only can request a credit risk payments refund 1x each month.

        PS: Dear Solomon, our director's name is Julia, to my knowledge Julie is the name of one of our beloved lenders :-)

        Translated by Google     Show original

        Hi Julia, does this mean borrowers can request for refund of credit risk payments anytime and any amount? for example the current loan is fully paid - request refund of credit risk payments - raise new loan - paid off - request refund again and so on.
        If the pattern is like this I think will add to your workload and staff because the average for small loans will be paid off in a few weeks and can apply for refund of credit risk payments after that.
        Is it possible for this credit risk payments refund is made a minimum amount?
        for example if the accumulation of credit risk payments from some previous loans has reached a certain amount or made restrictions only can request a credit risk payments refund 1x each month.

        PS: Dear Solomon, our director's name is Julia, to my knowledge Julie is the name of one of our beloved lenders :-)


        Fitri Fauziyah likes this.
      • Samwel Nyangi
        Nairobi, Kenya

        Apr 2, 2018

        great work


    • Volunteer Mentor
      Kusi Obodum
      Kumasi, Ghana

      Apr 3, 2018

      So does this means that credit risk payments increase our credit limits?



  • Volunteer Mentor
    Fitri Fauziyah
    Kota Surabaya, Indonesia

    Apr 1, 2018

    Thank you very much Julia.
    We really appriaciate what you've done so far and the Incredible Zidisha staff and Volunteers for their help.

    Translated by Google     Show original

    Thank you very much Julia.
    We really appriaciate what you've done so far and the Incredible Zidisha staff and Volunteers for their help.


  • Volunteer Mentor
    Endang Rusmiati
    Tangerang, Indonesia

    Apr 2, 2018

    Thank you Director Julia, It's good news we get.
    We appreciate the hard work you have done.

    Translated by Google     Show original

    Thank you Director Julia, It's good news we get.
    We appreciate the hard work you have done.


    Fitri Fauziyah likes this.

  • Volunteer Mentor
    Edi Yulianto
    Bondowoso, Indonesia

    Apr 2, 2018

    I do appreciate it Julia.
    Thank you so much...

    Translated by Google     Show original

    I do appreciate it Julia.
    Thank you so much...



  • Steve Miyienda
    Daraja Mbili, Kenya

    Apr 2, 2018

    Great news! Cheer Julia!



  • Volunteer Mentor
    Darius Mukabwa
    Eldoret, Kenya

    Apr 2, 2018

    Thank you director Julia, be blessed madam.


    Kusi Obodum likes this.

  • Fajar Faizin
    Garut, Indonesia

    Apr 2, 2018

    It is SUPER cool

    Translated by Google     Show original

    It is SUPER cool



  • Volunteer Mentor
    Agyeiwaa Adwoa
    Atebubu, Ghana

    Apr 2, 2018

    what a great new! but please madam we appeal that you look for more lenders around the globe to come and help , may the great lord bless you and your family , lurie and the entire staff and standing solidly behind you to execute this useful measures.



  • Gidraf Mungai
    Njabini, Kenya

    Apr 2, 2018

    We are very much humbled by your concern madam Julia,,,God bless you abundantly. Long live zidisha



  • Volunteer Mentor
    Alex Tsuma
    Mombasa, Kenya

    Apr 3, 2018

    Great Julia..



  • Volunteer Mentor
    John Oyollo
    Suba- Too Villa..., Kenya

    Apr 3, 2018

    message well conveyed. am now relieved. thank you director



  • Volunteer Mentor
    Francis Mwangi
    Kayole, Kenya

    Apr 4, 2018

    Thank u madam for this,will the refund be in form of a loan or will be in which form



  • Puji Eni
    Jember, Indonesia

    Apr 4, 2018

    thank you very much director julia

    Translated by Google     Show original

    thank you very much director julia



  • Richmond Kojo Owusu
    Kwashieman- Acr..., Ghana

    Apr 4, 2018

    Hello all, I think it the same, because if you request for refund of your credit risk it will affect your next loan, thereby making it lesser compare to if you did not request for refund of your credit risk



  • Gyabeng Reagan Augustine
    Seftwi Asawinso, Ghana

    Apr 6, 2018

    Hello Julia,I applied for 1302 with all the applied charges of 5 and 15% making 20% which represent 260 as total charges but I'm charged 25% which pegs
    My take home loan at 977.mindly explain director



  • Volunteer Mentor
    Bronson S Kipsang
    Nakuru Kenya, Kenya

    Apr 9, 2018

    Madam Julia,my question is to understand how to apply for the credit risk refund.



  • Volunteer Mentor
    Mizarc Acheampong
    Kukuom, Ghana

    Apr 10, 2018

    very friendly message that has brought relief my regards to director Julia.



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