Forum > Borrower Questions > Over deductions of Credit Risk payment Forum Guidelines

  • Volunteer Mentor
    Isaac Gyapong
    Tanoboase, Ghana

    May 20, 2018

    Dear Zidisha Team. Please I dont understand these things and i need clarifications. What i know is that Credit risk for every loan is 10% and service fee is 5% making 15%. But looking at the loan application i have posted so far, the system has deducted about 26% to 27% which amount to GHS1935 instead of 15% which amount to GHS1116 and i don't understand. I want the team to give me further explanation to Concerning Credit Risk deductions. I am a old member of zidisha and i don't default in my payments. Thank you.

    • Volunteer Mentor
      Christian Golo
      Accra, Ghana

      May 21, 2018

      From the announcement section, we were told the credit risk payment amount now varies between 10-20% depending on each borrower's repayment history and credit risk level, and may the loan amount you are accessing too also count and finally perhaps your Members Loan Fund (MLF) contribution.

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