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.



Please log in to comment.