Forum > Borrower Questions > Suggestions to help projects to get fully funded qickly .
I have observe the slow pace at which loans are been funded of late and much more dissapointing loan expiration rate. This is due to more loan projects than readly available lending capital to fund them. As a result, more trusted individuals who have shown much trustworthiness and comittments over the years are gradually loosing hope. Businesses are failling. Yes! all of us knows that zidisha is not a bank. But people depend on it for livelihood and business life now. Could there be any solution to help solve this problem? Yes! There is. This is my suggestion.
Instead of 14 days waiting period for repeated borrowers to hope for their posted loans to get funded, I suggest that the funding days should be move to 30 days or more depending on the number of loan projects posted for funding and zidisha only show loans that are just 14 days to expire. So once a loan posted reaches the 14 days period then, it will become available for lenders. This will allow much fewer lending options to be available for lenders as fewer loans will be shown at a time.This will help solve much more dissapointing expiring loans of late.
From one of the volunteers:
For new borrower they have 30 days to loan fundraising and their application will be in wait list first, to allowing repeat borrower application appear on project page.
For repeat borrower they have 14 days to loan fundraising. When their loan partly funded or not funded 100% till the limit time, the loan will be expired. They can reapply again after its expired if they want to. This cycle will repeat again until your loan get funded 100%. Some people have to reapply for second,third, fourth or more before their loan will get funded 100%.
Translated by Google
we don't like your idea!
are you sure that's a good idea?
We should instead pray for God to provide us with more lenders to help us.
Zidisha still requesting for new members to join the association everyday meanwhile the loans are not been funding.
Mine is 3rd attempt for a loan of just $30.I think they should just stop taking new borrowers until there will be available fund
only inviting lenders all over will help in this one.
Creditors will surely be many who enter and join the zidisha When are we All aware that zidisha is the best and faithful to help our efforts .. We must really pay well so donors are more interested in joining in zidisha For the family and all
Kreditur pasti akan banyak yang masuk dan bergabung dengan zidisha
Bila mana kita Semua sadar kalau zidisha lah yang terbaik dan setia membantu usaha kita..
Kita harus benar benar bayar dengan baik agar donatur lebih tertarik bergabung di zidisha
Demi keluarga dan semua
Join us at
© 2009 - 2018 Zidisha, Inc. • Zidisha is a 501(c)(3) nonprofit • Terms and Privacy • Contact