Forum > Borrower Questions > Credit Risk Payment deductions
I was going to apply for a new loan but hesitated on learning new deductions introduced to Zidisha, that didn't apply in my previous loan; Credit Risk Payment. I think this is not necessary as I have MLF paid in my first loan, and again overcharged! On my current credit limit, if Credit Risk is deducted, actual amount I'll receive will be extremely less, almost the same as my previous loan. Please do away with CRP! Or make it optional. It is punitive!
What you will need to understand is that the credit risk payment is refundable after you have finished payments of your loan and do not hold any outstanding loan with zidisha.
Kusi, where will it be refunded to, to my Zidisha account or sent to me via mobile money transfer?
Hello there,i thought credit risk payment was a one time payment only to cover a potential risks,why then do i have to pay it over and over through my loan's?,i promise to be in this zidisha game till it's over,i won't go with zidisha money,how can i avoid this please?,
Join us at
© 2009 - 2018 Zidisha, Inc. • Zidisha is a 501(c)(3) nonprofit • Terms and Privacy • Contact