Forum > Borrower Questions > Credit Risk Payment deductions Forum Guidelines

  • Dismas Kipsongok
    Nandi Hills, Kenya

    May 16, 2018

    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!


    Kusi Obodum and Dismas Kipsongok like this.

  • Volunteer Mentor
    Kusi Obodum
    Kumasi, Ghana

    May 17, 2018

    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.
    Thanks!!!


    Dismas Kipsongok likes this.
    • Dismas Kipsongok
      Nandi Hills, Kenya

      May 18, 2018

      Kusi, where will it be refunded to, to my Zidisha account or sent to me via mobile money transfer?



  • Volunteer Mentor
    Gideon Kiprotich
    Kericho City, F..., Kenya

    May 17, 2018

    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?,

    Kind regards.


    Dismas Kipsongok likes this.

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