Forum > Borrower Questions > Request for My Credit risk payment of my previous loan Forum Guidelines

  • Charles Osei Kofi
    Atwima Twedie-..., Ghana

    Jul 10, 2018

    Helo managment team, am done with the payment of my previous loan and i have a credit risk deductions of 66 Ghana cedis. Pls how do i apply for this before i post new loan proposal? Thank you



  • Zidisha Volunteer
    dave2319
    United Kingdom

    Jul 10, 2018

    Hello Charles.
    I see you've now sent us the necessary support ticket about this, so I've replied further there.



  • Charles Osei Kofi
    Atwima Twedie-..., Ghana

    Jul 11, 2018

    Please Mr Dave, I have read your reply at the support ticket and it doesn't sound well for me at all. Per what we were told Credit risk is different from MLF. We can request for Credit risk when the outstanding loan is completely paid. But what you explained to me at the support ticket means that if i take my Credit risk it may affect my Credit limit because it will be sent with the MLF.
    I think this is not what we were told. MLF is once in our life time and Credit risk is deducted every time i apply for new loan.
    I don't understand when i take my Credit risk it reduces my credit limit. I think something must be done on this issue because is not encourageable. I also think taken credit risk will reduce my credit then it should also be deducted once in our life time as the MLF. If something is done on this issue it may differentiate between Zidisha and other microfinances.


    Kusi Obodum and Suteja Ari like this.

  • Zidisha Volunteer
    dave2319
    United Kingdom

    Jul 11, 2018

    Yes, MLF payments and credit risk fees are different.
    If someone requests an MLF refund it will affect their credit limit, and if someone requests a credit risk fee refund it will affect their credit limit.

    What I mentioned in the support ticket is that you qualify for refunds of both and they can't be separated, so you either receive the refund for both or you choose not to receive a refund. I see you've decided on the latter and created a new loan application.

    We do take note of feedback about things, and soon I'll chat to Julia more about credit risk fees.


    Jones Mwang'ombe and Kusi Obodum like this.

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