/r/Zidisha

Photograph via snooOG

Zidisha is a peer-to-peer microlending community to link lenders and borrowers directly across international borders.

Zidisha is a nonprofit organization engaged in the facilitation of microfinance lending to low-income entrepreneurs in developing countries.

Zidisha Website

/r/Zidisha

59 Subscribers

5

Is the website losing traffic/loans? I am only able to see FOUR LOANS to fund when I logged in today.

0 Comments
2022/08/09
03:19 UTC

2

Describe your Zidisha lending experience!

I recently started lending with Zidisha, and while I know that it has changed a lot over the years, my recent experiences have been very favourable.

I am keen to hear the experiences encountered by others, and I hope to gain some interest and also develop a stronger community on Reddit.

4 Comments
2015/09/16
23:48 UTC

2

System enabled auto-relending without verifying with user, wtf!

Seriously, you have a great cause, but this is unacceptable.

We have activated continuous relending on your behalf because your account has been inactive since {some date}.

You may reactivate your account at any time by making a loan bid or withdrawal. Once your account is reactivated, you may use this page to turn off continuous relending.

I specifically wanted to stop and withdraw after getting my remaining loans repaid, and I just saw that you turned on the autorelending without user confirmation. I'm pretty angry right now because I will have to wait at least half year for the new loans to expire.

You also changed my relending preferences, I remember that my interest wasn't the 2% I'm seeing now.

What the hell are you doing? This kind of actions are what a scammer would do, sort it out immediately!

This will be crossposted to other media unless you take it seriously.

0 Comments
2015/02/23
19:15 UTC

2

Automated lending suggestions

I only just joined and I think would rather have automated lending on, but it's not obvious how it will act.

Some suggestions that would personally give me more confidence would be:

  • Adding max amount per loan
  • X-number of manual lenders before lending (there is something similar at the moment but it's not clear)
  • Minimum feedback/rating of applicants

and be able to combine all those filters.

Also there are some strategies of auto-allocation like "Prioritize applicants with highest feedback rating." but when I read "prioritize" I am thinking that it will choose applicants with bad feedback rating if there are none with good.

That's my initial feedback, hope you find it helpful.

2 Comments
2014/04/10
09:00 UTC

2

Make small loans to new members

Over the past month Zidisha has expanded their lending in Indonesia, Burkina Faso, Ghana, and Senegal. (The majority of it has been in Kenya.) There are a lot of new members with no Zidisha loan history. I've decided to take about 20% of my money in Zidisha and lend it to these new members. This is the only way they will get a credit history and there are a lot of Zidisha lenders that will not lend to borrowers without a credit history. I'd encourage you to do the same.

1 Comment
2014/01/04
18:22 UTC

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