What are the consequences if I repay late or default on my repayment? IMPORTANT NOTICE: Zidisha offers no warranty or promise to make cash payouts to lenders. Lenders assume currency risk at Zidisha. Follow the instructions displayed in the Your Loan screen (if you are using the mobile app) or in the Repayment Instructions page (if you are using the website). Cofounders usually have a close social relationship and spend a great deal of time together. Volunteer Mentors receive credit limit increases commensurate with the repayment performance of the members who are assigned to them, but are not otherwise compensated for their services. With each on-time repayment, the credit limit increases – so most of the “vetting” is actually done by the applicant’s own track record. There is no interest.). Our repayment recovery methods include reminders, mediation involving the local community leaders and other contacts that referred entrepreneurs to Zidisha, and judicial process. Secondly, the loan app may charge you a one-time premium fee to access higher loan amounts- you’re usually prompted to pay this fee after borrowing severally. The service fee is used to pay for the costs of administering the loan. If you disagree with Zidisha or Forum policies or decisions, you may make a complaint to us directly rather than in the Forum. How can I get an update? Erin: What advice do you have for other fintech innovators and disruptors? Julia: If you have an idea that calls to you, then don’t wait – try it. This is a great place to get loans for small businesses in Kenya, especially if you are still starting out and don’t have so much security. Lenders worldwide may credit their accounts instantly using a PayPal account, or with a credit or debit card via Stripe, a secure third-party payment service. When an entrepreneur posts a loan application, he or she sets the amount he or she would like to raise, the weekly or monthly repayment installment amount he or she prefers, and the day of the week or month he or she would like to commit to making repayment installments. Entrepreneurs find us! What happens if a loan application is not fully funded by the expiration date? If a loan that is backed by the Zidisha Members Loan Fund falls past due on scheduled repayments (by over 10 days, and $5 or the value of one repayment installment, whichever is less), a "Receive Early Repayment" option will display in lenders' Your Loans page, as long as: 1) funds are available in the Zidisha Members Loan Fund account and 2) the lender has received less than $1,000 in Zidisha Members Loan Fund payments (unless the lender's account is an Impact Investment lending account). The Indonesian martial arts black belt (one of the few in the US) and mother of two eloquently addressed the potential disadvantages of being a female founder in a startup as part of the YC Female Founder interview series: “I think people usually take women less seriously, often unconsciously. You may use the same page to increase installment amounts once you are able, so that the total repayment period is not increased any more than necessary. Branch can be downloaded from Google Play Store. The YC experience was transformative. The entrepreneur I supported is not responding to comments. The majority of Zidisha applicants find us by word of mouth, as current members recommend Zidisha to others in their communities. If you do not relend or withdraw your repayments within 60 days, we will relend them to new projects on your behalf, following any preferences you have indicated in the Relending Preferences page.

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