Zidisha

We're an international lending community that offers responsible, high-achieving people the chance to raise loans directly from ordinary people all over the world.

Why join Zidisha?

- Open to everyone: You do not need to have collateral assets, a bank account, guarantors, or a salaried job to raise a loan.

- Interest-free: Each loan carries just a 5% service fee.

- Flexible: You choose your own weekly repayment schedule.

- Community: Loans are funded by other Zidisha members, not banks. You become part of a supportive community of entrepreneurs and lenders from all over the world.


What are the eligibility requirements?

- Have your own Facebook account with extensive social connections.

- Have a source of income that will allow you to make repayments each week.

- Be able to secure recommendations from people in your community.


How much can I borrow?

Your starting credit limit depends on whether you have an invite from a Zidisha member in good standing, and whether you choose to make a security payment into the Members Loan Fund. Your credit limit will increase with each loan depending on your record of on-time repayments, up to a maximum of US $10000. You can earn bonus credit limit increases on top of the base credit limit by inviting new members or serving as a Volunteer Mentor.


What are the fees and interest?

Zidisha loans do not carry interest. The total cost for each loan is a service fee of 5% of the loan amount, to cover the cost of transferring and administering the loan.

Members are also asked to pay a one-time membership fee in order to join Zidisha. The current membership fee 10% of the starting credit limit chosen.

Members who choose to begin borrowing with larger starting credit limits must make a one-time payment into the Zidisha Members Loan Fund, which is used for reimbursing lenders in the event of default.

Fees are paid only if the you succeed in raising a loan, and entitle you to raise an unlimited number of loans of increasing amounts at zero interest.