What It Is
Zidisha is the first online microlending community that directly connects lenders and entrepreneurs — no matter the distance or disparity between them. Zidisha bypasses expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and entrepreneurs communicate openly and instantly.

How It Works
Zidisha loans are interest-free, with borrowers making a deposit into a reserve fund when they first join to protect lenders from credit risk. Zidisha also give lenders and entrepreneurs the opportunity to communicate with each other directly — so you can see everyone’s stories unfold right before your eyes and experience it with them from the other side of the world.

Best For
Micro-entrepreneurs in the developing world and enders that wish to directly fund them.

The Catch
Borrowers must be fully funded to get the loan.

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

Avg. $ Raised
Loans range from $200 to $1,000

Success Story
NA

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