ZIDISHA

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Zidisha is the only peer-to-peer lending service to connect individual lenders directly with microfinance borrowers in low-income countries. Zidisha is based on the conviction that small-scale entrepreneurs in developing countries are capable of interacting responsibly with peer-to-peer lenders via a self-regulating web platform, without needing local intermediaries to communicate and manage loan transactions on their behalf. Though there are other microlending websites that allow individual... s to contribute funds toward microloans of their choice, all of them rely on local microfinance organizations to communicate with lenders, create loan applications and collect repayments. In these intermediated microlending platforms, the communication is all one way, so that the borrower is often unaware of the lenders who funded his or her loan. The average intermediary organization adds over 30% - sometimes as much as 100% - in fees and interest to loans raised through these websites to cover its own administrative expenses. Such high interest rates reduce borrowers' profits, sometimes to the point of making them poorer than they were before they received the loan. Unlike the postings on other microlending platforms, the loan applications and comments posted on Zidisha's loan pages are written by the borrowers themselves. This opens the way for dialogue between lenders and borrowers, so that lenders can receive answers to their inquiries about the loan and business directly from the entrepreneur they are funding. Eliminating unnecessary intermediaries also decreases cost of the loans. The average Zidisha borrower pays only about 8% (flat rate) in annual interest and fees, including interest paid out to lenders. This is far below the rates traditionally charged for microfinance loans in developing countries. Reducing interest costs allows the entrepreneurs to keep more of their profits, so that the loans have greater impact in reducing poverty.

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ZIDISHA

Social Links:

Industry:
Financial Services FinTech Micro Lending Non Profit Social Entrepreneurship

Founded:
2009-10-15

Address:
Sterling, Virginia, United States

Country:
United States

Website Url:
http://www.zidisha.org

Total Employee:
11+

Status:
Active

Contact:
(202) 492-6446

Email Addresses:
[email protected]

Total Funding:
120 K USD

Technology used in webpage:
Domain Not Resolving Mobile Non Scaleable Content Amazon Gravatar Profiles Amazon Virginia Region Amazon Route 53 Apple Whitelist


Similar Organizations

kiva-logo

Kiva

Kiva is an international non-profit organization that enables families to make small loans to entrepreneurs in developing countries.


Current Advisors List

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Ronnie Cheng Trustee @ Zidisha
Board_member

Current Employees Featured

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Julia Kurnia
Julia Kurnia Founder & Director @ Zidisha
Founder & Director
2009-01-01

Founder


julia-kurnia_image

Julia Kurnia

Investors List

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Y Combinator

Y Combinator investment in Seed Round - Zidisha

Newest Events participated

y-combinator-winter-2014-demo-day_event_image Participated in Y Combinator Winter 2014 Demo Day on 2014-03-25 as exhibitor

Official Site Inspections

http://www.zidisha.org Semrush global rank: 1.38 M Semrush visits lastest month: 20.7 K

  • Host name: 104.21.59.148
  • IP address: 104.21.59.148
  • Location: United States
  • Latitude: 37.751
  • Longitude: -97.822
  • Timezone: America/Chicago

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