Zidisha is a nonprofit organization of microfinance created in 2009, which directly related lenders and borrowers without going through an intermediate structure and offering a total cost of significantly lower credit than most other microfinance structures 1 , 2 ( of the order of 5%). The name of the organization comes from Swahili -zidisha 3 ([zi.ɗi.ʃɑ], grow, expand). The organization is based in Sterling, Virginia ( USA ).
Zidisha has repeatedly evolved his model to address problems of fraud and default of borrowers. In the current version, borrowers pay registration fees (which are paid into a reserve fund to compensate creditors in the event of default by the borrower), and a 5% service charge for each loan. The creditors do not receive interest. Borrowings and repayments are paid in US dollars and borrowers bear the currency risk .
By April 2017, the organization had lent a total of nearly $ 9.5 million – of which 4.32 in the last twelve months, 90% for projects in Kenya ($ 2.21 million) and Ghana ($ 1.67 million 4 ).
- Loans between individuals
Notes and references
- ↑ ( in ) Zidisha Helps Connect With Lenders Contractors In Developing Countries [ archive ] , Forbes , July 14, 2015.
- ↑ ( in ) Go Against the Flow: Julia Kurnia, Founder of Zidisha [ archive ] , The Huffington Post , November 28, 2016.
- ↑ ( in ) FAQ [ archive ] , zidisha.org.
- ↑ ( in ) Statistics [ archive ] , zidisha.org.