People in developing countries support their families with their own small businesses. They need loans in order to grow - but local banks charge exorbitant interest rates.
We bypass expensive local banks and connect lenders and borrowers directly. The result is a fairly priced loan - and a friendship that transcends geography.
How It Works
A borrower logs into Zidisha and posts a loan request to help fund his/her business.
A lender selects an available loan and bids to provide all or part of the funding.
Set the Interest
Lenders propose their own interest rate for the funds that they offer to loan.
100% of the lender's loan is disbursed directly to the borrower's business.
Lenders and borrowers can stay in touch on the impact of the loan.
Loans are repaid in regular installments and can be reinvested immediately.