Zidisha microfinance lending
Jan 31, 2013, 3:55 pm
#16
Original Poster
Join Date: Jan 2004
Location: Louisville, KY, USA
Posts: 2,583
Zidisha looks interesting, but I don't like having to pay 3.5% to add money with a credit card. Looks like I'll stick with the more established Kiva for the time being.
I didn't realize how addicting making the loans can be. It's fun choosing a borrower from each country! I'm up to 32 loans since I joined last week; hoping to push it to 42 in the next few days. Gotta push the FT group higher!
I didn't realize how addicting making the loans can be. It's fun choosing a borrower from each country! I'm up to 32 loans since I joined last week; hoping to push it to 42 in the next few days. Gotta push the FT group higher!
Please join. If you do, use a link and then join the MilePoint team (Flyertalk does not have a team yet). Using the link doubles your impact at the team level. My link is https://www.zidisha.org/index.php?refid=3284 but you can ask any team member for their link info. Another link is https://www.zidisha.org/index.php?refid=3287.
Last edited by KyRoamer; Jan 31, 2013 at 4:19 pm
Feb 2, 2013, 2:04 pm
#17
Original Poster
Join Date: Jan 2004
Location: Louisville, KY, USA
Posts: 2,583
Do we want a Flyertalk team at Zidisha? If so, if I can get moderator permission I'll start one and then turn over control to whoever wants it.
Unlike Kiva, if you belong to more than one team, each team gets full credit for all of your loans. So $100 in loans could be $100 to the milepoint team and $00 to the Flyertalk team. Even better, once you join, all loans including earlier ones count.
For now I encourage people to use my link when joining. It is https://www.zidisha.org/index.php?refid=3284 . Then join the milepoint team and if open the Flyertalk team.
Milepoint is now the number one team on Zidisha. Join and help it grow.
Unlike Kiva, if you belong to more than one team, each team gets full credit for all of your loans. So $100 in loans could be $100 to the milepoint team and $00 to the Flyertalk team. Even better, once you join, all loans including earlier ones count.
For now I encourage people to use my link when joining. It is https://www.zidisha.org/index.php?refid=3284 . Then join the milepoint team and if open the Flyertalk team.
Milepoint is now the number one team on Zidisha. Join and help it grow.
Mar 3, 2013, 12:31 pm
#18
Original Poster
Join Date: Jan 2004
Location: Louisville, KY, USA
Posts: 2,583
Give Zidisha a try. Join at https://www.zidisha.org/index.php?refid=3284.
Mar 3, 2013, 5:00 pm
#19
Join Date: Aug 2011
Location: Idaho
Programs: US Airways, Silver United, Gold Hilton, Platinum Marriott, Gold SPG
Posts: 749
Give Zidisha a try. Join at https://www.zidisha.org/index.php?refid=3284.
Mar 5, 2013, 10:33 am
#20
Original Poster
Join Date: Jan 2004
Location: Louisville, KY, USA
Posts: 2,583
Thanks Siberian Tiger.
Since FT does not yet have a team, you might want to go to https://www.zidisha.org/index.php?p=80 and join the milepoint lending group. Right now it is the number one team with over $96,500 in impact.
BTW, if someone wants to form a FT team, I will join. Loans count for each team you join. So if I lend $100 and join three teams, each teams impact increases by $100.
Many of the groups found on Kiva are here at Zidisha. FT would be a welcomed addition.
Since FT does not yet have a team, you might want to go to https://www.zidisha.org/index.php?p=80 and join the milepoint lending group. Right now it is the number one team with over $96,500 in impact.
BTW, if someone wants to form a FT team, I will join. Loans count for each team you join. So if I lend $100 and join three teams, each teams impact increases by $100.
Many of the groups found on Kiva are here at Zidisha. FT would be a welcomed addition.
Sep 1, 2014, 5:45 am
#22
Join Date: Jan 2013
Posts: 186
I've been lending with Zidisha for almost a year now.
My way is to use the automated lending feature. If you want to preserve your funds long term you need to set your interest rate to at least 10% in order to offset losses from people defaulting (although I think Zidisha are getting better at screening the borrowers as time goes by). I set the automated lending feature to lend to whoever's loan application is going to expire soonest. It lends out $10 for each borrower. I have $1000 in Zidisha, so I have a large portfolio of borrowers.
My way is to use the automated lending feature. If you want to preserve your funds long term you need to set your interest rate to at least 10% in order to offset losses from people defaulting (although I think Zidisha are getting better at screening the borrowers as time goes by). I set the automated lending feature to lend to whoever's loan application is going to expire soonest. It lends out $10 for each borrower. I have $1000 in Zidisha, so I have a large portfolio of borrowers.