Zidisha
Sign in to saveZidisha is a peer-to-peer microlending service that allows people to lend small amounts of money directly to entrepreneurs in developing countries. It is the first peer-to-peer microlending service to link borrowers and lenders across international borders without a local microfinance institution intermediary. The organization is named after the Swahili word (), which means "grow" or "expand".
Wikidata facts
- Instance of
- nonprofit organization
- Country
- United States
- Headquarters
- Sterling
- Industry
- financial services
- Revenue
- 1244784
- Official website
- www.zidisha.org
Show 5 more facts
- inception
- 2009-00-00
- investor
- Y Combinator
- social media followers
- 3363
- total assets
- 2597180
- donations
- 894780
Sources (2)
via Wikidata · CC0
~15 min read
Encyclopedic overview
16 sectionsContents
- History
- Lending process
- Borrowing
- Repayments
- Business Operations
- Regulatory status
- Interest rates
- Performance
- 2009-2014
- Performance by country
- June 2014 to May 2015
- Changes in reporting methodology
- Recognition
- See also
- References
- External links
Zidisha is a peer-to-peer microlending service that allows people to lend small amounts of money directly to entrepreneurs in developing countries. It is the first peer-to-peer microlending service to link borrowers and lenders across international borders without a local microfinance institution intermediary. The organization is named after the Swahili word (), which means "grow" or "expand".
The Zidisha website facilitates microlending transactions between individual web users worldwide and computer-literate, low-income entrepreneurs in developing countries. Users can fund loans, which borrowers use to develop businesses that improve their families' incomes. Borrowers can share business updates and communicate with lenders as they repay loans.
Excerpted from Wikipedia’s “Zidisha” article, available under the CC BY-SA 4.0 licence.