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You can easily download the Zidisha loan app today and experience a seamless way to access financing for your business needs.
With timely repayments, you can boost your borrowing limit and secure your financial future through this innovative peer-to-peer lending platform.
Whether you need quick personal loans or funding for a business venture, Zidisha connects you with international lenders who are ready to support your financial goals.
How to Download the Zidisha Loan App
For Android Users:
- Open the Google Play Store on your smartphone or visit play.google.com via your browser.
- In the search bar, type “Zidisha” and select the first result.
- Tap Install to download the app.
- Once installed, launch the app to register for its services. Follow the installation and usage guidelines provided in the app.
iPhone Users:
Currently, the Zidisha loan app is not available on the Apple App Store for iOS devices. However, you can still access Zidisha services via their website. Ensure you have an active M-Pesa account to receive funds once your loan proposal is approved.
Understanding How Zidisha Works
Established in 2009, Zidisha is a non-profit peer-to-peer lending platform. Unlike traditional banks, Zidisha connects borrowers directly with individual lenders.
This innovative model allows users to post loan proposals, detailing their requested amount, purpose, repayment terms, and more.
Eligibility Requirements for Zidisha
To qualify for a loan through Zidisha, you need to:
- Be employed or running a business to ensure the ability to repay the loan.
- Have an active Facebook account for registration.
- Possess a good credit history verified through local credit bureaus.
- Have an active Safaricom mobile line registered in your name (for Kenyan users).
- Hold a valid national Identity card (for Kenyan residents).
How to Use the Zidisha App
- Install and Launch the App: Open the Zidisha app on your mobile device.
- Register: Click on “Continue with Facebook” to log in using your Facebook credentials.
- Agree to Terms: Accept the legal contract provided.
- Pay the Premium Membership Fee: This fee is a one-time payment that allows you to access higher credit limits (KES 1,000 in Kenya).
- Complete Your Profile: Provide the required personal information and select your country.
- Apply for Credit: Submit a detailed loan proposal through the app, stating the loan amount and its intended use.
Zidisha Repayment Terms and Methods
Zidisha allows you to choose your preferred repayment schedule based on your financial capabilities. Once your loan is funded, you will receive email instructions detailing the repayment amounts and due dates.
Repayment Options Include:
- M-Pesa: Use PayBill No: 600201, with your mobile number as the account number for repayments in Kenya.
Repayment flexibility is a key feature of Zidisha, allowing borrowers to modify their payment plans if necessary, helping them maintain a good credit standing.
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