Zidisha – Lend directly to people in developing countries
Zidisha managed something that most of other lending platforms couldn’t, get rid of the middle man. In this case member of Zidisha can lend money person to person and be in direct contact with their lender.
They as an experiment in 2009, with an untested concept; P2P lending for entrepreneurs in developing countries. Today they are present in multiple countries in Africa and Asia, with a repayment rate of 98.75%. Additionally they have an amazing average annual interest and fees paid by Zidisha borrowers of around 8%. While other micro financing institutions can easily go above 30-40% interest rates.
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