This is a legally binding contract between (Applicant Name) ____________________________________________
of Address ____________________________________________________________________________________
and National Identity Number ___________________________ and Zidisha Inc. (Zidisha), a nonproﬁt organization
located at 21900 Muirﬁeld Circle #302, Sterling, Virginia 20164 United States.
I, (Applicant Name) ____________________________________________, conﬁrm that I understand and agree to the following:
1. Zidisha is a lending community that offers high-achieving people the chance to raise loans limited only by each person’s record of responsible performance. Zidisha does not fund the loans itself. Rather, Zidisha manages a website, www.zidisha.org, that allows ordinary people all over the world (the lenders) to fund loans of their choice and to communicate directly with the borrowers.
2. Membership in Zidisha is highly selective, and submission of an application does not guarantee acceptance. If an applicant passes the review process and is approved for membership in Zidisha, he or she will have access to offer loan funding opportunities to Zidisha lenders using the Zidisha.org website.
3. First-time Zidisha loan sizes are very small, but maximum loan amounts increase each time a member repays a loan on time. Members may earn additional increases in maximum loan amounts by making 100% of monthly repayment installments on time, and by sharing detailed, frequent comments with lenders on the Zidisha.org website.
4. Zidisha does not charge any fee to create a member account or to apply for a loan. Zidisha deducts a new member registration fee from the disbursement of the ﬁrst loan only after the ﬁrst loan is funded, in accordance with the fee amounts speciﬁed in the Zidisha.org website. Interest rates are composed of a ﬂat 5% fee to cover money transfer costs, plus the ﬂat interest...