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Hi mcintyre1994, Thanks for noticing that. I am not finding the quote "And that's just for repeat borrowers (by sheer chance, none of the 20 random loans was
by jkurnia 13y ago
Hi mcintyre1994,
Thanks for noticing that. I am not finding the quote "And that's just for repeat borrowers (by sheer chance, none of the 20 random loans was from a first-time borrower)." in the blog post now.
I did take a look at the borrower profiles that were linked below the photo collage, and the majority of them were indeed first-time loans. These can be identified in that only second and subsequent loans include the link "View previous loans" below the on-time repayment rate displayed in the profile pages.
- thebooktocome 13y agoFirst paragraph under section 3, "Not Including Borrower Fees in Zidisha's Interest Rates".
- jkurnia 13y agoI see it now. I believe the blog post author is mistaken though: the majority of the examples he provided were first loans.
- modernm 13y agoI doublechecked and didn't see any mention of a one-time registration fee on any of those 20 loans? I'll go back and look at the 20 loans with your tip in mind, and recalculate APRs separately for both first-time borrowers and repeat borrowers, and update the post.
- jkurnia 13y agoHi modernm, I see what you mean. This is confusing because our website is programmed to display the registration fee only for applicants who have not yet had a loan disbursed. Once a loan is disbursed, the fee is paid and is no longer displayed in the loan profile page as part of the amount due to be paid by the borrower. The second and subsequent loans contain a link "View previous loans" under the "On-Time Repayments" record in the right panel. All the loans that do not have that link are first loans.