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It is true that 74% of loans whose final repayment due date has passed have been repaid. We expect the ultimate repayment rate of those loans will be higher th
by jkurnia 13y ago
It is true that 74% of loans whose final repayment due date has passed have been repaid. We expect the ultimate repayment rate of those loans will be higher than that, because many loans are repaid after their due dates.
In addition, most of the loans covered by the historical repayment rate displayed in our website were issued over a year ago. Our repayment performance has improved substantially in the past year, such that risk level of loans currently being issued is lower than our historical repayment rate suggests.
Zidisha is still not a safe place to store savings or a lucrative investment opportunity, but I think it's reasonable to expect that the value of lending funds can be preserved over the long term, while offering financing opportunities at dramatically lower cost to the borrowers. As a nonprofit philanthropic platform, that is Zidisha's purpose.
- briholt 13y agoIt'd be really nice if you offered more detailed stats, especially a CSV of all loans with all relevant info. (Maybe you do have this and I just didn't see it on the site). I'm sure there's a lot of data scientists who could pull a lot of useful information. Kiva has both an API and a graphical search of all loans. I did some simple analysis on Kiva's loans and that influenced some preliminary investing. I don't intend to make any money, but applying stats is part of the "fun" for me.
- jkurnia 13y agoWe do offer access to the data that makes up the graph depicting trends in on-time repayment rates at Zidisha: https://www.zidisha.org/index.php?p=114 https://www.zidisha.org/index.php?p=114 It generates a simple table with the repayment performance of each of the 6000+ loans that have been funded through our platform, with links to the individual loan profile pages. We'd definitely like to offer an API similar to Kiva's, when web development resources allow.