Kiva Help

About the Entrepreneur(s)

  1. Repayment Term
  2. Lenders Repaid
  3. Currency Exchange Loss
  4. Date Posted
  5. Date Listed
  6. Date Disbursed
  7. Date Funded
  8. Default Protection
  1. Repayment Term:
    This is the number of months it takes from the point that the loan is disbursed to the entrepreneur to the point when the last repayment will be paid into your Kiva account.
  2. Lenders Repaid:
    This status is the frequency with which repayments will be made into your Kiva account. It can be any of the following:


    Monthly - One repayment made per month

    At end of term - One repayment made at the end of the loan term

    Irregularly - Any other repayment schedule
  3. Currency Exchange Loss:
    When lending funds across national boundaries, the local currency in the Field Partner's country of operation may lose some of its value relative to the USD, thus requiring the Field Partner to use more of its local currency to reimburse Kiva in USD. Kiva offers Field Partners the option to protect themselves against severe currency fluctuations (a US dollar appreciation of over 10% relative to the local currency) by sharing any losses greater than 10% with Kiva lenders.* By bearing these losses, lenders are able to protect the Field Partner and its borrowers from catastrophic currency devaluations.

    The Field Partner-specified Currency Exchange Loss to lenders can be one of three values: Covered, Possible, or N/A.



    Covered

    The Field Partner has opted to cover any losses on the loan that are due to currency fluctuation. Lenders will not bear losses due to currency fluctuation.


    Possible

    The Field Partner has opted not to cover losses on the loan that are due to currency fluctuation. In this situation, lenders face additional risk because they will bear losses greater than 10%.


    N/A

    The Field Partner disburses loans to borrowers in USD so their loans are not subject to any foreign currency conversion.


    *Note that loans posted before April 16, 2012 with currency exchange risk possible only share losses greater than 20% with lenders.

  4. Date Posted:
    This is the date that the loan request was posted to Kiva by our Field Partner.
  5. Date Listed:
    This is the date that the loan began fundraising on Kiva.
  6. Date Disbursed:
    Each of Kiva's Field Partners operate a little differently, and while some need to wait for Kiva to wire the loan funds to them before they can disburse the loans, others have funds on hand - from savings or working capital - which they can use to front the funds before they receive the wire from Kiva. Additionally, most Field Partners also have their own funds which they use to finance some loans, and so in some cases the Field Partner even disburses the loan before it is funded on Kiva, knowing that if the loan is not funded they have the funds to finance the loan themselves. This is why the loan disbursal date can vary, from up to 30 days after the loan is funded, to even before the loan was funded on Kiva.
  7. Date Funded:
    This is the date that the loan request was fully funded.
  8. Default Protection:
    In the event of an entrepreneur default, the Field Partner will cover the loan principal.