N/A, direct to LLK
What to know about this Lending Partner
Status update — March 20, 2021
Since the middle of 2018, LLK has been facing financial and operational problems mainly linked to lack of customer traction. LLK's largest customer shut down in 2018 resulting in a 50% loss of revenue. Despite the implementation of new sales strategies, LLK has been unable to recover. The Covid-19 pandemic added another level of difficulty with travel bans in place and the inability to ship some of the merchandise. The company hasn't generated any profits in the last 12 months and prospects for loan recovery are minimal. Because prospects for loan recovery are minimal, we are defaulting this loan. Kiva will continue to seek updates from LLK and hopes to be able to share better news in the near future. If LLK is able to make any future repayments to Kiva, they will be passed along to lenders.
Status update — September 4, 2018LLK has failed to meet its payment obligations to Kiva lenders since January 2018 and the $21,000 are now delinquent.
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There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile.