missing business idmissing period (YYYYMM) [Kiva Help] Currency Exchange Loss Breakdown

Kiva Help

Currency Exchange Loss Breakdown

  1. Explanation of Currency Exchange Loss to Lenders on this Repayment
  2. Amount of Currency Exchange Loss
  3. Amount of Currency Exchange Loss covered by Field Partner
  4. Amount of Currency Exchange Loss to Lenders
  5. Amount due to Lenders after Currency Exchange Loss
  1. Explanation of Currency Exchange Loss to Lenders on this Repayment:
    Expected Repayment
    Expected Repayment Amount (USD):$0.00
    Exchange Rate on Date Posted to Kiva ():0.0000 = 1 USD
    Expected Repayment Amount (Local Currency):$0.00
    Actual Repayment
    Actual Entrepreneur Repayment (USD):$0.00
    Exchange Rate on Date Billed ():0.0000 = 1 USD
    Actual Entrepreneur Repayment (Local Currency):$0.00
    Currency Exchange Loss
    Amount of Currency Exchange Loss:$0.00
    Amount of Currency Exchange Loss covered by Field Partner:$0.00
    Amount of Currency Exchange Loss to Lenders:$0.00
    Amount Due to Lenders after Currency Exchange Loss:$0.00

    All Kiva Exchange Rates are updated nightly from www.xe.com.
  2. Amount of Currency Exchange Loss:
    While the entrepreneur may have repaid the expected amount, the severe fluctuation in Currency Exchange Rates between the time the loan was posted and the time this payment was billed resulted in the US Dollar value of the repayment being much less than expected.


    How this is calculated:


    Expected Repayment Amount (USD) - Actual Entrepreneur Repayment (Local Currency) / Exchange Rate on Date Billed


    For more on Currency Exchange Loss, visit Kiva's Help Center.
  3. Amount of Currency Exchange Loss covered by Field Partner:
    This is the amount of the cost of currency fluctuation that the Field Partner will cover. The Field Partner will cover the cost in local currency of up to 10% appreciation of the US Dollar relative to the local currency.


    How this is calculated:


    10% * Expected Repayment Amount (Local Currency) / Exchange Rate on Date Billed
  4. Amount of Currency Exchange Loss to Lenders:
    This is the portion of the cost of currency fluctuation that lenders bear. The Field Partner is responsible for covering the cost of the first 10% of appreciation (of the U.S. Dollar) in local currency. Because this is a loan in which "Currency Exchange Loss" is possible, lenders cover the remainder of the cost.


    How this is calculated:


    Amount of Currency Exchange Loss - Amount of Currency Exchange Loss covered by Field Partner
  5. Amount due to Lenders after Currency Exchange Loss:
    This is the net repayment to lenders after accounting for Currency Exchange Loss.


    How this is calculated:


    Actual Entrepreneur Repayment (USD) + Amount of Currency Exchange Loss covered by Field Partner