Kiva Help

Repayment Performance On Kiva

  1. Start Date On Kiva
  2. Total Loans
  3. Amount of Raised Inactive Loans
  4. Number Of Raised Inactive Loans
  5. Amount of Paying Back Loans
  6. Number Of Paying Back Loans
  7. Amount of Ended Loans
  8. Number Of Ended Loans
  9. Amount Repaid Vs Expected Rate
  10. Actual Repayments To Date
  11. Expected Repayments To Date
  12. Delinquency Rate
  13. Amount of Paying Back Loans Delinquent
  14. Number of Loans Delinquent
  15. Default Rate
  16. Amount of Ended Loans Defaulted
  17. Number Of Ended Loans Defaulted
  18. Amount of Currency Exchange Loss
  19. Currency Exchange Loss Rate
  20. Refund Rate
  21. Amount of Refunded Loans
  22. Number Of Refunded Loans
  1. Start Date On Kiva:
    Date at which the first business was posted on Kiva.org for this partner and all partners
    (i.e. date at which Kiva's first business was listed publicly).
  2. Total Loans:
    Total loans indicate the total amount of loans this organization has raised through the Kiva website. This excludes refunded loans.
  3. Amount of Raised Inactive Loans:
    Total amount of loans raised but not yet disbursed to the intended entrepreneur.
    Typically, loans are disbursed within 30 days of being raised on Kiva's website.
  4. Number Of Raised Inactive Loans:
    Total number of loans raised but not yet disbursed to the intended entrepreneur.
  5. Amount of Paying Back Loans:
    Total amount of loans raised and disbursed which are in the process of being paid back by an entrepreneur.
  6. Number Of Paying Back Loans:
    Total number of loans raised and disbursed which are in the process of being paid back by an entrepreneur.
  7. Amount of Ended Loans:
    Total amount of loans raised and disbursed which are no longer in the process of being paid back by an entrepreneur. This excludes refunded loans.
  8. Number Of Ended Loans:
    Total number of loans raised and disbursed which are no longer in the process of being paid back by an entrepreneur.
  9. Amount Repaid Vs Expected Rate:
    The ratio of actual repayments to Kiva lenders vs. expected repayments at this point in time. The actual value can include prepayments, with the result that this number can sometimes exceed 100%.
  10. Actual Repayments To Date:
    Total actual amount of repayments made by this partner to date.
  11. Expected Repayments To Date:
    If all payments are made, the total amount of repayments expected from this partner to date.
  12. Term:
    Defn
  13. Amount of Paying Back Loans Delinquent:
    Current principal balance of all Paying Back Loans with one or more repayments past due.


    How this is calculated:


    • Once a loan becomes Paying Back, repayments are expected according to a monthly schedule established by the field partner at the time of loan posting.

    • The first monthly installment is due on a date established by the partner.

    • The partner has between one to two months after collecting from the entrepreneur to send Kiva the repayments.

    • When Kiva receives the repayments, they mark the payment as received and return that money to the lenders.

    • If an installment has not been fully repaid and is past due, the remaining principal balance is considered late



    Example with a $1000 loan paid evenly over a 10 month loan term, that becomes Paying Back on January 1 and has its first repayment on January 30:


    • The monthly installment due = $100 ($1000 loan amount / 10 month term).

    • The first monthly installment is due to the partner on January 30. Kiva invoices the partner for the payment on February 15 and expects to receive this payment by March 1.

    • On March 2, assume that only $50 of the expected $100 installment is repaid.

    • On March 2, the "Amount of Paying Back Loans Late" = $950 (the remaining principal balance).

    • On March 3, assume that the other $50 is repaid and the January installment due is repaid in full.

    • On March 4, the "Amount of Paying Back Loans Late" = $0


  14. Number of Loans Delinquent:
    Number of Paying Back Loans with one or more repayments past due.
  15. Default Rate:
    Percentage of Ended Loans (no longer paying back) which have failed to repay (measured in dollar volume, not units).


    How this is calculated:


    Amount of Ended Loans Defaulted / Amount of Ended Loans


    Notes:


    • Many Field Partners do not yet have many Ended Loans due to their short history on Kiva (see "Time on Kiva"). A more meaningful indicator of principal risk is "Delinquency Rate".

    • For loans that are delinquent at the end of a loan term, Kiva allows the Field Partner 6 additional months to attempt collections before deeming the loan as Defaulted.


  16. Amount of Ended Loans Defaulted:
    Remaining balance due on ended loans which are not repaid in full.
  17. Number Of Ended Loans Defaulted:
    Number of Ended Loans which are not repaid in full.
  18. Amount of Currency Exchange Loss:
    Amount of loans not repaid due to currency fluctuations.


    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.
  19. Currency Exchange Loss Rate:
    The percentage of loans for which losses have been realized due to currency fluctuations.


    How this is calculated:

    Amount of Currency Exchange Loss / Total Loans
  20. Refund Rate:
    Percentage of Total Loans that have been refunded due to an error. Errors vary from the unintentional (e.g. Field Partner accidentally uploaded a duplicate Entrepreneur profile which received funding and recognized it later) to more serious issues (e.g. a Kiva audit discovered that loan funds were used inappropriately). In the latter case, Kiva will attempt to refund lenders with any funds recovered. In all cases, information about why the refund was issued is published on each loan listing page.



    How this is calculated:


    Amount of Refunded Loans / Total Loans
  21. Amount of Refunded Loans:
    Total amount of loans refunded to lenders due to an error.
    Errors vary from the unintentional (e.g. Field Partner accidentally uploaded a
    duplicate Entrepreneur profile which received funding and recognized it later) to more serious issues
    (e.g. a Kiva audit discovered that loan funds were used inappropriately).
    In the latter case, Kiva will attempt to refund lenders with any funds recovered.
    In all cases, information about why the refund was issued is published on each loan listing page.
  22. Number Of Refunded Loans:
    Total number of loans refunded to lenders due to an error. See Amount of Refunded Loans for error possibilities and handling.