Programs: AC E, SPG nothing but wannabe Platinum :-)
Posts: 1,510
A comment (but not a complaint):
I checked the Kiva website a few weeks back and noticed to my delight that some of the loans had been partially repaid. I happily topped up the payback and made another $25 loan.
Sometime last week I received an email from Kiva noting that some loans had been repaid. I checked today, and my Kiva balance is $0.
So obviously, Kiva is slow at sending out notices for repaid loans. While this isn't problematic for me at all, I do find it a trifle odd that repayments and notifications aren't more or less simultaneous.
I checked the Kiva website a few weeks back and noticed to my delight that some of the loans had been partially repaid. I happily topped up the payback and made another $25 loan.
Sometime last week I received an email from Kiva noting that some loans had been repaid. I checked today, and my Kiva balance is $0.
So obviously, Kiva is slow at sending out notices for repaid loans. While this isn't problematic for me at all, I do find it a trifle odd that repayments and notifications aren't more or less simultaneous.
I checked the Kiva website a few weeks back and noticed to my delight that some of the loans had been partially repaid. I happily topped up the payback and made another $25 loan.
Sometime last week I received an email from Kiva noting that some loans had been repaid. I checked today, and my Kiva balance is $0.
So obviously, Kiva is slow at sending out notices for repaid loans. While this isn't problematic for me at all, I do find it a trifle odd that repayments and notifications aren't more or less simultaneous.
Anyone else notice this?
The credit email has sometimes been delayed for me as well, but I've learned when to look for credits. (thanks to info on the kivafriends.org forum)
The major posting of credits happens on the 15th of the month - it runs alphabetically by Field Partner (FP) throughout the day. My understanding is that on the 15th the loan payments due are netted against the funds the FP has raised on Kiva to that date and credits are posted.
If the FP owes more than they've raised, they have until the 1st of the next month to transfer payment to Kiva until the loan is considered delinquent. In a few cases, I've had credits trickle in over the last two weeks of the month.
You can click on the "show advanced" link to the right of the repayment schedule on the loan page to see the details of payments made from entrepreneur to FP and from FP to Kiva. I've had a couple of loans go delinquent - one was due to the entrepreneur getting behind (but then catching up) with payments, the other one the details show the entrepreneur has paid, but the FP has not yet paid Kiva.
If you're looking to relend - there are a whole bunch of group loans in Bolivia and Peru that have about 10 days left to be funded. These are short term loans - generally paid back in 4 or 5 payments.
I suspect some batch processing - there are sometimes lags - even in showing how much the individual or group has loaned, though that often takes less than one half hour. In the end, I have never had any problems with Kiva itself, though one or two lenders have gone temporarily delinquent over time (85 loans, 55 in repayment, 30 paid, and I've just re-lent some repaid money.)
We are now up to
FlyerTalkers
Number of Team Members 69
Number of Loans 322
Number of Loans per Member 4.67
Total Amount Loaned $9,725.00
Can the magical $10,000 be far?
__________________ Lend a hand up with Kiva; far more than a hand out.
"Umuntu ngumuntu ngabantu" (Isizulu)
Last edited by JDiver; Sep 20, 09 at 9:46 pm.
Reason: add a bit
Do you guys have anything special you look for in making a loan? So far, I've always loaned to entrepreneurs in food-related businesses, especially street food. Yum.
I look for female entrepreneurs, and I like to do countries I've been to. I love Uganda so my one loan (so far) was to there, and I'd probably look there first again.
I, also, specifically loan to female entrepreneurs. Women simply don't have the same work opportunities as men in much of the world. Beyond that, I'd love to figure out a more systematic way to make my loans, as I'm very random at the moment. Fortunately, each loan is only the cost of a lunch or two, so I don't feel compelled to do a lot of analysis. I tend to chose a country, limit it to women, and loan to work efforts that appeal.
