FlyerTalk Forums - View Single Post - Using Kiva to manufacture spend
Thread: Using Kiva to manufacture spend
View Single Post
Old Sep 4, 2018 | 8:51 pm
  #158  
ChrisFlyer66
10 Countries Visited
All eyes on you!
15 Years on Site
 
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,772
Originally Posted by sudden729
Yup! Kiva also recently changed it's default protection policy: https://www.kiva.org/blog/update-on-...ult-protection

In the past, the field partner had the option of making a repayment on behalf of the borrower if the borrower was delinquent. That option is no longer available... so expect to see spikes in default rates!!!
Wow, I hadn't noticed that before. I find it silly that they refer to it as an "exciting change" that was made based on lender feedback. I find it hard to believe most lenders don't want field partners to cover their losses.
ChrisFlyer66 is offline  
Reply