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Kiva faq slides Kiva faq slides Presentation Transcript

  • Q & A: How does Kiva choose it’s Field Partners?
    • Kiva partners with established microfinance institutions with a social mission of lending to the poor. We conduct extensive due diligence on each Field Partner. 
    • In order to become a Field Partner with Kiva, a microfinance institution must, at a minimum:
    • Serve at least 1,000 active borrowers with microfinance services
    • Have a history (at least 2-3 years) of lending to poor, excluded, and/or vulnerable people for the purpose of alleviating poverty or reducing vulnerability
    • Be registered as a legal entity in its country of operation
    • Have at least 1 year of financial audits
    • We also prefer an MFI have a profile on the MIX Market ( www.mixmarket.org )
    • For more information, please visit our Risk and Due Diligence Center:
    • http://www.kiva.org/about/risk
    • and our Partner Information Center:
    • http://www.kiva.org/partners/info
  • Q & A: What about the Delinquency Rates on Kiva?
    • Kiva defines the Delinquency (Arrears) Rate as the amount of late payments divided by the total outstanding principal balance Kiva has with the Field Partner.
    • Arrears can result from late repayments from Kiva borrowers as well as delayed payments from the Field Partner.  
    • Many Kiva Field Partners have very low Delinquency Rates because of their strong credit methods including situations where borrowers are required to join borrowing support groups – which chip in when a group member is unable to repay on time.
  • Q & A: Optional Donations at Check-out
    • Kiva supports our operations through "optional fees" and donations from our lender community. 
    • 100% of every dollar you lend on Kiva goes directly towards funding loans.
    • Kiva does not take a fee, so we rely on small optional donations to keep our site running.
    • Our system automatically suggests a 15% donation on every loan, however donations to Kiva's operational expenses are completely optional, so you can choose to donate $0.00 when you lend. 
    • ______________________________________________________________________
    • When you check out, please follow these steps to change your donation amount:
    • When you're in the "My Basket" section, click the "Edit" link where you see the donation amount listed.
    • You'll see a pop-up, and you can select "$0.00 (Not now)" from the drop-down menu.
    • Click "Save" and then click "Continue" to proceed.