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Author Topic: MBK Partnership on hold  (Read 4327 times)
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saabnet
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« Reply To This #10 on: July 30, 2008, 10:48:50 AM »

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« Last Edit: August 25, 2008, 01:14:45 PM by saabnet » Logged

nobodynowhere
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« Reply To This #11 on: July 31, 2008, 01:03:03 PM »

The thoroughness of your first two posts to this new (to you) community leaves a lot to be desired. I fail to follow the logic of your comment above at all. Why would MBK sever their relationship with Kiva temporarily if they wanted to manipulate Kiva and its lenders to continue funding (their projects??) their loans? I'd go as far as to say that whatever happened here on KF had about 1% to do with MBK leaving and what's on the MFI page on Kiva is about 99% of why they left. To me, it seems very straightforward. There's not much conspiracy theory material here.

Interesting name by the way, perhaps you can back up a bit and start by introducing yourself to the community here in the Introductions thread and maybe tell us what it is about Kiva that you do like that made you start lending.

-Scott

First, I've been reading this board for a while, I just never posted before.

If you read the note from a Kiva employee on the matter, they mentioned that because Kiva lenders wanted to go into Africa (and I can hardly blame them, Africa is a region that should be targeted), they didn't conduct the due diligence that they normally do.  Reading between the lines, it sounds like something fishy was going on.  Kiva has learned from their mistake, so I don't think this will be a problem again.

MBK would sever their relationship if it meant that Kiva wouldn't be able to pursue conducting some due diligence.  It's certainly going to be harder for Kiva if MBK isn't working with them anymore.  (It also makes MBK look sympathetic in the eyes of the lenders.  That seems to be working.)

I don't think it's a conspiracy, and I'm not sure why you think I am implying that. 
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saabnet
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« Reply To This #12 on: July 31, 2008, 01:19:44 PM »

MBK would sever their relationship if it meant that Kiva wouldn't be able to pursue conducting some due diligence.

Thanks very much for taking the time to introduce yourself and welcome to KivaFriends. I'm hoping we can get off on better footing. I apologize for my impoliteness.

I appreciate you filling in the gaps and definitely share most of your views on the Africa situation.

As for the MBK stuff; the only thing I'd point out is that Kiva also posted here that there really wasn't any due diligence pending as the error was that automatic payment updates had been accidentally turned off by one of MBK's employees and had gone unnoticed by both Kiva and MBK (for quite some time)...

Thanks for the post and again, welcome to the forum.

-Scott
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