New Unused Credit Policy

[Guest]

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[AccountAbility]

Part of the problem is that the relationship between Kiva and its lenders is not legally defined with any precision.  Perhaps this is a conscious effort to avoid certain industry's regulation.  So they are avoiding words like deposit, investment, security and so forth.  But by having no clear legal definition, it is equally unclear how to find legal ways with dealing with this problem.  This lack of clarity needs to be cleared up before this problem can be fully addressed.  (And it might be too late to fix pre-existing conditions)

One area that I think has promise is in contract law.  Contracts need to be fully agreed upon by both parties, but have the advantage of allowing predetermined actions to occur if certain circumstances become reality.  Monies held under contract are not normally subject to escheat when there remain future triggers which require action on the funds. (A poor example is a security deposit on real estate.)

Dan

[JoanW]

I know everyone is having fun re-loaning all the money recently returned....but is there any update on this policy change?

[Diane R]

Joan, Premal posted that there would be a call TOMORROW on this topic and others, and that "the policy - whatever is decided - will not be in force until after the call."  I am looking forward to this call.

--Diane.

Hi Everyone -

Just want to let you know that we're following this thread closely and that the feedback is being considered.  I'd love to set up a Kiva "Community Conference Call" where we could discuss this issue and any other issue.  I know Gerard will be publishing the conference call invitation on the Kiva Blog so lenders not on Kiva Friends can discover it.

Based on how this goes, I'd like to schedule a similar call with Matt or myself and others on the Kiva team on a periodic basis. 

The next call I'm proposing is next Wednesday, Dec 17, at 2pm PST / 5pm EST.

Dial In (U.S.):  866-740-1260
Dial In (Outside U.S.): +1 303-248-0285
Access Code: 6415483

Hope to speak with many of you then!

Premal

[Sengbe Pieh]

Hi Everyone -

Just want to let you know that we're following this thread closely and that the feedback is being considered.  I'd love to set up a Kiva "Community Conference Call" where we could discuss this issue and any other issue.  I know Gerard will be publishing the conference call invitation on the Kiva Blog so lenders not on Kiva Friends can discover it.

Based on how this goes, I'd like to schedule a similar call with Matt or myself and others on the Kiva team on a periodic basis. 

The next call I'm proposing is next Wednesday, Dec 17, at 2pm PST / 5pm EST.

Dial In (U.S.):  866-740-1260
Dial In (Outside U.S.): +1 303-248-0285
Access Code: 6415483

Hope to speak with many of you then!

Premal

The info for the call tomorrow.                                                                                                                           

Oops!! I see Diane beat me to it.

You got it Diane the very NEXT time we bump into each other

[Diane R]

Geoff -- you owe me a Coke! 

--Diane.

[wthepoo]

Hi, schlapke, und herzlich willkommen, 

I doubt that there will be an "official" transcript (there has not been one - at least not that I know of - regarding the two recent "MIFEX conference calls"), but hopefully some members here will volunteer to provide us with a brief summary?  pretty please 

Best wishes,
Wolfgang.

[Sengbe Pieh]

Hi Schlapke &  to KF.                                                                                                                                           

                                                                                                                                                                       

Kiva was supposed to record & post a transcript of a conference call from a couple of weeks ago but due to "technical difficulties" that never materialized.

                                                                                                                                       

Based on that one experience it is hard to say. We should know more tomorrow.

                                                                 

Geoff

                                                                                                                                             

P.S. The second MIFEX call was not recorded & Kiva had not planned to do so (I was on both calls).

[Peter S]

Hi Everyone -

Just want to let you know that we're following this thread closely and that the feedback is being considered.  I'd love to set up a Kiva "Community Conference Call" where we could discuss this issue and any other issue.  I know Gerard will be publishing the conference call invitation on the Kiva Blog so lenders not on Kiva Friends can discover it.

Based on how this goes, I'd like to schedule a similar call with Matt or myself and others on the Kiva team on a periodic basis. 

The next call I'm proposing is next Wednesday, Dec 17, at 2pm PST / 5pm EST.

Dial In (U.S.):  866-740-1260
Dial In (Outside U.S.): +1 303-248-0285
Access Code: 6415483

Hope to speak with many of you then!

Premal

just bumping this, as it's under 3 hours away.

And in case the times Premal stated seem slightly US-centric, this is when the call starts in a few other parts of the world, chosen entirely at random..

Halifax NS                        6pm
UK                                10pm
France, Germany             11pm (and of course most of the rest of Europe)
Adelaide                         8.30am
Melbourne                       9am

[cpbailey]

Peter,

I suspect the call is the post lunch time for Kiva staff.  If you live in California, it is smack dab in the middle of work hours which might also be inconvenient for many with jobs.  Many jobs don't allow an hour mid afternoon break.  For me, I have a school appointment at 1:15, and school pickup is at 2:30pm, in the middle of the hour chat.  So, sometimes life gets in the way of Kiva.   

Whoever, does make chat, please represent and then present!

Colette

[Peter S]

I should have made myself clearer.  I wasn't suggesting that the actual timing of the call was US-centric, just that the presentation of the time ("2pm PST / 5pm EST") could usefully have included a little nod towards the many Kiva lenders in Europe and Australia and elsewhere who will be able to join the call.

P