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Author Topic: Defaults  (Read 47673 times)
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Skimmis
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« Reply To This #440 on: September 01, 2011, 04:10:42 AM »

I received two similar updates from AMK. And my worries are also similar.

FWIW, distressing though these are, I note that they are both quite rare in AMK's history and seem to be associated with a particular time frame two years ago. It seems to me that around the same time there were some questions about individuals showing up in several group photos at the same time. I wonder now whether in fact these individuals were participating in multiple AMK groups simultaneously. It could be that there were one or two individual loan officers at that time who were over-aggressively signing up clients.

But, it sucks. I lost around $4; others have lost their homes.
[/quote

And this shows that it can be important with enough information available regarding the loans ont he kiva website
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tomviolence
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« Reply To This #441 on: December 26, 2011, 08:05:06 PM »

Got this Sunday Dec 25th.

http://www.kiva.org/lend/270868?_te=de

Credituyo , this group loan had it's last payment of $72.20 on an expected $417.78 in June 2011. They are now 2.5 stars after being "re-evaluated" in September 2011. 
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cjp1973
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« Reply To This #442 on: January 20, 2012, 06:04:38 PM »

Well good and bad news! 

The bad first:  All of my AFS loans from Afghanistan have now defaulted   http://www.kiva.org/partners/34

The good:  My delinquency rate dropped Smiley

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greg3912
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« Reply To This #443 on: January 20, 2012, 07:54:02 PM »

Seems to be lots of this bad news / good news going around lately.  Shocked

My question: Does Kiva still do any kind of Default Journal or has that gone by the wayside?

Greg
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David2051
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« Reply To This #444 on: January 20, 2012, 07:59:50 PM »

I just got default notices for 7 Ariana loans, and (so far) 3 loan updates, so I think they still do default journals.  They just may take a bit to come in maybe.  Luckily most of mine had repaid $20 or more, but at least one was only $15.  I hope the borrowers are doing well and that a new partner will be available soon.
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« Reply To This #445 on: January 20, 2012, 08:05:45 PM »

me too David...
7 defaults... and 5 updates so far saying
Quote
This loan status change indicates that this loan has been settled, and no further payment is expected.  For more detail on the settlement agreed upon by Ariana and Kiva, please visit Ariana's Field Partner page at http://www.kiva.org/partners/34.

so sad Sad
-jan-
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« Reply To This #446 on: January 21, 2012, 05:11:16 AM »

 Shocked 9 defaults... and 10 updates so far  Cry
However.......I'll survive it. I 've read "The Dressmaker of Khair Khana"
and feel more than ever to support Afghan women.
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carien
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« Reply To This #447 on: January 21, 2012, 01:04:28 PM »

Well it has nothing to do with the lenders they payed the bad thing is that we never saw it coming payments were always in time.

The only thing I feel bad about my default loans is that it most of the loans are defaulted by some kind of wrong doing by the Mfi's

Those dollars don't hurt but now they make it impossible to help.


 Cry Cry Cry
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cpbailey
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« Reply To This #448 on: January 21, 2012, 07:11:05 PM »

Well it has nothing to do with the lenders they payed the bad thing is that we never saw it coming payments were always in time.

The only thing I feel bad about my default loans is that it most of the loans are defaulted by some kind of wrong doing by the Mfi's

Those dollars don't hurt but now they make it impossible to help.


 Cry Cry Cry


Actually, June through September the repayments were inaccurately attributed to borrowers when negotiations were taking place.  There wasn't good records to know who paid and who didn't (from what I can read into the history of the field partner).  Thus, Kiva is prorate repaying from some point in time.  You can read the history here: http://www.kiva.org/partners/34 on October 1.

Colette

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CelticHarpist
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« Reply To This #449 on: January 21, 2012, 09:06:39 PM »

Shocked 9 defaults... and 10 updates so far  Cry
However.......I'll survive it. I 've read "The Dressmaker of Khair Khana"
and feel more than ever to support Afghan women.

I had an Afgan loan default from all this, too. Just had to share that I read "I Shall Not Hate" by Izzeldin Abuelaish so now I feel compelled to loan to Palestinian borrowers. I'll need to read that book Dressmaker next.
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