New Website System of Showing Loan Repayment Terms

[Guest]

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[AccountAbility]

....I would argue that the most stable label for a repayment is based on the borrower's loan terms--not when the lender might expect to get re-credits back.  Assuming the borrower makes a repayment, how the monies then flow depend upon variables which are not controllable and in fact are not known until they happen.  For example, let's say the borrower has a repayment due March 10th.  The lenders could get their re-credits in April if there is a positive cash flow toward the MFI Field Partner.  If not, the re-credit will occur some time after April 15th and before May 15th (unless it is declared delinquent).

I'd rather the label simply identified it as the borrower's March 10th repayment.  Kiva right now is labeling it "May".

Dan

I am hearing that Kiva is now modifying the comments field to indicate whether a "delinquency" is due to the borrower not paying or the MFI Field Partner not forwarding the payment to Kiva.  For my one delinquent loan, the comment field does not specify.  (But I did get a journal saying that the borrower isn't currently paying.)

Dan

[KFLiaison]

I asked Liz during our last call at what cut-point the new designations would apply: would all loans show this indicator or only those which were funded after a particular point and if so, what is that point, roughly?  She said it would almost surely NOT apply to all existing loans, and she did not know at what date it would kick in, but would try to find out for me.

So if the loan in question in your portfolio is not a fairly new one, it may not be offering this information.

--Diane.

[AccountAbility]

As an update, seeing all the confusion posts over on the thread "Concerns over repayments on loans", it appears that the majority of the issues are not about whether the borrower has repaid but about the way Kiva is reporting the information.

As it is, Lenders don't even have a clear set of vocabulary to address what issues they are having.  So between the vocabulary and the labeling, there remains much confusion for virtually every lender (with the exception of a couple of exceptional Kiva Friends who patiently try to make sense out of it for the rest of us--Thanks guys  ).

Dan