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Author Topic: Option to remove oneself from loan while loan is not fully funded  (Read 5781 times)
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wind5001
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« on: June 22, 2010, 12:49:29 AM »

I did this for the first time, and I am mad:

I joined this loan http://www.kiva.org/lend/203171 a couple of weeks back, since I had not loaned to Azerbaijan in a while. 2 weeks later and after a repayment cycle, while the loan was still not even 50% funded, I checked the site again and now noticed a whopping 51% delinquency rate. I cannot recall having seen that when I made the loan, but maybe it was there. And anyway, I believe it is insane to have an MFI with over 50% delinquency still raise funds on Kiva.

I immediately sent Kiva an email asking them to withdraw me from the loan. I am not willing to lose even more than I have already lost on Kiva in such an obvious way. That was last Friday. Kiva still has not responded to my email. The loan is now fully funded.

Therefore, I ask for a button to enable lenders to withdraw their once given $25 until the loan is fully funded. It cannot be that hard to do that. And I am sure there are many out there that made a mistake in loaning in the first place and would be happy to change it.
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Skimmis
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« Reply To This #1 on: June 22, 2010, 11:37:57 AM »

I did this for the first time, and I am mad:


How would you feel if you had autolending set to "safe" setting 4 or more stars and this loan was selected ?

I have had the same tought as you. The  drawback would be that lenders could use this active to mainipulate the popularity of loans. Undecided
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wind5001
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Nackenheim, Germany
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« Reply To This #2 on: June 22, 2010, 04:13:24 PM »

Kiva's star rating is a complete joke...

And the drawback is really minor. I do not see how that can seriously affect popularity. It would take a lot of back and forth to achieve that.
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Skimmis
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« Reply To This #3 on: June 22, 2010, 10:34:21 PM »

Kiva's star rating is a complete joke...

And the drawback is really minor. I do not see how that can seriously affect popularity. It would take a lot of back and forth to achieve that.

It takes only about 4 people or some moore to give a loan at the same time, to give a significant boost on the popularity.
The lateloanlenders http://www.kivafriends.org/index.php/topic,4157.0.html do this  to bring a loan to the front page of kiva to convince other lenders to fully fund it.
Some have also tried to boost popularity by just clicking on loans lots and lots of times.
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