Kiva Field Partner Delinquency and Default Histories

[Guest]

.

[RichardF]

The Kivapedia List of Kiva Field Partner Delinquency Histories includes Kiva API Field Partners data collected with the help of YowieFreak’s summary spreadsheet.  Field Partners in non-closed status as of October 31, 2010, are included.  Daily delinquency history charts for most Field Partners posting new loans on Kiva as of late April 2010 also are available at Kiva Lens under the Partner tab.  An overview of how Kiva Field Partner delinquencies are determined is available at the Kiva Blog - Change to Billing Cycle article.

The Kivapedia List of Kiva Field Partner Default Histories also includes Kiva API Field Partners data collected with the help of YowieFreak’s summary spreadsheet.  Field Partners as of November 1, 2010, are included.  Daily default  history charts for most Field Partners posting new loans on Kiva as of late April 2010 also are available at Kiva Lens under the Partner tab as well.

Edit: Link fix.

[RichardF]

Kiva Field Partner Delinquency Rate Increases from OCT 31 to NOV 1, 2010

As of November 1, 2010, Kiva reports 77 (50%) of 154 non-closed Field Partners with increases in delinquency rates from October 31 to November 1.  According to Kiva’s description of its billing cycle, this indicates each such partner did not remit to Kiva the full amount billed to it on October 15 for any partner delinquent amounts and amounts collected by the partner from its Kiva Entrepreneurs during the month of September.  Because Kiva does not publicly report its actual net billing amounts or amounts collected from partners for these bills, only Kiva can confirm or refute this conclusion.

Partner	Status	10/31	11/1	Increase
South Pacific Business Development (SPBD)	active	0.00%	47.51%	47.51%
K-Met Savings and Credit Cooperative Ltd	paused	12.42%	56.40%	43.98%
Sinapi Aba Trust (SAT)	paused	1.39%	40.46%	39.07%
Ryada	active	19.29%	45.76%	26.47%
ADIM (Asociación Alternativa Para el Desarrollo Integral de las Mujeres)	active	1.02%	23.06%	22.04%
Fundacion D-MIRO Mision Alianza	active	0.50%	20.79%	20.29%
Micro Credit for Development and Transformation SACCO (MCDT SACCO)	pilot	0.49%	19.28%	18.79%
Faulu Kenya	active	1.44%	18.51%	17.07%
LAPO Sierra Leone (LAPOSL)	paused	0.00%	15.96%	15.96%
Pearl Microfinance Limited	active	0.85%	16.60%	15.75%
Youth Self Employment Foundation (YOSEFO)	active	22.40%	37.53%	15.13%
Christian Rural Aid Network (CRAN)	active	37.50%	52.58%	15.08%
Tanaoba Lais Manekat Foundation (TLM)	pilot	17.13%	30.43%	13.30%
ADEPHCA	active	19.85%	32.62%	12.77%
IMON International	active	0.44%	13.02%	12.58%
EDESA	active	0.00%	12.13%	12.13%
FAPE	active	9.42%	20.98%	11.56%
Local Enterprise Assistance Program (LEAP)	active	8.39%	19.64%	11.25%
Juhudi Kilimo (JK)	active	4.79%	15.87%	11.08%
Aqroinvest Credit Union	active	7.10%	17.92%	10.82%
Prisma Honduras, S.A.	active	1.98%	12.22%	10.24%
CEPRODEL	active	0.00%	8.88%	8.88%
Microfund Togo	paused	47.67%	56.21%	8.54%
Salone Microfinance Trust (SMT)	active	0.45%	8.84%	8.39%
Hekima	pilot	0.00%	7.38%	7.38%
Fundación para la Vivienda Progresiva (FVP)	active	7.17%	14.33%	7.16%
MLO Humo and Partners	active	3.64%	10.19%	6.55%
UIMCEC	active	0.36%	6.27%	5.91%
Center for Community Transformation Credit Cooperative (CCT)	pilot	0.00%	5.48%	5.48%
Vision Finance Company s.a. (VFC)	active	3.71%	9.01%	5.30%
Ameen s.a.l.	active	8.11%	13.31%	5.20%
Cooperativa San Jose	active	0.16%	5.19%	5.03%
SMEP (Small and Micro Enterprise Programme)	pilot	2.89%	7.87%	4.98%
Caja Rural Señor de Luren	pilot	0.94%	5.55%	4.61%
CrediComun	active	1.92%	6.48%	4.56%
Fundación Mario Santo Domingo (FMSD)	pilot	0.68%	4.45%	3.77%
HOPE Ukraine/Nadiya	active	0.00%	3.45%	3.45%
Association for Rural Development (ARD)	active	1.77%	5.19%	3.42%
Yehu Microfinance Trust	active	0.56%	3.97%	3.41%
PADECOMSM	active	0.08%	3.33%	3.25%
HOFOKAM Ltd.	active	0.95%	3.89%	2.94%
Amasezerano Community Banking S.A.	pilot	0.00%	2.91%	2.91%
SEDA	active	0.00%	2.64%	2.64%
Fundación Leon 2000	active	0.81%	3.42%	2.61%
Grounded and Holistic Approach for People's Empowerment (GHAPE)	active	2.34%	4.86%	2.52%
Asociación Arariwa	active	0.14%	2.64%	2.50%
CIDRE	active	1.04%	3.54%	2.50%
Fundacion Mujer	pilot	1.93%	4.41%	2.48%
Microfinanzas Prisma	active	0.40%	2.76%	2.36%
Fundacion Realidad A.C (FRAC)	pilot	0.00%	2.31%	2.31%
Hattha Kaksekar Limited (HKL)	active	0.15%	2.44%	2.29%
Kenya Agency for Development of Enterprise and Technology (KADET)	active	0.00%	2.24%	2.24%
Esperanza International Dominican Republic	active	0.98%	3.20%	2.22%
Patan Business and Professional Women	active	0.00%	2.02%	2.02%
AFODENIC	active	0.28%	1.87%	1.59%
Fondo Esperanza	pilot	0.00%	1.53%	1.53%
Tujijenge Tanzania Ltd	active	0.75%	2.08%	1.33%
ACCION USA	pilot	4.95%	5.89%	0.94%
AMK (Angkor Microfinance Kampuchea)	active	1.11%	1.95%	0.84%
XacBank	active	0.91%	1.72%	0.81%
FAMA OPDF	pilot	0.00%	0.80%	0.80%
Emprender	active	0.86%	1.59%	0.73%
CREDIT	active	0.85%	1.57%	0.72%
Edpyme Alternativa	active	0.00%	0.68%	0.68%
Alidé	active	0.00%	0.59%	0.59%
Women and Associations for Gain both Economic and Social (WAGES)	active	0.00%	0.54%	0.54%
Pro Mujer Bolivia	active	0.32%	0.85%	0.53%
Manuela Ramos / CrediMUJER	active	0.00%	0.45%	0.45%
Fundación ESPOIR	active	0.00%	0.42%	0.42%
MAXIMA Mikroheranhvatho Co., Ltd.	active	0.00%	0.26%	0.26%
FECECAV	paused	46.89%	47.12%	0.23%
Al Majmoua Lebanese Association for Development	active	0.14%	0.33%	0.19%
Fundación Paraguaya	active	0.00%	0.18%	0.18%
Lift Above Poverty Organization (LAPO)	paused	0.09%	0.25%	0.16%
Community Economic Ventures, Inc. (CEVI)	active	0.01%	0.17%	0.16%
Negros Women for Tomorrow Foundation, Inc. (NWTF)	active	0.04%	0.12%	0.08%
BRAC Uganda	active	0.00%	0.05%	0.05%

In addition, three other paused Field Partners with double-digit delinquency rates did not change, which would be the case if no bills were submitted to these partners.

Partner	Status	10/31	11/1	Increase
Sero Lease and Finance Ltd. (SELFINA)	paused	62.19%	62.19%	0.00%
Admic Nacional	paused	38.41%	38.41%	0.00%
Senegal Ecovillage Microfinance Fund (SEM)	paused	37.66%	37.66%	0.00%

Based on the reported delinquency rate increases, questions such as the following arise for each Field Partner listed.  Has the Field Partner, in fact, made any repayments to Kiva as billed?  If no repayments have been made, why not?  If the delinquency rate increase is a result of the Field Partners not remitting repayments billed by Kiva, why is this occurring and what steps are being taken to remedy the situation?  What is the actual repayment history of the Field Partner when Kiva bills it for amounts due following each monthly settlement process?  If the Kiva net billing process has been suspended, why?

[RichardF]

Kiva Field Partner Default Rates Over 0.00% on NOV 1, 2010

As of November 1, 2010, Kiva reports 25 Field Partners with default rates over 0.00%.  Twelve of those partnerships now are closed, one is paused, three are pilots, and nine are in active status.  Far and away, the single largest non-closed partner default rate is for Opportunity Fund, at 64.20%.

Partner	Status	Default %
Opportunity Fund	pilot	64.20%
The Shurush Initiative	closed	57.16%
Ebony Foundation (Eb-F)	closed	51.96%
HELP Africa	closed	47.00%
Women`s Economic Empowerment Consort (WEEC)	closed	38.00%
Action Now: Kenya (ANK)	closed	35.52%
Fundación San Miguel Arcángel, Inc. (FSMA)	closed	27.80%
MIFEX	closed	24.14%
People Microcredit Investment Bureau (PEMCI)	closed	22.66%
Supporting Enterprises for Economic Development (SEED Development Group)	closed	18.73%
Regional Economic Development Center (REDC Bulgaria)	closed	14.46%
East Africa Beta	closed	9.19%
ADEPHCA	active	8.22%
Share an Opportunity Microfinance Ltd. (SAO MFI)	closed	5.07%
ACCION USA	pilot	4.12%
Fondo Esperanza	pilot	0.96%
FAPE	active	0.56%
Prisma Honduras, S.A.	active	0.49%
Grounded and Holistic Approach for People's Empowerment (GHAPE)	active	0.48%
Faulu Kenya	active	0.47%
Fundación para la Vivienda Progresiva (FVP)	active	0.22%
CEPRODEL	active	0.06%
Zene za Zene	paused	0.06%
Koperasi  Mitra Usaha Kecil (MUK)	active	0.03%
Manuela Ramos / CrediMUJER	active	0.01%

[RichardF]

These charts are examples of simplified, actual delinquency data posted at Kiva Bank for two Field Partners, Fundacion Mujer, and Pearl Microfinance Limited, for the period of May 1, 2010, through October 1, 2010.  While daily percentages are available at Kiva Bank, only data for the 1st and 15th of each month are included here.  Except for slight fluctuations, all major changes in delinquency rates are shown in these example charts.

Here is a summary of what I see happening in these examples.  On the 15th of each month, Kiva executes its settlement process.  If any active loans are delinquent, newly raised loan amounts are used to reduce the delinquency rate.  On the first of each month, Kiva executes its scheduled delinquency update process.  If any net billed active loans are not repaid by the Field Partner, Kiva marks each affected loan as delinquent to increase the delinquency rate.  Through this monthly net billing process, a few delinquency rate patterns for these examples are starting to emerge. 

For Fundacion Mujer, first, in every cycle shown, the delinquency rate on the first of the month increases from the previous 15th settlement date.  Second, in the two most recent settlements, the newly raised amounts were insufficient to cover the previously delinquent amounts.  Third, although not quite as consistently as the first two patterns, the delinquency rates incurred on the 15th or 1st of each month are tending to creep up.

For Pearl Microfinance, first, all changes in delinquency rates appear to be primarily the result of scheduled Kiva actions – settlements on the 15th of each month and delinquency updates on the 1st.  Second, repayments from the Field Partner due by the 1st of each month, if any, have been insufficient to cover the amounts due billed by Kiva.  Third, if the emerging trend of upwardly increasing delinquency rates continues, the practice of using newly raised loan funds to repay older active loan amounts due will become unsustainable.  The patterns I see in this example are:  jumps in delinquency rates on the 1st of each month; essentially covering the delinquency rates on the 15th of the following month; and a progressive increase in the step-up delinquency rates on the 1st over time. 

The main difference I see between the Pearl and Fundacion Mujer examples is that Pearl has been able to cover its delinquencies through the settlement process, while Fundacion Mujer has not.

From these two examples, my Kiva loans repayment process conclusion is that all changes in delinquency rates appear to be primarily the result of scheduled Kiva actions – settlements on the 15th of each month and delinquency updates on the 1st.  The list of Kiva Field Partner Delinquency Rate Increases from OCT 31 to NOV 1, 2010 also appear to support the second phase of Kiva's monthly cycle of scheduled loan repayment actions - delinquency updates on the 1st.

Whenever this type of delinquency rate pattern is exhibited by a Kiva Field Partner, questions such as the following should be addressed.  Has the Field Partner, in fact, made any repayments to Kiva as billed?  If no repayments have been made, why not?  If the delinquency rate increase is a result of the Field Partners not remitting repayments billed by Kiva, why is this occurring and what steps are being taken to remedy the situation?  What is the actual repayment history of the Field Partner when Kiva bills it for amounts due following each monthly settlement process?  If the Kiva net billing process has been suspended, why?

[Skimmis]

 

[YowieFreak]

Kiva Field Partner Delinquency Rate Increases from OCT 31 to NOV 1, 2010

As of November 1, 2010, Kiva reports 77 (50%) of 154 non-closed Field Partners with increases in delinquency rates from October 31 to November 1.  According to Kiva’s description of its billing cycle, this indicates each such partner did not remit to Kiva the full amount billed to it on October 15 for any partner delinquent amounts and amounts collected by the partner from its Kiva Entrepreneurs during the month of September.

I would have thought that there were three reasons why delinquency rates would have increased on November 1:

1) Field Partners not forwarding to Kiva amounts that Kiva billed to them on October 15 in respect of any Partner delinquent amounts plus entrepreneur payments received by the Field Partner during September (which is the reason you mention)

and

2) Field Partners not forwarding to Kiva amounts that Kiva didn't bill them for on October 15 in respect of entrepreneur payments which were received by the Field Partner by end-September but not yet reported to Kiva as having been received

and

3) Field Partners not forwarding to Kiva amounts that Kiva didn't bill them for on October 15 in respect of entrepreneur payments which were due to the Field Partner by end-September but not yet received by them.



Reading the blog article you refer to, I can't see why you believe that the 2nd and 3rd scenarios are no longer causes of "delinquencies" - the blog article simply seems to be referring to the advancement of the due date for the billed amount from the 15th of the following month to the last day of the current month, and has nothing at all to do with a change in the method of determining "delinquency" status.

[RichardF]

Here's a more detailed summary of the Kiva repayment process.

Kiva Help: Payment Schedule
1. How do repayments work?:
Kiva's repayment system is designed to accurately reflect the way that our Field Partners collect funds from the entrepreneurs that you've supported with loans.

When one of Kiva's Field Partners uploads an entrepreneur's loan request to Kiva, they set the anticipated repayment dates for the loan and the date that the loan is set to be disbursed to the entrepreneur. This repayment schedule can be monthly, once at the end of the loan term, or whatever most accurately reflects the way that the entrepreneur will be making repayments.

Our Field Partners have until the end of the month that each anticipated repayment is due to let Kiva know whether or not they actually collected the repayment. Once we have all of this information, we use it to generate a bill to charge our Field Partners for all of the repayments they collected that month.

To speed things up and to minimize the number of wire transfers being sent overseas, Kiva works on a net billing system. This means that, for any given month, we subtract the amount of repayments that a Field Partner owes to Kiva lenders from the amount that a Field Partner fundraises for entrepreneurs on Kiva.

If the balance is positive, that means that the Field Partner has raised more than they need to repay, and we use those funds to credit your lender account with the repayments due to you.

If the balance is negative, then the Field Partner has to send us a payment for the balance. As soon as we receive that payment, we use those funds to credit your lender account with the repayments due to you.

Once the repayment is made into your Kiva account, you can re-lend the funds, donate them to Kiva's operating expenses, purchase a gift certificate or withdraw them into a PayPal account.

Currency Conversion
While Kiva loans are often made to entrepreneurs in local currency denominations, all transfers of money between Kiva and the Field Partner are conducted in US Dollars.

For loans in which currency exchange loss is possible (information which you can find under the "About the Loan" section on the Entrepreneur's profile page), there is a chance that the lender will take a loss on the repayment if the US Dollar appreciates by more than 20% against the local currency. When such a loss occurs, the amount lost is listed in the Advanced view of the schedule, along with a link to learn more about the details of the loss.

For more on Currency Exchange Loss, visit Kiva's Help Center.

2. Expected Repayments:
This is the principal repayment schedule uploaded by the Field Partner at the point that the loan is posted. It outlines when the Field Partner expects to collect principal repayments from the entrepreneur.

Note that this doesn't include interest, which may be charged by the Field Partner to the entrepreneur.

3. Actual Repayments:
These are the actual repayments made by the Entrepreneur to the Field Partner and from the Field Partner to Kiva. Once we receive the repayments from the Field Partner, we deposit them into your Kiva account.

Comments:
This field will show you the status of any repayment. It can be:

• Repayment Received: Kiva received the repayment and returned the funds to Kiva lenders.
• Delinquent: The due date for the repayment has passed and the funds have not been returned to Kiva lenders. This can be due either to the Entrepreneur or Field Partner falling behind on repayment. Click "Show Advanced" on the repayment schedule to see an explanation of why the repayment is late.
• Entrepreneur behind in repayment: The Field Partner has reported not collecting the funds from the Entrepreneur.
• Field partner behind in repayment: The Field Partner has reported fully collecting funds from the Entrepreneur but hasn't sent them to Kiva.
• $X lost to currency fluctuation: The U.S. Dollar has appreciated severely relative to the local currency, causing the entrepreneur's repayment to be worth less than expected. While the Field Partner covered the cost in local currency of the first 20% of appreciation, the remainder was passed on as a loss to lenders. 

I would have thought that there were three reasons why delinquency rates would have increased on November 1:

1) Field Partners not forwarding to Kiva amounts that Kiva billed to them on October 15 in respect of any Partner delinquent amounts plus entrepreneur payments received by the Field Partner during September (which is the reason you mention)

There's one we agree on.

2) Field Partners not forwarding to Kiva amounts that Kiva didn't bill them for on October 15 in respect of entrepreneur payments which were received by the Field Partner by end-September but not yet reported to Kiva as having been received

There's two.  In a case such as this, the Field Partner would have failed to follow this repayment step noted above, "Our Field Partners have until the end of the month that each anticipated repayment is due to let Kiva know whether or not they actually collected the repayment."  Not that this doesn't happen, it simply raises another procedural question that should be addressed and disclosed.  An additional issue with a situation like this is that the Kiva website, having no better information to work with, would report the Entrepreneur as being delinquent when, in fact, the Field Partner was delinquent.

3) Field Partners not forwarding to Kiva amounts that Kiva didn't bill them for on October 15 in respect of entrepreneur payments which were due to the Field Partner by end-September but not yet received by them.

There's three.  This is the case when an Entrepreneur is, in fact, delinquent on a repayment to the Field Partner. 

The question then becomes, how do we distinguish situation #1 from situation #3?  The fact of the matter is that we as Lenders cannot.  That initself is a fundamental issue for a multi-million dollar lending platform.  My attempt to approximate this difference is by the use of the step charts shown above.  If the monthly billing step patterns are caused by Entrepreneur delinquencies, then they routinely would be exacly one month behind in their repayment schedules - on a large scale across several Field Partners on multiple continents.  I know of no evidence to support that scenario.  However, if the monthly step patterns are caused by Field Partner delinquencies, then they would rise and fall according to the events scheduled in the Kiva monthly billing cycle.  This would be the simpler of the two speculative explanations for this faily common monthly delinquency pattern. 

One way to know the source of delinquency between these possibilities would be for Kiva to implement a more comprehensive Kiva Field Partner Repayment History.  That way, Kiva Lenders wouldn't need to speculate about the source of risk to their Kiva Lending Portfolios.

[RichardF]

Kiva Field Partner Repayment History



This suggestion is intended to address the issue of Kiva Field Partner repayment reporting.  Currently, it is extremely difficult to accurately determine the status of the chain of Kiva loan repayments from Entrepreneurs to a Field Partner to Kiva to Lenders.  A remedy to this situation would be for Kiva to post a collection of Kiva Field Partner Repayment History summary tables on its website.  These histories could be posted at a central location for all Partners as well as by each Partner’s location.  The central location also could include a grand total section that would in effect become the Kiva Repayment History summary table.

A possible layout for such a repayment history summary table is presented for a single Partner.  The time frame covers one monthly cycle to the beginning of the next.  The three main repayment phases include Entrepreneurs to Partner, Partner to Kiva, and Kiva to Lenders.  The basic elements of each phase are discussed in turn.

Entrepreneurs to Partner
On the 15th of each month, Kiva confirms the amounts due from the Entrepreneurs to the Field Partner for the previous month.  At the end of that month, the amount due would be any previously delinquent amount plus scheduled payments minus any amount collected.  The amount actually collected during that month would be what it then owes to Kiva for the period.

Partner to Kiva
Also on the 15th, Kiva will determine the amount due from the Partner to Kiva as any delinquent amount plus the amount collected minus the monthly amount raised on the Kiva platform.  If necessary, Kiva will bill the Partner for the net amount due.  If an amount is due, any additional funds collected until the 15th of the next month, either by fundraising or remittance may go to cover what is due.

Kiva to Lenders
Once again on the 15th, Kiva will determine its amount due to Lenders as any delinquent amount plus the Partner to Kiva repaid amounts raised and remitted minus the amount disbursed to Lenders.  If necessary, Kiva will continue to repay Lenders throughout the month as additional amounts are repaid to it by the Partner, either through fundraising or remittance.

The value of Kiva posting a repayment history for each Field Partner is that it provides an objective summary of the chain of Kiva loan repayments from Entrepreneurs to the Partner to Kiva to Lenders.  This will allow all interested parties to review and monitor the chain of repayments.  This impartial backdrop becomes increasingly important as a tool for helping to identify and interpret delinquencies and irregularities in the established Kiva loan repayment system.

[RichardF]

It occurred to me that it was possible but tedious to do some sporadic checking on the stated reasons for delinquency rate increases listed above for November 1.  Any delinquencies will be posted on the individual loan repayment schedules noted as either “Field partner behind in repayment: The Field Partner has reported fully collecting funds from the Entrepreneur but hasn't sent them to Kiva.” or ““Entrepreneur behind in repayment:The Field Partner has reported not collecting the funds from the Entrepreneur.”

I checked on some of the loans for the 21 double-digit increases reported for November 1.  I checked up to ten loans with repayment histories per Field Partner to get a feel for the sources of the delinquencies.  Some examples of what I found are listed below.

Of the 21 double-digit delinquency rate increases, seven were listed as “Field Partner behind in repayment”:  South Pacific Business Development (SPBD, K-Met Savings and Credit Cooperative Ltd, Sinapi Aba Trust (SAT), Ryada, LAPO Sierra Leone (LAPOSL), Youth Self Employment Foundation (YOSEFO) and Christian Rural Aid Network (CRAN). CRAN also was shown as behind in repayment for October. 

I found no “Field Partner behind in repayment” examples for the 14 remaining Field Partners, although it’s harder to prove what you didn’t find isn’t there.  However, what I did find was several examples of partial repayments when the loan was reported as “Entrepreneur behind in repayment.”  In these cases, the partial repayment often was in the 80% to 90%+ range of the scheduled amount.  In addition, many of the repayment schedules showed the same amount due for each period.  One possible reason for posted delinquency rates such as these would be the repayment schedule is showing a fixed-principal repayment amount, while the actual repayment schedule is amortized and the Field Partner is reporting only the subsequently reduced principal amount as being repaid by the Entrepreneur.  Examples of these slight underpayments are shown for Fundacion D-MIRO Mision Alianza, Micro Credit for Development and Transformation SACCO (MCDT SACCO), Pearl Microfinance Limited, IMON International, EDESA, FAPE and Aqroinvest Credit Union.

Several possible variations on this theme of reported-actual repayment schedule mismatches would cause substantial partial Entrepreneur repayments to be reported as delinquent. One such example is ADEPHCA showing regular payment amounts but starting a month late.

It also turns out I noticed four cases, Tanaoba Lais Manekat Foundation (TLM), Local Enterprise Assistance Program (LEAP), Juhudi Kilimo (JK) and Prisma Honduras, S.A. with a number of overpayments being credited.  Some examples are listed below.

One thing I draw from this exercise is that at least seven Field Partners are delinquent in repayment for November.  The questions I’ve posed about Field Partner delinquencies definitely apply here.

In addition, I will add a fourth possibility to Ian’s three reasons why delinquency rates would have increased on November 1:

4) Field Partners posting inaccurate loan repayment schedules that overestimate the principal amount due from the Entrepreneur to the Field Partner, followed by the Field Partner reporting the correct lower principal amount as repaid.

Other questions very well may apply to the remaining Field Partners with jumps in Entrepreneur delinquency rates resulting from partial repayments.  What is the reason for some Entrepreneurs being noted as behind in repayment on the Kiva repayment schedule even though a substantial repayment has been made?  What procedures are in place for Kiva to verify the accuracy of the related repayment schedule, making corrections as needed? 

Here are the comparable Entrepreneur overpayment questions.  What is the reason for some Entrepreneurs showing overpayments on the Kiva repayment schedule?  What procedures are in place for Kiva to verify the accuracy of the related repayment schedule, making corrections as needed?


21 - Double-digit delinquency increase
  7 - Field Partner behind in repayment
14 - No Field Partner delinquencies found

South Pacific Business Development (SPBD)   active   0.00%   47.51%   47.51%
http://www.kiva.org/lend/231087?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $30.77 Nov 2010  $15.38 Field Partner behind in repayment   

K-Met Savings and Credit Cooperative Ltd   paused   12.42%   56.40%   43.98%
http://www.kiva.org/lend/219320?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $48.07 Nov 2010  $0.00 Field Partner behind in repayment 

Sinapi Aba Trust (SAT)   paused   1.39%   40.46%   39.07%
http://www.kiva.org/lend/214838?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $95.83 Nov 2010  $0.00 Field Partner behind in repayment   

Ryada   active   19.29%   45.76%   26.47%
http://www.kiva.org/lend/197364?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $166.50 Nov 2010  $0.00 Field Partner behind in repayment   

ADIM (Asociación Alternativa Para el Desarrollo Integral de las Mujeres)   active   1.02%   23.06%   22.04%
No Field Partner delinquencies found

Fundacion D-MIRO Mision Alianza   active   0.50%   20.79%   20.29%
No Field Partner delinquencies found
http://www.kiva.org/lend/233200?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $71.30 Nov 2010  $71.00 Entrepreneur behind in repayment     

Micro Credit for Development and Transformation SACCO (MCDT SACCO)   pilot   0.49%   19.28%   18.79%
No Field Partner delinquencies found
http://www.kiva.org/lend/230841?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $76.01 Nov 2010  $75.87 Entrepreneur behind in repayment 

Faulu Kenya   active   1.44%   18.51%   17.07%
No Field Partner delinquencies found

LAPO Sierra Leone (LAPOSL)   paused   0.00%   15.96%   15.96%
http://www.kiva.org/lend/197674?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $50.00 Nov 2010  $0.00 Field Partner behind in repayment 

Pearl Microfinance Limited   active   0.85%   16.60%   15.75%
No Field Partner delinquencies found
http://www.kiva.org/lend/232055?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $523.44 Nov 2010  $521.46 Entrepreneur behind in repayment 

Youth Self Employment Foundation (YOSEFO)   active   22.40%   37.53%   15.13%
http://www.kiva.org/lend/210520?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $89.75 Nov 2010  $0.00 Field Partner behind in repayment   

Christian Rural Aid Network (CRAN)   active   37.50%   52.58%   15.08%
http://www.kiva.org/lend/217904?showRepaymentDetails=yes#payments
From Field Partner to Lenders Oct 2010 $50.01 Oct 2010  $0.00 Field Partner behind in repayment
From Field Partner to Lenders Nov 2010 $50.00 Nov 2010  $0.00 Field Partner behind in repayment   

Tanaoba Lais Manekat Foundation (TLM)   pilot   17.13%   30.43%   13.30%
No Field Partner delinquencies found - overpayments found
http://www.kiva.org/lend/147543?showRepaymentDetails=yes#payments
From Field Partner to Lenders Oct 2010 $0.00 Oct 2010  $350.47

ADEPHCA   active   19.85%   32.62%   12.77%
No Field Partner delinquencies found - late starts on repayments found
http://www.kiva.org/lend/207045?showRepaymentDetails=yes#payments
From Field Partner to Lenders Sep 2010 $50.00 Sep 2010  $0.00
From Field Partner to Lenders Oct 2010 $50.00 Oct 2010  $50.00
From Field Partner to Lenders Nov 2010 $50.00 Nov 2010  $50.00 Entrepreneur behind in repayment   

IMON International   active   0.44%   13.02%   12.58%
No Field Partner delinquencies found
http://www.kiva.org/lend/226725?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $113.02 Nov 2010  $110.61 Entrepreneur behind in repayment

EDESA   active   0.00%   12.13%   12.13%
No Field Partner delinquencies found
http://www.kiva.org/lend/225348?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $33.33 Nov 2010  $26.19 Entrepreneur behind in repayment   

FAPE   active   9.42%   20.98%   11.56%
No Field Partner delinquencies found
http://www.kiva.org/lend/228149?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $125.01 Nov 2010  $124.17 Entrepreneur behind in repayment 

Local Enterprise Assistance Program (LEAP)   active   8.39%   19.64%   11.25%
No Field Partner delinquencies found - overpayments found
http://www.kiva.org/lend/231201?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $0.00 Nov 2010  $51.00   

Juhudi Kilimo (JK)   active   4.79%   15.87%   11.08%
No Field Partner delinquencies found - overpayments found
http://www.kiva.org/lend/226061?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $31.25 Nov 2010  $56.88

Aqroinvest Credit Union   active   7.10%   17.92%   10.82%
No Field Partner delinquencies found
http://www.kiva.org/lend/225313?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $83.34 Nov 2010  $78.34 Entrepreneur behind in repayment   

Prisma Honduras, S.A.   active   1.98%   12.22%   10.24%
No Field Partner delinquencies found - overpayments found
http://www.kiva.org/lend/221915?showRepaymentDetails=yes#payments
From Field Partner to Lenders Nov 2010 $122.50 Nov 2010  $142.47

[David2051]

Wow, great detective work.  You must have put a lot of time into this!