Credit Watch June 15, 2011

[Guest]

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[cjp1973]

Credits are coming in now.  Began 3:19 PDT

Accion Texas-Louisiana
Accion USA
ADIM
Al Majmoua
Al-Thiqa
Alalay sa Kaunlaran, Inc. (ASKI)
Alidé
Ameen s.a.l.

[Antonia]

 

[jennifer]

also
Afodenic
AREGAK
Asasah
Asociación Arariwa
BRAC Uganda
CCT
CHF International ACSI Iraq
CIDRE
Credituyo

[cjp1973]

CEPRODEL
CrediComun
Community Economic Ventures, Inc. (CEVI),
EDAPROSPO
Edpyme Alternativa
Emprender
Esperanza International Dominican Republic
FAPE
FECECAV
FINCA Peru
FODEMI,
Fondo Esperanza
Fundación ESPOIR
Fundación Leon 2000

[jennifer]

GHAPE
Hluvuku-Adsema
Interactuar
Komak
Koret
LLC Micro (Georgia)
MAXIMA Mikroheranhvatho
Micro Start/AFD
NWTF
Opportunity Fund
Padecomsm
Patan
SEDA
SPBD

[Ali]

Hi everybody,

There are a number of partners that you won’t see repayments from today, and I wanted to give you a heads up with some background. Some of this may be information you already know, but some of it may be new to you.

On the 15th of a month, Kiva sends each of our partners a billing statement for borrower repayments for the previous month based on repayments the partner reports as collected. On occasion, we put the billing process on "hold" or "block" the statement from going out on the 15th. Sometimes this is based on Kiva staff's judgment, because we think the partner is accidentally reporting incorrect values, or because there is some particular difficulty the partner is facing with reporting repayments for the previous month. Sometimes, our system automatically "blocks" the partner statement because the amounts reported seem too different from the amounts we expected the partner to report based on the loans' expected schedules. This automatic "blocking" especially tends to be fairly conservative because we want to catch mistakes Kiva or the partner might have made before we bill the partner.

Once a partner billing statement is "blocked," Kiva staff has the responsibility to review the amount of repayments reported by the partner. If there is a problem with the repayments reported by the partner, the appropriate Kiva staff member has to follow up with the partner and work through the issue before re-submitting the report of repayments collected. If there is no problem, the Kiva staff member simply clears the block and allows the statement to be cut. The process of determining whether there is a problem and then helping to correct the problem if one exists can take a non-trivial amount of time.

We don’t have updates to share on all of these partners, but here is the list of partners that have billing on “hold” or “block” today:

Apoyo Integral
Aqroinvest Credit Union
Bai Tushum & Partners
Banco D-MIRO S.A.
BRAC Liberia Microfinance Company Limited
CREDIT, a partner of World Relief
EDESA
Faulu Kenya
IMON International
Juhudi Kilimo (JK)
Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International
Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief
MCC Mol Bulak Finance LLC
Micro Credit for Development and Transformation SACCO (MCDT SACCO)
MLO Humo and Partners
Nor Horizon Universal Credit Organization Limited Liability Company
Ryada, a partner of CHF International
SEF International UCO LLC, a partner of World Vision International
SMEP Deposit Taking Microfinance Limited
Women and Associations for Gain both Economic and Social (WAGES)
Womens Development Businesses (WDB)
XacBank

Let me know if you have questions about any of this!

Thanks,
Ali

[Skimmis]

Thank you for your post Ali!

[Amy-in-PHX]

Hi everybody,

{snip}
We don’t have updates to share on all of these partners, but here is the list of partners that have billing on “hold” or “block” today:

Apoyo Integral
Aqroinvest Credit Union
Bai Tushum & Partners
Banco D-MIRO S.A.
BRAC Liberia Microfinance Company Limited
CREDIT, a partner of World Relief
EDESA
Faulu Kenya
IMON International
Juhudi Kilimo (JK)
Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International
Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief
MCC Mol Bulak Finance LLC
Micro Credit for Development and Transformation SACCO (MCDT SACCO)
MLO Humo and Partners
Nor Horizon Universal Credit Organization Limited Liability Company
Ryada, a partner of CHF International
SEF International UCO LLC, a partner of World Vision International
SMEP Deposit Taking Microfinance Limited
Women and Associations for Gain both Economic and Social (WAGES)
Womens Development Businesses (WDB)
XacBank

Let me know if you have questions about any of this!

Thanks,
Ali

Thanks so much for that info, Ali.  It really helps to know something about what may cause credit "delays" (recognizing that credits are not officially "due" until the 1st of next month), and why several days of time is needed between when payments are made from borrower to Field Partner, and when they can be "credited" on to lenders.  I wonder, whether the above list is a typical number of  Field Partners whose billing has been "blocked," or is it an unusually high number this month?

[Ali]

Thanks so much for that info, Ali.  It really helps to know something about what may cause credit "delays" (recognizing that credits are not officially "due" until the 1st of next month), and why several days of time is needed between when payments are made from borrower to Field Partner, and when they can be "credited" on to lenders.  I wonder, whether the above list is a typical number of  Field Partners whose billing has been "blocked," or is it an unusually high number this month?

The list is higher than usual this month, which is why I wanted to share it with you all.  I'm glad to hear it's helpful!

[AccountAbility]

Thanks so much for that info, Ali.  It really helps to know something about what may cause credit "delays" (recognizing that credits are not officially "due" until the 1st of next month),....

Just for accuracy sake, the payments are "due" on the last day of the month and thus become delinquent on the 1st of the following month. Because Kiva processes in batches, it states that the funds would then become "available" to lenders on the 1st of the following month.

Dan