XAC Bank made some payments today. This loan was a very long term one--26 months from June of this year, and totally repaid in October. There is not a reason listed for this, but this was one of several from this Field Partner.
http://www.kiva.org/lend/304665Colette
I'm never quite sure what to think when that happens. If the borrower is a little further along in the loan term than that one, I assume their business did better than expected and maybe that particular MFI offers incentives for punctual / early repayment. However, I've had a few which have paid back very early and that just leaves me perplexed (did they suddenly win the lottery?) One of my 18 month loans in Jordan paid back the entire sum she owed with her first repayment (with that one, I assume she simply changed her mind!)
10/20
Apoyo Integral
Grameen America (BEFORE the end of the month - a first!) BTW, does anybody know why Grameen America haven't had any more loans on the site since April? They came on Kiva, funded 10 loans, and then seemed to disappear completely.
MCDT SACCO
Opportunity Fund