e-mail for help

[Guest]

.

[TheGreenMarine]

Dear Kiva,

I have a question about how this works....
Last night I donated a little money ($25.00) to a small business owner, it went through....
My question is when does he donate it back to me?  Will it show up in my account information?....
And most imporantly, how can he see my information so he knows who he is donating to?.......
I put a picture on there like everyone else, but I want to get all the other information on there so he can learn about what he's getting into...

Thanks much, I appreciate it.

[cpbailey]

GreenMarine,

Let's see...you are loaning to a business owner.  Kiva is an intermediary which forwards your (along with a number of other people's chunks of money in $25 amounts) to a financial institution close to the borrower.  The borrower has applied for a loan through this bank, savings and loan or credit union, and this institution has done the verification.  The borrower repays the bank.  Monthly the bank sends repayments to Kiva.  Kiva deposits it in your account when repaid.  So, yes it will show up in your account info.  I get monthly statements after the repayments--most are done on the 15th of the month.

Your borrower may or may not ever see your info.  Some lending agents have shown the many people who lend to their clients.  Other borrowers may repay in a remote village, and it may not be practical to bring a computer or printouts.

The bank will let him know what he needs to do.  We get the fun part!

Colette