Some time ago I wrote to Kiva with some questions about Ebony. This is part of the reply I got:
I won't be able to answer all your questions, because my coworkers who manage Kiva's partnership with Ebony are in the field right now. In fact, they just visited Ebony a while ago, and I know we are hoping to release an update soon.
It worries me that Heather told us that George Mwanga Onguso
was making repayments for months, and none of those have been credited to the Kivalender accounts. The loan has been repayed in full now, and I am sure the Kivalenders will be repayed eventually, with all the attention this case got here at Kivafriends.
But I wonder, how many more Georges are there, making repayments, facing penalties if they are late?
I don't mind at all if people whose businesses are destroyed and can't make repayments don't have to pay back. In fact, I hope Ebony is kind enough not to push people beyond their limits. But it worries me that we don't get any updates, there are no repayments, and the only one client whose personal story we know made several monthly repayments, facing serious penalties if he was a few days late, and has now repayed his loan in full while the last repayment to Kivalenders was December 2007.
Since Ebony paused oploading loans at Kiva they have uploaded almost half a milion Euros at MyC4:
MyC4 Partner Since: 16.04.2008 10:30 CET
Businesses Funded: €403,560.00 in 81 Businesses
Repayments Received: €24,754.94
The moderators may delete this post if they think it is inapropriate. I don't want to cause any trouble. But the situation has been bothering me for months.
It is not about the money, seriously, it is not, I have only one Ebony loan myself. But somehow the whole situation makes me a bit uncomfortable.