Download the Kiva toolbar! - (what's this?)

February 11, 2016, 04:09:24 PM *
Welcome, Guest. Please login or register (it's quick and free!) for full access to all community features and functions, including instant messaging and message viewing preferences.

Login with username, password and session length

Cool Forum Options
: Not available. Login or register :)
: Popular Topics on Kiva Friends

: View recent changes on Kivapedia
: Online shopping that helps support Kiva
: List of Kiva microfinance institutions
: List of Kiva group lenders
: Kiva Timeline : More...

Welcome to Kiva Friends, an active community for Kiva users, staff and supporters. Don't know what Kiva is? Read this!
   Home   Search Calendar Help Tags Login Register  

Pages: [1]   Go Down
  Bookmark This  |  E-Mail This  |  Print It  
Author Topic: "Interest & Fees are Charged: No" error - on Kiva field partner pages  (Read 2291 times)
0 Members and 1 Guest were last seen viewing this topic.
Peter S
Kiva Supporter
Posts: 2078

View Profile
« on: January 16, 2011, 03:10:58 PM »

When it says "Interest & Fees are Charged: No"  on a Kiva field partner page, this is clearly not correct, and goes against everything we know about how microfinance works.  The programming logic seems to take the fact that there is "N/A" against Portfolio Yield to mean "not applicable", and forces that to supply the answer "No" for whether interest and fees are charged.  In fact, "N/A" against Portfolio Yield has to mean "Not Available", and in my view it's extremely dangerous for Kiva's credibility as a transparent lending platform that this absence of information about Kiva's proxy for the interest rate borrowers pay should give rise to the entirely misleading assertion that no interest and fees are charged.

There has been some discussion about this here at KF, most recently in May last year I think.  See here and here.  Despite it having been acknowledged as a matter of some urgency to be corrected - here for example - this type of misleading information persists.

This was the list of Field Partners where "Interest & Fees are Charged: No", in May 2010, as noted in RichardF's post:

Center for Community Transformation Credit Cooperative (CCT)
Credit Mongol LLC
Gata Daku Multi-purpose Cooperative (GDMPC)
Kisumu Medical & Education Trust (K-MET)
Paglaum Multi-Purpose Cooperative (PMPC)
Patan Business and Professional Women

I just checked (an easy enough thing to do with a Google search..) whether this has been put right since May last year.  Sadly the errors persist.  Considering just active or paused Kiva Field Partners, these are the FPs which today are stated to not be charging their borrowers interest or fees, and for which no information is provided about their portfolio yield. - Juhudi Kilimo - Asasah - Christian Rural Aid Network - ADEPHCA - K-Met Savings and Credit Cooperative Ltd - HOPE Congo S.A. - Transcapital Company Ltd

I can't believe that Kiva doesn't have portfolio yield information for these 7 partners, as a matter of initial or ongoing due diligence.  Apart from anything else, Kiva must know what the portfolio yield is to ensure that the interest rates charged are not usurious - and of course Kiva lenders also need this information in order to make informed lending choices.


verba volant, littera scripta manet
Kiva Staffer
Posts: 1212

View Profile
« Reply To This #1 on: January 21, 2011, 10:33:28 AM »

Thanks for flagging this, Peter.  A fix should go up next Tuesday, with the next release.

Pages: [1]   Go Up
  Bookmark This  |  E-Mail This  |  Print It  
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC
Thanks to PixelSlot
Valid XHTML 1.0! Valid CSS!
Page created in 0.107 seconds with 23 queries.