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Hillary Bush - Kiva coordinator  

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YULtide
(@yultide)

Thanks, Brandon! Much appreciated.

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Posted : June 2, 2015 12:35 am
YULtide
(@yultide)

Received a couple of payments from Microfinanzas Prisma this morning.

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Posted : June 2, 2015 6:10 pm
YULtide
(@yultide)

Payments from Credit Mongol this morning. Recycled.

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Posted : June 6, 2015 2:04 pm
brandonatkiva
(@brandonatkiva)
Silver

A quick note on VisionFund AzerCredit: we're aiming to add an update to the partner page very soon, but are just waiting to hear back on a few things before doing so. Will do my best to reply here once that's in place.

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Posted : June 9, 2015 10:23 pm
NightDaze
(@nightdaze)

Hi Brandon,

It's been a while since the March 10, 2015 update. Is there any new information about Izdiharona for Economic Development?

As of today 06/19/15, the delinquency rate is 93.10% and loans at risk are at 100%? 🙁

brandonatkiva, post: 2575118, member: 88472 wrote: FYI, this Izdiharona update will be published at midnight when our website syncs up with our partner status data:

Kiva's partnership with Izdiharona has been paused. Izdiharona has informed Kiva that their local bank placed a stop on their attempts to send funds to Kiva. Izdiharona says that the Central Bank of Iraq (CBI) has not approved the transfer, which they hypothesize might be due to efforts by the CBI to impede the flow of funds from NGOs within Iraq to investors based outside the country. Kiva has been following up regularly with Izdiharona and has also reached out to other prominent organizations well acquainted with the Iraqi microfinance industry and a local attorney to determine the feasibility of these claims. To date, we have not uncovered any cases of this occurring with other organizations in Iraq. Kiva is currently seeking a proper avenue for making a formal inquiry with the CBI. Kiva will continue to follow up with Izdiharona to maximize the recovery of lender funds, and will share updates with Kiva lenders as the situation changes

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Posted : June 19, 2015 9:22 pm
JY1024
(@jy1024)

Again - Thank you, Brandon, for popping in when you can to give us updates! I, and many others I'm sure, really do appreciate it. 🙂

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Posted : June 21, 2015 11:32 pm
brandonatkiva
(@brandonatkiva)
Silver

NightDaze, post: 2621295, member: 179428 wrote: Hi Brandon,

It's been a while since the March 10, 2015 update. Is there any new information about Izdiharona for Economic Development?

As of today 06/19/15, the delinquency rate is 93.10% and loans at risk are at 100%? 🙁

Not at the moment, through it does sound like we're aiming to post another update soon once we hear back from a couple people. I'll post another reply here once that's up. Thank you for asking!

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Posted : June 29, 2015 8:22 pm
GenevaFlyer
(@genevaflyer)

Hi all,

Just wanted to share the email I got about my Abaarso loan:

We're writing to let you know that your Kiva loan to Abdilaahi has been exempted from default. This loan is eligible for default because it is more than 180 days behind on repayment, but the Field Partner, Abaarso School of Science and Technology, requested an exemption for this reason:
This loan is not being defaulted because we still believe payments will be made. The borrower's child is now enrolled in university in Kenya but is currently back in the country and is working with the borrower to restart payments. We still believe the borrower will continue to make payments with continued reminders and explanations of the necessity to do so.
With micro loans, it's common to try to reschedule loan terms to accommodate eventual repayment, and our hope is that the borrower will be able to take advantage of this flexibility and make future repayments on their loan. We appreciate your patience and your support of borrowers on Kiva.
Best wishes,
The Kiva Team

We'll see if any repayments do come in.

Cheers,

GenevaFlyer

“One’s destination is never a place, but a new way of seeing things.”Henry Miller

Join the InsideFlyer KIVA team today!

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Posted : July 2, 2015 6:43 am
GenevaFlyer
(@genevaflyer)

And an update on my second Abaarso loan, that was straight defaulted.

Oh well, I have the country on my list, so one step closer to reaching 100% of countries impacted.

GenevaFlyer

“One’s destination is never a place, but a new way of seeing things.”Henry Miller

Join the InsideFlyer KIVA team today!

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Posted : July 3, 2015 6:06 am
YULtide
(@yultide)

More payments from Microfinanzas Prisma this morning. 🙂

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Posted : July 3, 2015 11:34 am
milchap
(@milchap)

brandonatkiva, post: 2612851, member: 88472 wrote: Thanks, all! Checking on these now.

BRAC Liberia & BRAC Sierra Leone: We gave these Field Partners a grace period through this month due to the Ebola crisis, and have been working with them to reconcile their repayments and process defaults in the meantime. We're hoping to have that process done soon, but we expect a very high amount of defaults given the impact of the epidemic.

Given the severity of the Ebola impact on both countries, I expect 100% defaults on my ten loans. Hopefully the survivors of the epidemic will slowly recover and rebuild their lives and communities.

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Posted : July 3, 2015 12:27 pm
brandonatkiva
(@brandonatkiva)
Silver

This update will be posted to Izdiharona's partner page tomorrow, fyi:

Kiva’s partnership with Izdiharona was paused in August 2014. As noted in our last update, Izdiharona informed Kiva that they’re unable to send funds to Kiva due to government restrictions on capital transfers out of the country. Iraq is a difficult environment to operate in, given the day-to-day challenges posed by ongoing conflict in this region. Kiva has followed up with other actors in microfinance in Iraq and confirmed that other organizations have also had trouble transferring funds out of the country. We will remain in regular contact with this partner and will post updates to this page as the situation evolves.

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Posted : July 14, 2015 8:08 pm
HaveMilesWillTravel
(@havemileswilltravel)

Got an email about a default today:

(...)

"When choosing to default this loan the Field Partner, Apoyo Integral, provided this reason for the default:

este credito es marcado por incumplimiento de pago ya que el cliente tuvo Problemas con la delincuencia. Cliente extorcionado

To date, $6.84 of your loan has been repaid, and the remaining amount can be considered a loss."

It would be nice if the official explanation could be provided in English, like the rest of the message that Kiva sent me. Sure, I can paste it into google translate (and hope that something meaningful comes out of it, but why have all lenders do this manually when Kiva could easily automate it.

I don't always drink beer, but when I do I will certainly NOT drink Bud Light.

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Posted : December 17, 2015 3:47 pm
milchap
(@milchap)

milchap, post: 2626737, member: 444 wrote: Given the severity of the Ebola impact on both countries, I expect 100% defaults on my ten loans. Hopefully the survivors of the epidemic will slowly recover and rebuild their lives and communities.

Any news on these loans ?

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Posted : January 4, 2016 4:39 pm
brandonatkiva
(@brandonatkiva)
Silver

milchap, post: 2703218, member: 444 wrote: Any news on these loans ?

Thanks for asking. It sounds like we're expecting an update at the end of this month, so I just made a reminder to check back in on things then.

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Posted : January 4, 2016 10:44 pm
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