Defaults

Discussion in 'Kiva | Loans That Change Lives' started by fcjapan, Apr 25, 2013.  |  Print Topic

  1. fcjapan

    fcjapan Gold Member

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    Is it just me?
    Getting more and more defaults. Had like 3 for 3 years. Now 3 a day.
    Might be liquidation of my portfolio though.
    Kiva repayment rates are about the same though, even improving. so maybe just me. My FPs not covering these anymore? Dunno...Whaja think? Just me?
     
  2. fcjapan

    fcjapan Gold Member

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    To add:
    I like stricter accounting principles.
    Write it off, and if repayments still come afterward, cool.
     
  3. secretsea18
    Original Member

    secretsea18 Gold Member

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    I have only one default in about 425 loans. I guess I am lucky.

    I do have several that experience currency losses, namely my South Sudan loans. I don't mind those though as I feel that those people need a boost and I can afford the few dollars lost.
     
  4. fcjapan

    fcjapan Gold Member

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    Sorry, not meant as sky is falling, sudden severe losses or anything.
    Just seems that Kiva is marking as defaulted more than usual this month, or to be specific, the last couple of days.
    My own default rates are paltry and well below average.
     
  5. drewmeyers

    drewmeyers Active Member

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    Choose wisely? :)

    In all seriousness, I haven't noticed this with my loans.
     
  6. miles and smiles
    Original Member

    miles and smiles Gold Member

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    No new defaults for me. My default rate is now down to 0.42%. Delinquency rate only 1.38%. And I've been making lots of loans thru the newer, "riskier" field partners.
     
  7. DAS02135
    Original Member

    DAS02135 Gold Member

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    Wasn't the repayment rate at 99.02% just last month?

    It's now 98.99%. That's s got to be a lot of defaulted money to drop it like that, no? It doesn't look like the default definition has changed from 6 months without a payment.
     
  8. miles and smiles
    Original Member

    miles and smiles Gold Member

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    The default rate changes within a few hundredths of a percent within each month.
     
    IDGflygirl, fcjapan and YULtide like this.

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